Nuveen LLC Makes New $17.81 Million Investment in National Fuel Gas Company $NFG

Key Points

• Nuveen LLC acquired a new stake in National Fuel Gas Company, purchasing 224,884 shares valued at approximately $17.8 million, representing 0.25% of the company as per their recent SEC filing.
• Several hedge funds, including LSV Asset Management and Invesco Ltd., significantly increased their stakes in National Fuel Gas, reflecting a growing institutional interest with hedge funds holding 73.96% of the company's stock.
• Analysts have mixed views on National Fuel Gas, with Bank of America upgrading its rating to "buy" and raising the price target from $85.00 to $107.00, while Wall Street Zen downgraded it from "buy" to "hold."

Nuveen LLC purchased a new stake in National Fuel Gas Company (NYSE:NFG - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 224,884 shares of the oil and gas producer's stock, valued at approximately $17,809,000. Nuveen LLC owned approximately 0.25% of National Fuel Gas as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Assetmark Inc. lifted its holdings 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 worth $30,000 after purchasing an additional 379 shares during the last quarter. Inlight Wealth Management LLC acquired a new stake in National Fuel Gas in the 1st quarter worth approximately $40,000. Cranbrook Wealth Management LLC acquired a new stake in National Fuel Gas in the 1st quarter worth approximately $40,000. Quarry LP acquired a new stake in National Fuel Gas in the 4th quarter worth approximately $32,000. Finally, Ameriflex Group Inc. acquired a new stake in National Fuel Gas in the 4th quarter worth approximately $36,000. Institutional investors own 73.96% of the company's stock.

National Fuel Gas Price Performance

NYSE:NFG traded down $0.2550 during trading hours on Friday, reaching $87.1250. The company had a trading volume of 450,672 shares, compared to its average volume of 652,638. The stock has a 50-day moving average of $86.07 and a two-hundred day moving average of $80.61. National Fuel Gas Company has a one year low of $58.50 and a one year high of $89.82. The firm has a market capitalization of $7.87 billion, a PE ratio of 32.75, a PEG ratio of 0.51 and a beta of 0.65. 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 (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 return on equity of 20.81% and a net margin of 11.15%.The firm had revenue of $531.83 million for the quarter, compared to analysts' expectations of $596.12 million. During the same period in the prior year, the business posted $0.99 earnings per share. The business's revenue 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. Analysts forecast that National Fuel Gas Company will post 6.64 earnings per share for the current year.

National Fuel Gas Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a $0.535 dividend. This is an increase from National Fuel Gas's previous quarterly dividend of $0.52. This represents a $2.14 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Monday, June 30th. National Fuel Gas's payout ratio is presently 80.45%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Bank of America upgraded National Fuel Gas from an "underperform" rating to a "buy" rating and boosted their target price for the stock from $85.00 to $107.00 in a report on Tuesday, July 15th. Zacks Research downgraded National Fuel Gas from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. Scotiabank reaffirmed an "outperform" rating on shares of National Fuel Gas in a research report on Wednesday, August 13th. Finally, Wall Street Zen cut National Fuel Gas from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. One equities 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. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target 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.