Edmp Inc. Sells 1,234 Shares of National Fuel Gas Company $NFG

Edmp Inc. trimmed its holdings in shares of National Fuel Gas Company (NYSE:NFG) by 3.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,476 shares of the oil and gas producer’s stock after selling 1,234 shares during the period. National Fuel Gas comprises approximately 2.5% of Edmp Inc.’s investment portfolio, making the stock its 11th largest holding. Edmp Inc.’s holdings in National Fuel Gas were worth $2,920,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. LSV Asset Management raised its stake in shares of National Fuel Gas by 29.6% during the 1st quarter. LSV Asset Management now owns 2,153,236 shares of the oil and gas producer’s stock worth $170,515,000 after purchasing an additional 491,890 shares during the period. Gamco Investors INC. ET AL raised its stake in shares of National Fuel Gas by 3.3% during the 1st quarter. Gamco Investors INC. ET AL now owns 1,495,867 shares of the oil and gas producer’s stock worth $118,458,000 after purchasing an additional 48,202 shares during the period. Northern Trust Corp raised its stake in shares of National Fuel Gas by 15.3% during the 1st quarter. Northern Trust Corp now owns 1,174,783 shares of the oil and gas producer’s stock worth $93,031,000 after purchasing an additional 155,711 shares during the period. Bank of New York Mellon Corp raised its stake in shares of National Fuel Gas by 2.1% during the 1st quarter. Bank of New York Mellon Corp now owns 1,104,852 shares of the oil and gas producer’s stock worth $87,493,000 after purchasing an additional 22,320 shares during the period. Finally, Invesco Ltd. raised its stake in National Fuel Gas by 93.7% in the 1st quarter. Invesco Ltd. now owns 951,069 shares of the oil and gas producer’s stock valued at $75,315,000 after acquiring an additional 460,100 shares during the period. 73.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on NFG shares. Bank of America upgraded 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 research note on Tuesday, July 15th. Zacks Research cut National Fuel Gas from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Wall Street Zen cut National Fuel Gas from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Weiss Ratings restated a “hold (c)” rating on shares of National Fuel Gas in a research note on Saturday, September 27th. Finally, Scotiabank cut National Fuel Gas from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from $102.00 to $106.00 in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $98.00.

National Fuel Gas Stock Up 0.1%

Shares of NYSE NFG opened at $84.83 on Tuesday. National Fuel Gas Company has a 12 month low of $58.82 and a 12 month high of $94.13. The company has a current ratio of 0.46, a quick ratio of 0.39 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $7.67 billion, a price-to-earnings ratio of 31.89, a PEG ratio of 0.42 and a beta of 0.58. The business has a 50-day moving average of $87.88 and a 200-day moving average of $84.06.

National Fuel Gas (NYSE:NFG) last issued its quarterly earnings data on Wednesday, July 30th. The oil and gas producer reported $1.64 EPS for the quarter, topping the consensus estimate 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 company had revenue of $531.83 million during the quarter, compared to analyst estimates of $596.12 million. During the same quarter in the previous year, the firm earned $0.99 earnings per share. National Fuel Gas’s revenue was up 27.4% on a year-over-year basis. National Fuel Gas has set its FY 2026 guidance at 8.000-8.500 EPS. FY 2025 guidance at 6.800-6.950 EPS. Sell-side analysts expect that National Fuel Gas Company will post 6.64 earnings per share for the current fiscal year.

National Fuel Gas Dividend Announcement

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