National Fuel Gas Company $NFG Shares Purchased by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC increased its stake in National Fuel Gas Company by 5.4%, owning approximately 0.27% of the company worth $19.1 million after purchasing an additional 12,294 shares in the first quarter.
• National Fuel Gas recently reported earnings of $1.64 per share, exceeding estimates by $0.14, and announced a quarterly dividend of $0.535 to be paid on October 15th, representing a 2.4% yield.
• The stock has a market cap of $7.97 billion and has shown significant interest from institutional investors, with hedge funds owning 73.96% of the shares.

Voya Investment Management LLC increased its stake in National Fuel Gas Company (NYSE:NFG - Free Report) by 5.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 241,379 shares of the oil and gas producer's stock after buying an additional 12,294 shares during the quarter. Voya Investment Management LLC owned about 0.27% of National Fuel Gas worth $19,115,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in NFG. Strs Ohio bought a new stake in shares of National Fuel Gas during the first quarter worth $3,295,000. Acadian Asset Management LLC bought a new stake in shares of National Fuel Gas during the first quarter worth $138,000. Focus Partners Wealth lifted its position in shares of National Fuel Gas by 79.5% during the first quarter. Focus Partners Wealth now owns 12,729 shares of the oil and gas producer's stock worth $1,008,000 after purchasing an additional 5,638 shares during the last quarter. Bayforest Capital Ltd lifted its position in shares of National Fuel Gas by 16,186.7% during the first quarter. Bayforest Capital Ltd now owns 4,886 shares of the oil and gas producer's stock worth $387,000 after purchasing an additional 4,856 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of National Fuel Gas by 3.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 220,730 shares of the oil and gas producer's stock worth $17,480,000 after purchasing an additional 8,304 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors.

National Fuel Gas Stock Down 1.1%

Shares of NFG stock traded down $0.92 during trading hours on Friday, reaching $86.46. 1,125,648 shares of the company's stock were exchanged, compared to its average volume of 445,660. The stock's fifty day moving average price is $87.17 and its two-hundred day moving average price is $82.52. The stock has a market cap of $7.81 billion, a PE ratio of 32.50, a PEG ratio of 0.52 and a beta of 0.61. National Fuel Gas Company has a 1 year low of $58.82 and a 1 year high of $89.82. 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 issued its earnings results on Wednesday, July 30th. The oil and gas producer reported $1.64 EPS for the quarter, beating analysts' consensus estimates of $1.50 by $0.14. The firm had revenue of $531.83 million for the quarter, compared to analyst estimates of $596.12 million. National Fuel Gas had a return on equity of 20.81% and a net margin of 11.15%.National Fuel Gas's revenue for the quarter was up 27.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.99 earnings per share. National Fuel Gas has set its FY 2026 guidance at 8.000-8.500 EPS. FY 2025 guidance at 6.800-6.950 EPS. Research analysts predict that National Fuel Gas Company will post 6.64 EPS for the current year.

National Fuel Gas Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NFG. Zacks Research downgraded National Fuel Gas from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. Wall Street Zen downgraded National Fuel Gas from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Scotiabank restated an "outperform" rating on shares of National Fuel Gas in a report on Wednesday, August 13th. Finally, Bank of America upgraded National Fuel Gas from an "underperform" rating to a "buy" rating and lifted their price objective for the company from $85.00 to $107.00 in a report on Tuesday, July 15th. 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus 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.