National Fuel Gas Company $NFG Stock Holdings Trimmed by Evergreen Capital Management LLC

Key Points

• Evergreen Capital Management LLC has reduced its stake in National Fuel Gas Company by 24%, holding a total of 10,466 shares worth $834,000 after selling 3,299 shares in the first quarter.
• National Fuel Gas recently announced a quarterly dividend increase to $0.535, representing an annual yield of 2.5% with a payout ratio of 80.45%.
• The company reported earnings of $1.64 per share for the last quarter, exceeding analyst expectations by $0.14, with a year-over-year revenue increase of 27.4%.

Evergreen Capital Management LLC lowered its stake in National Fuel Gas Company (NYSE:NFG - Free Report) by 24.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 10,466 shares of the oil and gas producer's stock after selling 3,299 shares during the period. Evergreen Capital Management LLC's holdings in National Fuel Gas were worth $834,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of NFG. Quarry LP bought a new stake in shares of National Fuel Gas in the 4th quarter worth about $32,000. Northern Trust Corp grew its position in shares of 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 worth $61,837,000 after acquiring an additional 279,857 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in shares of National Fuel Gas in the 4th quarter worth approximately $888,000. Mercer Global Advisors Inc. ADV grew its position in shares of National Fuel Gas by 227.4% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 43,197 shares of the oil and gas producer's stock worth $2,621,000 after acquiring an additional 30,003 shares in the last quarter. Finally, AXA S.A. grew its position in shares of National Fuel Gas by 146.2% in the 4th quarter. AXA S.A. now owns 62,972 shares of the oil and gas producer's stock worth $3,821,000 after acquiring an additional 37,394 shares in the last quarter. Institutional investors own 73.96% of the company's stock.

National Fuel Gas Stock Performance

NYSE NFG traded down $0.25 on Friday, hitting $86.58. The stock had a trading volume of 500,221 shares, compared to its average volume of 634,631. National Fuel Gas Company has a one year low of $58.50 and a one year high of $89.82. The company has a quick ratio of 0.39, a current ratio of 0.46 and a debt-to-equity ratio of 0.80. The stock has a market cap of $7.82 billion, a price-to-earnings ratio of 32.55, a P/E/G ratio of 0.51 and a beta of 0.61. The company's 50-day moving average is $86.41 and its two-hundred day moving average is $81.52.

National Fuel Gas (NYSE:NFG - Get Free Report) last posted its earnings results on Wednesday, July 30th. The oil and gas producer reported $1.64 EPS for the quarter, topping the consensus estimate of $1.50 by $0.14. National Fuel Gas had a net margin of 11.15% and a return on equity of 20.81%. The firm had revenue of $531.83 million during the quarter, compared to analysts' expectations of $596.12 million. During the same quarter in the prior year, the firm earned $0.99 EPS. National Fuel Gas's quarterly revenue was up 27.4% on a year-over-year basis. 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, analysts expect that National Fuel Gas Company will post 6.64 earnings per share for the current year.

National Fuel Gas Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Monday, June 30th. This is an increase from National Fuel Gas's previous quarterly dividend of $0.52. National Fuel Gas's dividend payout ratio (DPR) is presently 80.45%.

Analysts Set New Price Targets

NFG has been the subject of several research reports. Bank of America upgraded National Fuel Gas from an "underperform" rating to a "buy" rating and lifted their target price for the stock from $85.00 to $107.00 in a research report on Tuesday, July 15th. Zacks Research downgraded shares of National Fuel Gas from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. Scotiabank reaffirmed an "outperform" rating on shares of National Fuel Gas in a research report on Wednesday, August 13th. Finally, Wall Street Zen downgraded shares of National Fuel Gas from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $96.67.

About National Fuel Gas

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.