WNY Asset Management LLC Invests $2.97 Million in National Fuel Gas Company $NFG

WNY Asset Management LLC acquired a new stake in National Fuel Gas Company (NYSE:NFG) in the 1st quarter, HoldingsChannel reports. The fund acquired 31,571 shares of the oil and gas producer’s stock, valued at approximately $2,966,000.

Several other hedge funds and other institutional investors have also made changes to their positions in NFG. Phocas Financial Corp. acquired a new stake in National Fuel Gas in the fourth quarter valued at $7,086,000. Oppenheimer & Co. Inc. increased its stake in shares of National Fuel Gas by 84.6% during the 4th quarter. Oppenheimer & Co. Inc. now owns 61,728 shares of the oil and gas producer’s stock worth $4,942,000 after purchasing an additional 28,293 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of National Fuel Gas during the 1st quarter worth about $63,863,000. Allspring Global Investments Holdings LLC increased its stake in shares of National Fuel Gas by 8.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 315,753 shares of the oil and gas producer’s stock worth $25,911,000 after purchasing an additional 24,988 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of National Fuel Gas by 294.9% in the 4th quarter. KBC Group NV now owns 13,976 shares of the oil and gas producer’s stock valued at $1,119,000 after purchasing an additional 10,437 shares during the period. 73.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on NFG shares. Wall Street Zen downgraded shares of National Fuel Gas from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings cut National Fuel Gas from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 21st. Finally, KeyCorp started coverage on National Fuel Gas in a research note on Tuesday, April 7th. They set an “overweight” rating and a $110.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $105.50.

National Fuel Gas Stock Performance

NYSE NFG opened at $82.23 on Friday. The firm has a 50-day moving average of $78.77 and a 200-day moving average of $84.52. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.55 and a current ratio of 3.20. The stock has a market cap of $7.82 billion, a PE ratio of 11.42, a P/E/G ratio of 1.83 and a beta of 0.37. National Fuel Gas Company has a 52-week low of $75.17 and a 52-week high of $97.06.

National Fuel Gas (NYSE:NFG) last announced its quarterly earnings results on Wednesday, July 29th. The oil and gas producer reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.10. The business had revenue of $537.50 million for the quarter, compared to analyst estimates of $564.33 million. National Fuel Gas had a net margin of 26.97% and a return on equity of 19.04%. National Fuel Gas’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.64 EPS. National Fuel Gas has set its FY 2026 guidance at 7.400-7.600 EPS. On average, sell-side analysts anticipate that National Fuel Gas Company will post 7.5 EPS for the current year.

National Fuel Gas Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 2.7%. This is an increase from National Fuel Gas’s previous quarterly dividend of $0.54. The ex-dividend date was Tuesday, June 30th. National Fuel Gas’s dividend payout ratio is 30.83%.

About National Fuel Gas

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.