National Fuel Gas Company $NFG Stake Increased by Bank of America Corp DE

Key Points

• Bank of America increased its National Fuel Gas stake by 12.7% in the first quarter, bringing its holdings to 701,453 shares valued at approximately $65.9 million. Institutional investors collectively own 73.96% of NFG.
• National Fuel Gas reported quarterly EPS of $1.54, exceeding estimates of $1.44, while revenue reached $537.5 million and rose 1.1% year over year. The company guided to fiscal 2026 EPS of $7.40–$7.60.
• The company raised its quarterly dividend to $0.555 per share, or $2.22 annually, representing a 2.7% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $105.50.

Bank of America Corp DE boosted its stake in National Fuel Gas Company (NYSE:NFG - Free Report) by 12.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 701,453 shares of the oil and gas producer's stock after acquiring an additional 79,136 shares during the period. Bank of America Corp DE owned 0.74% of National Fuel Gas worth $65,908,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its position in shares of National Fuel Gas by 30.0% in the 1st 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 during the last quarter. Empowered Funds LLC acquired a new position in National Fuel Gas in the first quarter worth about $247,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in National Fuel Gas by 3.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 220,730 shares of the oil and gas producer's stock valued at $17,480,000 after buying an additional 8,304 shares during the last quarter. Focus Partners Wealth increased its holdings in National Fuel Gas by 79.5% in the first quarter. Focus Partners Wealth now owns 12,729 shares of the oil and gas producer's stock valued at $1,008,000 after buying an additional 5,638 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in National Fuel Gas during the first quarter valued at approximately $138,000. 73.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NFG has been the topic of a number of research analyst reports. Weiss Ratings downgraded National Fuel Gas from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, July 21st. Wall Street Zen downgraded National Fuel Gas from a "hold" rating to a "sell" rating in a report on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $105.50.

National Fuel Gas Stock Performance

Shares of NYSE NFG opened at $81.76 on Tuesday. The company has a quick ratio of 3.07, a current ratio of 3.20 and a debt-to-equity ratio of 0.91. The firm's 50-day moving average price is $79.07 and its two-hundred day moving average price is $84.57. National Fuel Gas Company has a 52-week low of $75.17 and a 52-week high of $97.06. The stock has a market capitalization of $7.77 billion, a P/E ratio of 11.36, a P/E/G ratio of 1.79 and a beta of 0.37.

National Fuel Gas (NYSE:NFG - Get Free Report) last issued its earnings results on Wednesday, July 29th. The oil and gas producer reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.10. The firm had revenue of $537.50 million for the quarter, compared to analyst estimates of $564.33 million. National Fuel Gas had a return on equity of 19.04% and a net margin of 26.97%.The firm's revenue for the quarter was up 1.1% on a year-over-year basis. During the same period last year, the company earned $1.64 earnings per share. National Fuel Gas has set its FY 2026 guidance at 7.400-7.600 EPS. As a group, sell-side analysts forecast that National Fuel Gas Company will post 7.5 earnings per share for the current year.

National Fuel Gas Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 2.7%. This is a positive change from National Fuel Gas's previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Tuesday, June 30th. National Fuel Gas's dividend payout ratio is 30.83%.

National Fuel Gas Company Profile

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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