Public Employees Retirement System of Ohio Cuts Stake in National Fuel Gas Company $NFG

Key Points

• The Public Employees Retirement System of Ohio decreased its ownership in National Fuel Gas Company by 10.3% to 41,175 shares after selling 4,708 shares in Q2.
• National Fuel Gas has announced a quarterly dividend of $0.535 per share, to be paid on October 15th, with a current yield of 2.3%.
• Analysts have given National Fuel Gas a consensus rating of "Moderate Buy", with price target estimates averaging $96.67.

Public Employees Retirement System of Ohio lowered its stake in shares of National Fuel Gas Company (NYSE:NFG - Free Report) by 10.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,175 shares of the oil and gas producer's stock after selling 4,708 shares during the period. Public Employees Retirement System of Ohio's holdings in National Fuel Gas were worth $3,488,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of NFG. Wealth Enhancement Advisory Services LLC increased its stake in shares of National Fuel Gas by 12.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,195 shares of the oil and gas producer's stock worth $922,000 after purchasing an additional 1,741 shares in the last quarter. Wellington Management Group LLP grew its stake in National Fuel Gas by 142.7% during the 4th quarter. Wellington Management Group LLP now owns 144,317 shares of the oil and gas producer's stock valued at $8,757,000 after acquiring an additional 84,860 shares in the last quarter. GAMMA Investing LLC grew its stake in National Fuel Gas by 13,154.2% during the 1st quarter. GAMMA Investing LLC now owns 131,614 shares of the oil and gas producer's stock valued at $10,423,000 after acquiring an additional 130,621 shares in the last quarter. Parallel Advisors LLC grew its stake in National Fuel Gas by 8.7% during the 1st quarter. Parallel Advisors LLC now owns 4,655 shares of the oil and gas producer's stock valued at $369,000 after acquiring an additional 371 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC purchased a new stake in National Fuel Gas during the 1st quarter valued at about $231,000. Hedge funds and other institutional investors own 73.96% of the company's stock.

National Fuel Gas Stock Performance

NYSE:NFG opened at $92.44 on Wednesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.46 and a quick ratio of 0.39. The firm has a market capitalization of $8.35 billion, a price-to-earnings ratio of 34.75, a PEG ratio of 0.55 and a beta of 0.61. The company's 50-day moving average is $87.67 and its two-hundred day moving average is $83.40. National Fuel Gas Company has a 1-year low of $58.82 and a 1-year high of $94.13.

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

National Fuel Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 30th. National Fuel Gas's dividend payout ratio is currently 80.45%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on NFG shares. Zacks Research cut shares of National Fuel Gas from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 18th. Wall Street Zen cut shares of National Fuel Gas from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Bank of America raised shares of National Fuel Gas from an "underperform" rating to a "buy" rating and upped their price objective for the company from $85.00 to $107.00 in a research note on Tuesday, July 15th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of National Fuel Gas in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $96.67.

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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