Beacon Pointe Advisors LLC Acquires New Holdings in National Fuel Gas Company $NFG

Key Points

• Beacon Pointe Advisors acquired 130,869 shares of National Fuel Gas in the second quarter, valued at approximately $10.1 million and representing about 0.14% of the company.
• National Fuel Gas reported quarterly EPS of $1.54, beating estimates of $1.44, while revenue of $537.5 million fell short of expectations. Institutional investors own 73.96% of the stock.
• The company raised its quarterly dividend to $0.555 per share, or $2.22 annualized, providing a 2.7% yield; analysts maintain a “Moderate Buy” consensus with a $105.50 target price.

Beacon Pointe Advisors LLC bought a new position in National Fuel Gas Company (NYSE:NFG - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 130,869 shares of the oil and gas producer's stock, valued at approximately $10,104,000. Beacon Pointe Advisors LLC owned about 0.14% of National Fuel Gas at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. SJS Investment Consulting Inc. boosted its position in shares of National Fuel Gas by 458.0% in the first quarter. SJS Investment Consulting Inc. now owns 279 shares of the oil and gas producer's stock worth $26,000 after purchasing an additional 229 shares during the period. HM Payson & Co. purchased a new position in shares of National Fuel Gas in the fourth quarter valued at about $29,000. Fairscale Capital LLC bought a new position in shares of National Fuel Gas in the fourth quarter worth about $29,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of National Fuel Gas during the first quarter worth about $38,000. Finally, SHP Wealth Management purchased a new stake in shares of National Fuel Gas during the fourth quarter worth about $44,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Weiss Ratings downgraded shares of National Fuel Gas from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, July 21st. Wall Street Zen cut shares of National Fuel Gas from a "hold" rating to a "sell" rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $105.50.

National Fuel Gas Trading Up 0.1%

NFG stock opened at $82.97 on Friday. National Fuel Gas Company has a 12-month low of $75.17 and a 12-month high of $97.06. The stock has a market cap of $7.89 billion, a price-to-earnings ratio of 11.52, a PEG ratio of 1.84 and a beta of 0.37. The business's 50-day moving average is $80.71 and its 200 day moving average is $84.49. The company has a current ratio of 3.20, a quick ratio of 3.07 and a debt-to-equity ratio of 0.91.

National Fuel Gas (NYSE:NFG - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The oil and gas producer reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.10. National Fuel Gas had a net margin of 26.97% and a return on equity of 19.04%. The firm had revenue of $537.50 million for the quarter, compared to the consensus estimate of $564.33 million. During the same period last year, the firm posted $1.64 earnings per share. The company's revenue for the quarter was up 1.1% on a year-over-year basis. On average, sell-side analysts anticipate that National Fuel Gas Company will post 7.5 EPS for the current fiscal year.

National Fuel Gas Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $0.555 dividend. This is an increase from National Fuel Gas's previous quarterly dividend of $0.54. This represents a $2.22 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Tuesday, June 30th. National Fuel Gas's payout ratio is presently 30.83%.

National Fuel Gas Profile

National Fuel Gas Company NYSE: NFG is a diversified energy company engaged primarily in the production, gathering, transmission, distribution and marketing of natural gas. The company operates through four principal segments: Exploration & Production, Pipeline & Storage, Utilities, and Energy Marketing. Its integrated asset base spans upstream development in the Appalachian Basin, regional pipeline networks, underground storage facilities, and regulated utility distribution systems.

In its Exploration & Production segment, National Fuel Gas focuses on developing natural gas reserves in the Marcellus and Utica shales, leveraging modern drilling and completion techniques.

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