TD Waterhouse Canada Inc. Has $219,000 Stake in National Fuel Gas Company $NFG

Key Points

• TD Waterhouse Canada trimmed its stake in National Fuel Gas by 91.4% in Q4, selling 29,220 shares and leaving it with 2,732 shares worth about $219,000.
• Analysts hold a consensus rating of "Moderate Buy" with a consensus price target of $106, including KeyCorp's $110 overweight and Scotiabank's $101 objective.
• National Fuel Gas has a market cap of about $8.38 billion, a P/E of 12.3, reported Q4 EPS of $2.06 (beating estimates), and pays an annual dividend of $2.14 (yield ~2.4%).

TD Waterhouse Canada Inc. trimmed its holdings in National Fuel Gas Company (NYSE:NFG - Free Report) by 91.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,732 shares of the oil and gas producer's stock after selling 29,220 shares during the period. TD Waterhouse Canada Inc.'s holdings in National Fuel Gas were worth $219,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. New Age Alpha Advisors LLC raised its position in shares of National Fuel Gas by 4.2% in the third quarter. New Age Alpha Advisors LLC now owns 3,184 shares of the oil and gas producer's stock valued at $294,000 after buying an additional 128 shares in the last quarter. Legacy Bridge LLC raised its position in shares of National Fuel Gas by 0.7% in the fourth quarter. Legacy Bridge LLC now owns 17,927 shares of the oil and gas producer's stock valued at $1,435,000 after buying an additional 132 shares in the last quarter. OneDigital Investment Advisors LLC raised its position in shares of National Fuel Gas by 5.3% in the third quarter. OneDigital Investment Advisors LLC now owns 3,238 shares of the oil and gas producer's stock valued at $299,000 after buying an additional 164 shares in the last quarter. Richardson Financial Services Inc. increased its stake in National Fuel Gas by 88.5% in the third quarter. Richardson Financial Services Inc. now owns 360 shares of the oil and gas producer's stock valued at $33,000 after acquiring an additional 169 shares during the last quarter. Finally, Park Avenue Securities LLC increased its stake in National Fuel Gas by 1.4% in the fourth quarter. Park Avenue Securities LLC now owns 12,050 shares of the oil and gas producer's stock valued at $965,000 after acquiring an additional 169 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Scotiabank set a $101.00 price objective on shares of National Fuel Gas in a research note on Wednesday, January 21st. Zacks Research raised shares of National Fuel Gas from a "strong sell" rating to a "hold" rating in a research note on Monday, March 9th. KeyCorp assumed coverage on shares of National Fuel Gas in a research note on Tuesday, April 7th. They issued an "overweight" rating and a $110.00 price objective on the stock. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of National Fuel Gas in a research note on Monday, December 29th. One investment 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $106.00.

National Fuel Gas Stock Performance

Shares of NYSE:NFG opened at $88.22 on Monday. The company's 50 day simple moving average is $91.65 and its 200 day simple moving average is $85.31. The stock has a market capitalization of $8.38 billion, a price-to-earnings ratio of 12.30, a price-to-earnings-growth ratio of 1.15 and a beta of 0.52. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.65 and a quick ratio of 0.59. National Fuel Gas Company has a 1 year low of $75.73 and a 1 year high of $97.06.

National Fuel Gas (NYSE:NFG - Get Free Report) last posted its earnings results on Thursday, January 29th. The oil and gas producer reported $2.06 earnings per share for the quarter, topping analysts' consensus estimates of $1.91 by $0.15. The firm had revenue of $651.51 million for the quarter, compared to analysts' expectations of $650.70 million. National Fuel Gas had a net margin of 27.65% and a return on equity of 21.45%. The company's revenue was up 18.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.66 earnings per share. As a group, research analysts predict that National Fuel Gas Company will post 7.81 EPS for the current fiscal year.

National Fuel Gas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, March 31st. National Fuel Gas's payout ratio is presently 29.85%.

National Fuel Gas 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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