Vanguard Group Inc. Has $974.40 Million Stake in National Fuel Gas Company $NFG

Key Points

• Vanguard Group Inc. trimmed its Q4 holding by 0.5% and now owns 12,170,906 shares — a 12.81% stake in National Fuel Gas valued at about $974.4 million.
• National Fuel Gas reported Q2 EPS of $2.71 (missing consensus of $2.85) while revenue rose 17.6% to $858.4M, management reiterated FY2026 guidance of $7.45–$7.75, and analysts carry a consensus "Moderate Buy" with a ~$106 target.
• The company pays a quarterly dividend of $0.535 (annualized $2.14, yield ~2.6%), but is advancing a $93M Line N pipeline upgrade that could pressure near-term free cash flow and add execution risk.

Vanguard Group Inc. decreased its position in shares of National Fuel Gas Company (NYSE:NFG - Free Report) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,170,906 shares of the oil and gas producer's stock after selling 60,166 shares during the period. Vanguard Group Inc. owned 12.81% of National Fuel Gas worth $974,403,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new position in National Fuel Gas during the 3rd quarter worth $29,000. Richardson Financial Services Inc. lifted its position in National Fuel Gas by 88.5% during the 3rd quarter. Richardson Financial Services Inc. now owns 360 shares of the oil and gas producer's stock worth $33,000 after acquiring an additional 169 shares during the last quarter. Hantz Financial Services Inc. lifted its position in National Fuel Gas by 105.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 423 shares of the oil and gas producer's stock worth $39,000 after acquiring an additional 217 shares during the last quarter. True Wealth Design LLC increased its holdings in shares of National Fuel Gas by 3,883.3% during the 3rd quarter. True Wealth Design LLC now owns 478 shares of the oil and gas producer's stock worth $44,000 after purchasing an additional 466 shares during the period. Finally, Eastern Bank bought a new position in shares of National Fuel Gas during the 4th quarter worth about $42,000. Institutional investors and hedge funds own 73.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on NFG shares. Zacks Research upgraded shares of National Fuel Gas from a "strong sell" rating to a "hold" rating in a report on Monday, March 9th. KeyCorp started coverage on shares of National Fuel Gas in a report on Tuesday, April 7th. They set an "overweight" rating and a $110.00 price objective on the stock. Finally, Scotiabank set a $101.00 price objective on shares of National Fuel Gas in a report on Wednesday, January 21st. One equities research 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 company. Based on data from MarketBeat, National Fuel Gas has an average rating of "Moderate Buy" and a consensus target price of $106.00.

Trending Headlines about National Fuel Gas

Here are the key news stories impacting National Fuel Gas this week:

• Positive Sentiment: Management reiterated FY2026 guidance of $7.45–$7.75 EPS and struck a confident tone on the earnings call, which supports forward expectations and reduces uncertainty around full-year targets. National Fuel Gas Earnings Call Signals Resilient Growth
• Positive Sentiment: Q2 showed higher revenue and net income year-over-year and a solid return on equity, indicating the business model still generates healthy margins despite headwinds. National Fuel Gas Q2 Earnings Lag Estimates, Revenues Increase Y/Y
• Neutral Sentiment: Company is advancing a $93M Line N pipeline upgrade targeted for late 2028 — a long-term infrastructure lift that should support volumes and reliability but increases near-term capital commitments. National Fuel outlines $7.45-$7.75 EPS guidance while advancing $93M Line N upgrade for late 2028
• Neutral Sentiment: Management is exploring acquiring a larger Erie office (adding ~80 jobs), signaling investment in workforce and operations growth in the region; impact on earnings is modest but positive for long-term capacity. Erie office building was once home to Hammermill. NFG eyes buying it
• Negative Sentiment: Adjusted EPS missed consensus, largely attributed to declining production volumes this quarter — the primary near-term catalyst dragging the stock down. National Fuel Gas Q2 Earnings Lag Estimates, Revenues Increase Y/Y
• Negative Sentiment: Planned capex (Line N) and any reallocation of cash to upgrades could pressure near-term free cash flow and create execution risk on timing/costs — a concern for income-focused investors given the company’s dividend profile. National Fuel outlines $7.45-$7.75 EPS guidance while advancing $93M Line N upgrade for late 2028

National Fuel Gas Stock Performance

NYSE:NFG opened at $83.05 on Friday. The firm's 50-day moving average is $91.69 and its 200-day moving average is $85.37. National Fuel Gas Company has a 52-week low of $77.22 and a 52-week high of $97.06. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.59 and a current ratio of 0.62. The company has a market cap of $7.89 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 1.19 and a beta of 0.41.

National Fuel Gas (NYSE:NFG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The oil and gas producer reported $2.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.85 by ($0.14). National Fuel Gas had a return on equity of 20.62% and a net margin of 27.48%.The company had revenue of $858.37 million for the quarter, compared to the consensus estimate of $856.57 million. During the same quarter in the previous year, the firm posted $2.39 EPS. The business's revenue for the quarter was up 17.6% compared to the same quarter last year. National Fuel Gas has set its FY 2026 guidance at 7.450-7.750 EPS. Equities research analysts anticipate that National Fuel Gas Company will post 7.72 earnings per share for the current year.

National Fuel Gas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a $0.535 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.14 dividend on an annualized basis and a yield of 2.6%. 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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