National Fuel Gas Company $NFG Holdings Trimmed by Gabelli Funds LLC

Key Points

• Gabelli Funds LLC reduced its stake in National Fuel Gas Company by 2.6%, selling 66,600 shares and holding 2,452,082 shares, making it the firm's third largest investment.
• National Fuel Gas recently saw an increase in its quarterly dividend from $0.52 to $0.535, representing an annual yield of 2.5%.
• Analysts maintain a consensus rating of "Moderate Buy" for National Fuel Gas, with target prices reaching as high as $107.00.

Gabelli Funds LLC decreased its stake in National Fuel Gas Company (NYSE:NFG - Free Report) by 2.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,452,082 shares of the oil and gas producer's stock after selling 66,600 shares during the period. National Fuel Gas comprises about 1.5% of Gabelli Funds LLC's holdings, making the stock its 3rd largest holding. Gabelli Funds LLC owned about 2.71% of National Fuel Gas worth $194,180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Keeley Teton Advisors LLC lifted its stake in National Fuel Gas by 1.0% in the 1st quarter. Keeley Teton Advisors LLC now owns 37,610 shares of the oil and gas producer's stock valued at $2,978,000 after purchasing an additional 370 shares during the last quarter. Epoch Investment Partners Inc. bought a new position in shares of National Fuel Gas during the first quarter valued at $847,000. Comerica Bank raised its stake in shares of National Fuel Gas by 2.8% during the first quarter. Comerica Bank now owns 33,558 shares of the oil and gas producer's stock valued at $2,657,000 after acquiring an additional 912 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of National Fuel Gas during the first quarter valued at $4,839,000. Finally, Penn Capital Management Company LLC bought a new position in shares of National Fuel Gas during the first quarter valued at $215,000. Institutional investors own 73.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Scotiabank reissued 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 lifted their target price for the stock from $85.00 to $107.00 in a research note on Tuesday, July 15th. Zacks Research downgraded shares of National Fuel Gas from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 18th. Finally, Wall Street Zen downgraded shares of National Fuel Gas from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. One research 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 company's stock. According to data from MarketBeat, National Fuel Gas presently has a consensus rating of "Moderate Buy" and an average target price of $96.67.

National Fuel Gas Stock Down 0.3%

NYSE:NFG traded down $0.24 during trading hours on Friday, reaching $86.71. The company had a trading volume of 406,071 shares, compared to its average volume of 581,238. 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 firm has a market cap of $7.83 billion, a price-to-earnings ratio of 32.60, a P/E/G ratio of 0.51 and a beta of 0.65. The business's 50-day simple moving average is $86.27 and its two-hundred day simple moving average is $81.12. National Fuel Gas Company has a twelve month low of $58.50 and a twelve month high of $89.82.

National Fuel Gas (NYSE:NFG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The oil and gas producer reported $1.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.50 by $0.14. The firm had revenue of $531.83 million during the quarter, compared to analysts' expectations of $596.12 million. National Fuel Gas had a net margin of 11.15% and a return on equity of 20.81%. The business's revenue was up 27.4% on a year-over-year basis. During the same period last year, the company earned $0.99 earnings per share. 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 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 disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a dividend of $0.535 per share. This is an increase from National Fuel Gas's previous quarterly dividend of $0.52. This represents a $2.14 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Monday, June 30th. National Fuel Gas's dividend payout ratio is 80.45%.

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.