Greenwood Capital Associates LLC Has $555,000 Stock Holdings in National Fuel Gas Company $NFG

Key Points

• Greenwood Capital Associates LLC has reduced its stake in National Fuel Gas Company by 32.6%, now holding shares valued at $555,000 after selling 3,167 shares.
• Multiple institutional investors have increased their stakes in National Fuel Gas, with LSV Asset Management and Invesco Ltd. notably raising their holdings by 29.6% and 93.7% respectively in the last quarter.
• National Fuel Gas reported an EPS of $1.64 in its latest earnings, exceeding expectations, alongside a quarterly dividend of $0.535 to be paid on October 15th with an annualized yield of 2.4%.

Greenwood Capital Associates LLC lowered its position in National Fuel Gas Company (NYSE:NFG - Free Report) by 32.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,554 shares of the oil and gas producer's stock after selling 3,167 shares during the period. Greenwood Capital Associates LLC's holdings in National Fuel Gas were worth $555,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NFG. LSV Asset Management lifted its holdings in shares of 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 in the last quarter. Invesco Ltd. raised its holdings in National Fuel Gas by 93.7% during the 1st quarter. Invesco Ltd. now owns 951,069 shares of the oil and gas producer's stock worth $75,315,000 after buying an additional 460,100 shares during the period. Mackenzie Financial Corp increased its position in shares of National Fuel Gas by 98.9% during the first quarter. Mackenzie Financial Corp now owns 715,645 shares of the oil and gas producer's stock worth $56,672,000 after acquiring an additional 355,800 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new position in National Fuel Gas in the 1st quarter worth $20,892,000. Finally, Nuveen LLC bought a new stake in shares of National Fuel Gas in the first quarter valued at about $17,809,000. 73.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NFG has been the subject of several research reports. Wall Street Zen cut shares of National Fuel Gas from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Bank of America raised shares of National Fuel Gas from an "underperform" rating to a "buy" rating and upped their price target for the stock from $85.00 to $107.00 in a research report on Tuesday, July 15th. Scotiabank reaffirmed an "outperform" rating on shares of National Fuel Gas in a research report on Wednesday, August 13th. Zacks Research cut National Fuel Gas from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 18th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of National Fuel Gas in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $96.67.

National Fuel Gas Price Performance

Shares of National Fuel Gas stock opened at $88.63 on Friday. National Fuel Gas Company has a twelve month low of $58.82 and a twelve month high of $94.13. 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 company has a 50-day simple moving average of $87.90 and a two-hundred day simple moving average of $83.64. The stock has a market capitalization of $8.01 billion, a price-to-earnings ratio of 33.32, a price-to-earnings-growth ratio of 0.44 and a beta of 0.58.

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, 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 company had revenue of $531.83 million for the quarter, compared to analysts' expectations of $596.12 million. During the same period last year, the firm earned $0.99 earnings per share. The business's revenue for the quarter 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. Analysts forecast that National Fuel Gas Company will post 6.64 EPS for the current year.

National Fuel Gas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 30th. National Fuel Gas's payout ratio is 80.45%.

National Fuel Gas 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.

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