Kayne Anderson Capital Advisors LP Acquires Shares of 59,763 National Fuel Gas Company $NFG

Key Points

• Kayne Anderson Capital Advisors acquired 59,763 shares of National Fuel Gas in the second quarter, worth approximately $4.6 million, while institutional investors collectively own 73.96% of the company.
• Analysts maintain a “Moderate Buy” consensus rating for NFG, with an average price target of $105.50. The stock recently opened at $84.04, compared with a 52-week range of $75.17 to $97.06.
• National Fuel Gas exceeded quarterly earnings expectations, reporting $1.54 in EPS versus the $1.44 consensus, and increased its quarterly dividend to $0.555, representing a 2.6% annualized yield.

Kayne Anderson Capital Advisors LP bought a new position in National Fuel Gas Company (NYSE:NFG - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 59,763 shares of the oil and gas producer's stock, valued at approximately $4,614,000. Kayne Anderson Capital Advisors LP owned about 0.06% of National Fuel Gas at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. SJS Investment Consulting Inc. grew its stake in National Fuel Gas by 458.0% in the 1st quarter. SJS Investment Consulting Inc. now owns 279 shares of the oil and gas producer's stock worth $26,000 after acquiring an additional 229 shares in the last quarter. Fairscale Capital LLC bought a new stake in shares of National Fuel Gas during the fourth quarter valued at approximately $29,000. HM Payson & Co. bought a new stake in shares of National Fuel Gas during the fourth quarter valued at approximately $29,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of National Fuel Gas in the first quarter valued at approximately $38,000. Finally, SHP Wealth Management purchased a new stake in shares of National Fuel Gas in the fourth quarter valued at approximately $44,000. Hedge funds and other institutional investors own 73.96% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on NFG shares. Wall Street Zen raised National Fuel Gas from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. Weiss Ratings lowered National Fuel Gas from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $105.50.

National Fuel Gas Trading Up 0.6%

Shares of NYSE NFG opened at $84.04 on Friday. National Fuel Gas Company has a 1-year low of $75.17 and a 1-year high of $97.06. The business has a fifty day moving average price of $79.95 and a 200 day moving average price of $84.55. The stock has a market capitalization of $7.99 billion, a P/E ratio of 11.67, a price-to-earnings-growth ratio of 1.86 and a beta of 0.37. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.20 and a quick ratio of 3.07.

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

National Fuel Gas Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $0.555 dividend. This represents a $2.22 annualized dividend and a yield of 2.6%. This is a positive change from National Fuel Gas's previous quarterly dividend of $0.54. The ex-dividend date was Tuesday, June 30th. National Fuel Gas's payout ratio is 30.83%.

About National Fuel Gas

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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