Sheets Smith Wealth Management Invests $676,000 in National Fuel Gas Company $NFG

Key Points

• Sheets Smith Wealth Management invested $676,000 in National Fuel Gas Company (NFG) by acquiring 7,981 shares during the second quarter.
• National Fuel Gas reported earnings of $1.64 per share, exceeding analysts' estimates of $1.50, while revenue increased by 27.4% compared to the previous year, reaching $531.83 million.
• The company declared a quarterly dividend of $0.535 per share, representing a 2.3% yield, with the dividend payment scheduled for October 15th.

Sheets Smith Wealth Management acquired a new position in National Fuel Gas Company (NYSE:NFG - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 7,981 shares of the oil and gas producer's stock, valued at approximately $676,000.

Several other hedge funds have also modified their holdings of the stock. OneDigital Investment Advisors LLC acquired a new stake in National Fuel Gas during the 1st quarter valued at approximately $203,000. Cambridge Investment Research Advisors Inc. grew its position in shares of National Fuel Gas by 5.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,184 shares of the oil and gas producer's stock worth $1,044,000 after acquiring an additional 712 shares in the last quarter. KBC Group NV grew its position in shares of National Fuel Gas by 18.5% in the 1st quarter. KBC Group NV now owns 3,908 shares of the oil and gas producer's stock worth $309,000 after acquiring an additional 609 shares in the last quarter. Greenleaf Trust acquired a new position in shares of National Fuel Gas in the 1st quarter worth approximately $259,000. Finally, Picton Mahoney Asset Management grew its position in shares of National Fuel Gas by 29,652.6% in the 1st quarter. Picton Mahoney Asset Management now owns 5,653 shares of the oil and gas producer's stock worth $448,000 after acquiring an additional 5,634 shares in the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

National Fuel Gas Stock Performance

Shares of NFG stock opened at $92.23 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.46 and a quick ratio of 0.39. National Fuel Gas Company has a fifty-two week low of $58.82 and a fifty-two week high of $92.56. The stock's 50-day moving average is $87.32 and its two-hundred day moving average is $82.84. The firm has a market cap of $8.33 billion, a P/E ratio of 34.67, a PEG ratio of 0.53 and a beta of 0.61.

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, topping 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 company had revenue of $531.83 million during the quarter, compared to analysts' expectations of $596.12 million. During the same quarter in the previous year, the firm earned $0.99 earnings per share. The business's quarterly 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 predict that National Fuel Gas Company will post 6.64 earnings per share for the current fiscal year.

National Fuel Gas Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Bank of America raised 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 report on Tuesday, July 15th. Zacks Research downgraded National Fuel Gas from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 18th. Scotiabank reissued an "outperform" rating on shares of National Fuel Gas in a research note on Wednesday, August 13th. Finally, Wall Street Zen cut National Fuel Gas from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price 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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