Element Capital Management LLC Takes $2.74 Million Position in National Fuel Gas Company $NFG

Key Points

• Element Capital Management LLC has invested approximately $2.74 million in National Fuel Gas Company, purchasing 34,562 shares during the first quarter.
• National Fuel Gas's quarterly earnings exceeded estimates, reporting $1.64 EPS against a consensus estimate of $1.50, with a revenue of $531.83 million.
• Analysts have mixed views on the stock, with a downgrade to "hold" from Wall Street Zen and an upgrade to "buy" from Bank of America, suggesting a consensus target price of $96.67.

Element Capital Management LLC bought a new position in shares of National Fuel Gas Company (NYSE:NFG - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 34,562 shares of the oil and gas producer's stock, valued at approximately $2,737,000.

Several other large investors also recently made changes to their positions in the business. LSV Asset Management lifted its position in National Fuel Gas by 29.6% during the 1st quarter. LSV Asset Management now owns 2,153,236 shares of the oil and gas producer's stock valued at $170,515,000 after purchasing an additional 491,890 shares during the period. Bank of New York Mellon Corp raised its position in National Fuel Gas by 2.1% in the 1st quarter. Bank of New York Mellon Corp now owns 1,104,852 shares of the oil and gas producer's stock valued at $87,493,000 after buying an additional 22,320 shares during the last quarter. Northern Trust Corp raised its position in National Fuel Gas by 37.9% in the 4th quarter. Northern Trust Corp now owns 1,019,072 shares of the oil and gas producer's stock valued at $61,837,000 after buying an additional 279,857 shares during the last quarter. Dimensional Fund Advisors LP raised its position in National Fuel Gas by 4.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 989,487 shares of the oil and gas producer's stock valued at $60,043,000 after buying an additional 43,656 shares during the last quarter. Finally, Invesco Ltd. grew its stake in National Fuel Gas by 93.7% in the first quarter. Invesco Ltd. now owns 951,069 shares of the oil and gas producer's stock valued at $75,315,000 after purchasing an additional 460,100 shares in the last quarter. Institutional investors own 73.96% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Scotiabank restated an "outperform" rating on shares of National Fuel Gas in a research note on Wednesday, August 13th. Bank of America raised shares of National Fuel Gas from an "underperform" rating to a "buy" rating and raised their target price for the stock from $85.00 to $107.00 in a report on Tuesday, July 15th. Finally, Wall Street Zen cut National Fuel Gas from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, National Fuel Gas presently has an average rating of "Buy" and an average target price of $96.67.

National Fuel Gas Trading Up 0.6%

Shares of NFG stock traded up $0.5460 on Tuesday, hitting $85.9960. The company had a trading volume of 589,438 shares, compared to its average volume of 643,823. National Fuel Gas Company has a twelve month low of $58.32 and a twelve month high of $89.82. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.39 and a current ratio of 0.46. The stock's 50-day moving average is $85.77 and its two-hundred day moving average is $80.31. The firm has a market cap of $7.77 billion, a P/E ratio of 32.33, a P/E/G ratio of 0.51 and a beta of 0.65.

National Fuel Gas (NYSE:NFG - Get Free Report) last announced its earnings results on Wednesday, July 30th. The oil and gas producer reported $1.64 EPS for the quarter, beating the consensus estimate of $1.50 by $0.14. National Fuel Gas had a return on equity of 20.81% and a net margin of 11.15%.The company had revenue of $531.83 million for the quarter, compared to analyst estimates of $596.12 million. During the same quarter in the prior year, the company earned $0.99 EPS. The firm's revenue for the quarter was up 27.4% compared to the same quarter last year. National Fuel Gas has set its FY 2026 guidance at 8.000-8.500 EPS. FY 2025 guidance at 6.800-6.950 EPS. On average, equities research analysts anticipate that National Fuel Gas Company will post 6.64 earnings per share for the current fiscal year.

National Fuel Gas Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a $0.535 dividend. The ex-dividend date was Monday, June 30th. This is an increase from National Fuel Gas's previous quarterly dividend of $0.52. This represents a $2.14 annualized dividend and a yield of 2.5%. National Fuel Gas's dividend payout ratio is currently 80.45%.

National Fuel Gas Company Profile

National Fuel Gas Company operates as a diversified energy company. It operates through four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment explores for, develops, and produces natural gas and oil. The Pipeline and Storage segment provides interstate natural gas transportation services through an integrated gas pipeline system in Pennsylvania and New York; and owns and operates underground natural gas storage fields.