National Fuel Gas Company $NFG Shares Purchased by Inspire Investing LLC

Key Points

• Inspire Investing LLC increased its stake in National Fuel Gas Company by 72.5%, now owning 9,390 shares valued at approximately $795,000.
• Analysts have mixed ratings on the stock, with price targets ranging from $98.00 to $107.00 and a consensus rating of "Moderate Buy."
• National Fuel Gas declared a quarterly dividend of $0.535 per share, reflecting an annualized yield of 2.5% and a payout ratio of 80.45%.

Inspire Investing LLC boosted its position in National Fuel Gas Company (NYSE:NFG - Free Report) by 72.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,390 shares of the oil and gas producer's stock after acquiring an additional 3,948 shares during the quarter. Inspire Investing LLC's holdings in National Fuel Gas were worth $795,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in NFG. Assetmark Inc. increased its stake in National Fuel Gas by 9,475.0% in the first quarter. Assetmark Inc. now owns 383 shares of the oil and gas producer's stock valued at $30,000 after purchasing an additional 379 shares during the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new position in National Fuel Gas in the second quarter valued at approximately $30,000. Northwestern Mutual Wealth Management Co. increased its stake in National Fuel Gas by 316.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 400 shares of the oil and gas producer's stock valued at $32,000 after purchasing an additional 304 shares during the last quarter. Inlight Wealth Management LLC purchased a new position in National Fuel Gas in the first quarter valued at approximately $40,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in National Fuel Gas in the first quarter valued at approximately $55,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Scotiabank lowered shares of National Fuel Gas from an "outperform" rating to a "sector perform" rating and raised their target price for the stock from $102.00 to $106.00 in a research report on Thursday. Zacks Research downgraded National Fuel Gas from a "strong-buy" rating to a "hold" rating in a report on Monday, August 18th. Wall Street Zen downgraded National Fuel Gas from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of National Fuel Gas in a report on Saturday, September 27th. Finally, Bank of America raised National Fuel Gas from an "underperform" rating to a "buy" rating and increased their price target for the stock from $85.00 to $107.00 in a report on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, National Fuel Gas currently has a consensus rating of "Moderate Buy" and a consensus price target of $98.00.

National Fuel Gas Trading Down 1.3%

NYSE:NFG opened at $84.73 on Monday. The company has a market capitalization of $7.66 billion, a PE ratio of 31.85, a price-to-earnings-growth ratio of 0.42 and a beta of 0.58. The company has a quick ratio of 0.39, a current ratio of 0.46 and a debt-to-equity ratio of 0.80. National Fuel Gas Company has a 52-week low of $58.82 and a 52-week high of $94.13. The stock has a fifty day simple moving average of $87.93 and a 200-day simple moving average of $84.02.

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

National Fuel Gas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 30th. National Fuel Gas's 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.

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