Millennium Management LLC Acquires 88,758 Shares of National Fuel Gas Company $NFG

Key Points

• Millennium Management LLC increased its stake in National Fuel Gas Company by 32.6% in the first quarter, holding approximately 360,888 shares valued at $28.58 million.
• Analysts have mixed ratings on National Fuel Gas, with Bank of America upgrading the stock to "buy" and raising the price target to $107, while others have issued "hold" ratings.
• National Fuel Gas announced a $0.535 quarterly dividend to be paid on October 15th, reflecting an annualized dividend yield of 2.4% with a dividend payout ratio of 80.45%.

Millennium Management LLC lifted its holdings in shares of National Fuel Gas Company (NYSE:NFG - Free Report) by 32.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 360,888 shares of the oil and gas producer's stock after purchasing an additional 88,758 shares during the quarter. Millennium Management LLC owned approximately 0.40% of National Fuel Gas worth $28,579,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Assetmark Inc. grew its stake in National Fuel Gas by 9,475.0% in the 1st quarter. Assetmark Inc. now owns 383 shares of the oil and gas producer's stock valued at $30,000 after buying an additional 379 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in National Fuel Gas by 316.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 400 shares of the oil and gas producer's stock valued at $32,000 after buying an additional 304 shares during the last quarter. Ameriflex Group Inc. acquired a new position in National Fuel Gas in the 4th quarter valued at $36,000. Cranbrook Wealth Management LLC acquired a new position in National Fuel Gas in the 1st quarter valued at $40,000. Finally, Inlight Wealth Management LLC acquired a new position in National Fuel Gas in the 1st quarter valued at $40,000. Institutional investors and hedge funds own 73.96% of the company's stock.

National Fuel Gas Trading Up 0.9%

NYSE NFG traded up $0.78 during trading on Wednesday, reaching $87.62. 54,410 shares of the stock traded hands, compared to its average volume of 624,695. The firm has a market cap of $7.92 billion, a price-to-earnings ratio of 32.95, a price-to-earnings-growth ratio of 0.52 and a beta of 0.61. The stock's 50-day moving average price is $86.88 and its 200 day moving average price is $82.32. 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 fifty-two week low of $58.82 and a fifty-two week high of $89.82.

National Fuel Gas (NYSE:NFG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The oil and gas producer reported $1.64 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $531.83 million for the quarter, compared to analyst estimates of $596.12 million. During the same quarter in the previous year, the firm posted $0.99 earnings per share. The business's revenue 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 predict 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. Shareholders of record on Tuesday, September 30th will be paid a $0.535 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.14 dividend on an annualized basis and a yield of 2.4%. National Fuel Gas's payout ratio is presently 80.45%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NFG. Scotiabank reiterated an "outperform" rating on shares of National Fuel Gas in a research note on Wednesday, August 13th. Zacks Research lowered shares of National Fuel Gas from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. Bank of America upgraded shares of National Fuel Gas from an "underperform" rating to a "buy" rating and raised their price target for the stock from $85.00 to $107.00 in a research report on Tuesday, July 15th. Finally, Wall Street Zen lowered shares of National Fuel Gas from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. 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 company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $96.67.

National Fuel Gas Company 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.