Royal Bank of Canada Has $12.39 Million Holdings in National Fuel Gas Company $NFG

Key Points

• Royal Bank of Canada reduced its stake in National Fuel Gas Company by 8.4%, now holding 156,458 shares worth approximately $12.39 million.
• National Fuel Gas reported quarterly earnings of $1.64 per share, surpassing analyst expectations and reflecting a 27.4% year-over-year revenue increase despite a revenue shortfall compared to estimates.
• The company announced a quarterly dividend of $0.535 per share payable on October 15th, yielding an annualized dividend of 2.4% with a payout ratio of 80.45%.

Royal Bank of Canada decreased its stake in shares of National Fuel Gas Company (NYSE:NFG - Free Report) by 8.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 156,458 shares of the oil and gas producer's stock after selling 14,420 shares during the period. Royal Bank of Canada owned approximately 0.17% of National Fuel Gas worth $12,390,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in NFG. LSV Asset Management raised its position in National Fuel Gas by 29.6% during the first quarter. LSV Asset Management now owns 2,153,236 shares of the oil and gas producer's stock valued at $170,515,000 after buying an additional 491,890 shares during the period. Invesco Ltd. raised its position in National Fuel Gas by 93.7% during the first quarter. Invesco Ltd. now owns 951,069 shares of the oil and gas producer's stock valued at $75,315,000 after buying an additional 460,100 shares during the period. Mackenzie Financial Corp raised its position in 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 valued at $56,672,000 after buying an additional 355,800 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in shares of National Fuel Gas during the first quarter worth approximately $20,892,000. Finally, Nuveen LLC acquired a new stake in shares of National Fuel Gas during the first quarter worth approximately $17,809,000. Institutional investors and hedge funds own 73.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NFG. Wall Street Zen cut shares of National Fuel Gas from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Scotiabank restated an "outperform" rating on shares of National Fuel Gas in a report on Wednesday, August 13th. Zacks Research cut shares of National Fuel Gas from a "strong-buy" rating to a "hold" rating in a report on Monday, August 18th. Finally, Bank of America upgraded shares of National Fuel Gas from an "underperform" rating to a "buy" rating and lifted their target price for the company from $85.00 to $107.00 in a research note on Tuesday, July 15th. One investment 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. According to data from MarketBeat.com, National Fuel Gas has a consensus rating of "Moderate Buy" and an average price target of $96.67.

National Fuel Gas Stock Performance

National Fuel Gas stock traded down $0.52 on Monday, hitting $87.70. The company's stock had a trading volume of 401,903 shares, compared to its average volume of 628,726. The firm has a market cap of $7.92 billion, a P/E ratio of 32.97, a price-to-earnings-growth ratio of 0.52 and a beta of 0.61. 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 fifty day moving average price of $86.72 and a 200-day moving average price of $82.20. National Fuel Gas Company has a one year low of $58.82 and a one year high of $89.82.

National Fuel Gas (NYSE:NFG - Get Free Report) last issued its earnings results on Wednesday, July 30th. The oil and gas producer reported $1.64 EPS for the quarter, beating 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 the consensus estimate of $596.12 million. During the same quarter in the previous year, the company earned $0.99 EPS. The firm'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. On average, equities analysts anticipate that National Fuel Gas Company will post 6.64 earnings per share for the current year.

National Fuel Gas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Tuesday, September 30th. National Fuel Gas's payout ratio is currently 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.