Truist Financial Corp Has $316,000 Position in National Fuel Gas Company $NFG

Key Points

• Truist Financial Corp has significantly reduced its stake in National Fuel Gas Company by 63.5%, selling 6,504 shares, leaving them with 3,732 shares valued at approximately $316,000.
• National Fuel Gas reported earnings of $1.64 per share, surpassing analysts' expectations, and achieving a revenue increase of 27.4% year-over-year despite falling short of consensus estimates.
• Analyst ratings for National Fuel Gas have been mixed, with changes including a downgrade from Wall Street Zen and a price target increase from Scotiabank, reflecting varied investor sentiment.

Truist Financial Corp reduced its position in shares of National Fuel Gas Company (NYSE:NFG - Free Report) by 63.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,732 shares of the oil and gas producer's stock after selling 6,504 shares during the period. Truist Financial Corp's holdings in National Fuel Gas were worth $316,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Assetmark Inc. boosted its position in shares of National Fuel Gas by 9,475.0% during the first quarter. Assetmark Inc. now owns 383 shares of the oil and gas producer's stock worth $30,000 after buying an additional 379 shares during the period. Oliver Lagore Vanvalin Investment Group acquired a new position in National Fuel Gas during the second quarter valued at approximately $30,000. Northwestern Mutual Wealth Management Co. boosted its position in National Fuel Gas by 316.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 400 shares of the oil and gas producer's stock valued at $32,000 after purchasing an additional 304 shares during the last quarter. Inlight Wealth Management LLC acquired a new position in National Fuel Gas during the first quarter valued at approximately $40,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in National Fuel Gas during the first quarter valued at approximately $55,000. 73.96% of the stock is owned by institutional investors and hedge funds.

National Fuel Gas Trading Up 0.5%

Shares of NFG stock opened at $85.69 on Friday. The stock's fifty day moving average price is $87.73 and its two-hundred day moving average price is $84.16. The company has a market cap of $7.74 billion, a PE ratio of 32.22, a P/E/G ratio of 0.43 and a beta of 0.58. National Fuel Gas Company has a fifty-two week low of $58.82 and a fifty-two week high of $94.13. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.39 and a current ratio of 0.46.

National Fuel Gas (NYSE:NFG - Get Free Report) last issued its 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 the consensus estimate of $596.12 million. During the same quarter last year, the business posted $0.99 EPS. The company'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. Equities analysts predict that National Fuel Gas Company will post 6.64 EPS for the current fiscal year.

National Fuel Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a dividend of $0.535 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.14 annualized dividend and a dividend yield of 2.5%. National Fuel Gas's dividend payout ratio (DPR) is 80.45%.

Analysts Set New Price Targets

Several analysts have issued reports on NFG shares. Wall Street Zen lowered National Fuel Gas from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Scotiabank lowered National Fuel Gas from an "outperform" rating to a "sector perform" rating and upped their price objective for the company from $102.00 to $106.00 in a research note on Thursday, October 9th. Zacks Research lowered National Fuel Gas from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 18th. Bank of America upgraded 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, Weiss Ratings restated a "hold (c+)" rating on shares of National Fuel Gas in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $98.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.