National Fuel Gas Company $NFG Shares Sold by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP has reduced its stake in National Fuel Gas Company by 45.8%, selling 66,104 shares and holding 78,213 shares worth $6,194,000 at the end of the reporting period.
• National Fuel Gas announced a new quarterly dividend of $0.535 per share, up from the previous $0.52, representing an annual yield of 2.5%.
• Analysts' ratings for National Fuel Gas show mixed sentiments, with one "Strong Buy," two "Buy," and two "Hold" ratings, and a consensus target price of $96.67.

Wellington Management Group LLP lessened its stake in shares of National Fuel Gas Company (NYSE:NFG - Free Report) by 45.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 78,213 shares of the oil and gas producer's stock after selling 66,104 shares during the period. Wellington Management Group LLP owned 0.09% of National Fuel Gas worth $6,194,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Assetmark Inc. raised its holdings in shares of National Fuel Gas by 9,475.0% during the 1st quarter. Assetmark Inc. now owns 383 shares of the oil and gas producer's stock worth $30,000 after acquiring an additional 379 shares during the period. Inlight Wealth Management LLC purchased a new position in shares of National Fuel Gas during the 1st quarter worth $40,000. Cranbrook Wealth Management LLC purchased a new position in shares of National Fuel Gas during the 1st quarter worth $40,000. Quarry LP purchased a new position in shares of National Fuel Gas during the 4th quarter worth $32,000. Finally, Ameriflex Group Inc. purchased a new position in shares of National Fuel Gas during the 4th quarter worth $36,000. Hedge funds and other institutional investors own 73.96% of the company's stock.

Wall Street Analysts Forecast Growth

NFG has been the topic of several analyst reports. Zacks Research lowered National Fuel Gas from a "strong-buy" rating to a "hold" rating in a report on Monday, August 18th. Scotiabank reiterated an "outperform" rating on shares of National Fuel Gas in a report on Wednesday, August 13th. Bank of America upgraded shares of National Fuel Gas from an "underperform" rating to a "buy" rating and boosted their price objective for the company from $85.00 to $107.00 in a report on Tuesday, July 15th. Finally, Wall Street Zen lowered shares of National Fuel Gas from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $96.67.

National Fuel Gas Trading Down 0.3%

NYSE NFG traded down $0.24 during trading on Friday, hitting $86.71. The stock had a trading volume of 406,071 shares, compared to its average volume of 556,931. The company has a market capitalization of $7.83 billion, a PE ratio of 32.60, a PEG ratio of 0.51 and a beta of 0.61. The company has a quick ratio of 0.39, a current ratio of 0.46 and a debt-to-equity ratio of 0.80. The firm has a 50 day moving average price of $86.27 and a 200 day moving average price of $81.24. National Fuel Gas Company has a twelve month low of $58.50 and a twelve month high of $89.82.

National Fuel Gas (NYSE:NFG - Get Free Report) last released its earnings results on Wednesday, July 30th. The oil and gas producer reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.14. The company had revenue of $531.83 million during the quarter, compared to the consensus estimate 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 was up 27.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.99 EPS. 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 forecast that National Fuel Gas Company will post 6.64 earnings per share for the current year.

National Fuel Gas Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a $0.535 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $2.14 annualized dividend and a yield of 2.5%. This is an increase from National Fuel Gas's previous quarterly dividend of $0.52. National Fuel Gas's dividend payout ratio is presently 80.45%.

National Fuel Gas Company 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.