TriaGen Wealth Management LLC Takes $590,000 Position in National Fuel Gas Company $NFG

Key Points

• TriaGen Wealth Management LLC has acquired a new position in National Fuel Gas Company, purchasing 7,455 shares valued at approximately $590,000.
• National Fuel Gas has received mixed ratings from analysts, with Bank of America upgrading it to a "buy" and increasing the price target from $85.00 to $107.00.
• The company recently announced an increase in its quarterly dividend, now at $0.535 per share, enhancing annualized yield to 2.5%.

TriaGen Wealth Management LLC purchased a new position in shares of National Fuel Gas Company (NYSE:NFG - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 7,455 shares of the oil and gas producer's stock, valued at approximately $590,000.

Several other hedge funds also recently modified their holdings of NFG. Envestnet Asset Management Inc. lifted its holdings in shares of National Fuel Gas by 3.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 130,161 shares of the oil and gas producer's stock worth $7,898,000 after acquiring an additional 4,415 shares during the period. Bank of Montreal Can lifted its position in National Fuel Gas by 19.6% during the 4th quarter. Bank of Montreal Can now owns 13,794 shares of the oil and gas producer's stock worth $837,000 after acquiring an additional 2,262 shares in the last quarter. Townsquare Capital LLC boosted its stake in shares of National Fuel Gas by 28.3% in the fourth quarter. Townsquare Capital LLC now owns 8,736 shares of the oil and gas producer's stock valued at $530,000 after purchasing an additional 1,927 shares during the period. Mariner LLC grew its holdings in National Fuel Gas by 1.3% during the 4th quarter. Mariner LLC now owns 20,291 shares of the oil and gas producer's stock valued at $1,231,000 after purchasing an additional 258 shares in the last quarter. Finally, Bridgewater Associates LP acquired a new stake in National Fuel Gas during the 4th quarter valued at $324,000. 73.96% of the stock is owned by institutional investors and hedge funds.

National Fuel Gas Stock Performance

NFG stock traded up $0.8660 during midday trading on Wednesday, hitting $86.9860. The stock had a trading volume of 851,012 shares, compared to its average volume of 646,229. National Fuel Gas Company has a 52 week low of $58.47 and a 52 week high of $89.82. The firm has a market capitalization of $7.86 billion, a price-to-earnings ratio of 32.70, a P/E/G ratio of 0.50 and a beta of 0.65. The stock has a 50-day simple moving average of $85.85 and a 200 day simple moving average of $80.35. The company has a current ratio of 0.46, a quick ratio of 0.39 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 (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.14. National Fuel Gas had a net margin of 11.15% and a return on equity of 20.81%. The firm had revenue of $531.83 million during the quarter, compared to the consensus estimate of $596.12 million. During the same period last year, the firm posted $0.99 EPS. The firm's quarterly revenue was up 27.4% on a year-over-year basis. National Fuel Gas has set its FY 2026 guidance at 8.000-8.500 EPS. FY 2025 guidance at 6.800-6.950 EPS. As a group, equities research analysts anticipate that National Fuel Gas Company will post 6.64 earnings per share for the current year.

National Fuel Gas Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a dividend of $0.535 per share. The ex-dividend date was Monday, June 30th. This is a positive change from National Fuel Gas's previous quarterly dividend of $0.52. This represents a $2.14 dividend on an annualized basis and a dividend yield of 2.5%. National Fuel Gas's dividend payout ratio (DPR) is currently 80.45%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Scotiabank reissued an "outperform" rating on shares of National Fuel Gas in a research report on Wednesday, August 13th. Zacks Research downgraded shares of National Fuel Gas from a "strong-buy" rating to a "hold" rating in a report on Monday. Wall Street Zen downgraded shares of National Fuel Gas from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Finally, Bank of America raised shares of National Fuel Gas from an "underperform" rating to a "buy" rating and upped their price objective for the stock from $85.00 to $107.00 in a report on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $96.67.

National Fuel Gas 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.