National Fuel Gas Company $NFG Shares Purchased by Great Lakes Advisors LLC

Key Points

• Great Lakes Advisors LLC has increased its stake in National Fuel Gas Company by 8.3%, now owning 106,450 shares valued at approximately $8.43 million.
• National Fuel Gas recently increased its quarterly dividend to $0.535, reflecting 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, surpassing analyst expectations, and set FY 2026 EPS guidance between 8.000-8.500.

Great Lakes Advisors LLC boosted its position in National Fuel Gas Company (NYSE:NFG - Free Report) by 8.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 106,450 shares of the oil and gas producer's stock after acquiring an additional 8,121 shares during the quarter. Great Lakes Advisors LLC owned 0.12% of National Fuel Gas worth $8,430,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Caxton Associates LLP acquired a new position in shares of National Fuel Gas during the first quarter worth about $977,000. Goldman Sachs Group Inc. lifted its stake in shares of National Fuel Gas by 30.0% during the first quarter. Goldman Sachs Group Inc. now owns 159,953 shares of the oil and gas producer's stock worth $12,667,000 after purchasing an additional 36,913 shares in the last quarter. Petrus Trust Company LTA acquired a new position in shares of National Fuel Gas during the first quarter worth about $296,000. Millennium Management LLC lifted its stake in shares of National Fuel Gas by 32.6% during the first quarter. Millennium Management LLC now owns 360,888 shares of the oil and gas producer's stock worth $28,579,000 after purchasing an additional 88,758 shares in the last quarter. Finally, Interval Partners LP acquired a new position in shares of National Fuel Gas during the first quarter worth about $1,275,000. Institutional investors and hedge funds own 73.96% of the company's stock.

National Fuel Gas Stock Down 1.3%

Shares of NYSE NFG opened at $85.39 on Tuesday. National Fuel Gas Company has a 1 year low of $58.50 and a 1 year high of $89.82. The firm has a market cap of $7.72 billion, a price-to-earnings ratio of 32.10, a PEG ratio of 0.51 and a beta of 0.61. 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 simple moving average is $86.46 and its 200-day simple moving average is $81.82.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $531.83 million for the quarter, compared to analyst estimates of $596.12 million. During the same period in the previous year, the company earned $0.99 earnings per share. The company'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. As a group, equities 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 disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a $0.535 dividend. 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%. The ex-dividend date of this dividend was Monday, June 30th. National Fuel Gas's dividend payout ratio is presently 80.45%.

Wall Street Analyst Weigh In

A number of research analysts have commented on NFG shares. Wall Street Zen cut National Fuel Gas from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Bank of America upgraded National Fuel Gas from an "underperform" rating to a "buy" rating and boosted their price objective for the stock from $85.00 to $107.00 in a research note on Tuesday, July 15th. Zacks Research cut National Fuel Gas from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 18th. Finally, Scotiabank restated an "outperform" rating on shares of National Fuel Gas in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $96.67.

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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