Waldron Private Wealth LLC Trims Stake in National Fuel Gas Company $NFG

Waldron Private Wealth LLC lessened its holdings in shares of National Fuel Gas Company (NYSE:NFG) by 27.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,183 shares of the oil and gas producer’s stock after selling 1,204 shares during the quarter. Waldron Private Wealth LLC’s holdings in National Fuel Gas were worth $271,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Parallel Advisors LLC lifted its stake in shares of National Fuel Gas by 2.8% during the 2nd quarter. Parallel Advisors LLC now owns 4,784 shares of the oil and gas producer’s stock worth $405,000 after purchasing an additional 129 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of National Fuel Gas by 3.0% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,285 shares of the oil and gas producer’s stock worth $419,000 after purchasing an additional 156 shares during the period. US Bancorp DE lifted its stake in shares of National Fuel Gas by 0.6% during the 2nd quarter. US Bancorp DE now owns 25,766 shares of the oil and gas producer’s stock worth $2,183,000 after purchasing an additional 161 shares during the period. Horizon Investment Services LLC lifted its stake in shares of National Fuel Gas by 2.5% during the 1st quarter. Horizon Investment Services LLC now owns 6,618 shares of the oil and gas producer’s stock worth $524,000 after purchasing an additional 162 shares during the period. Finally, UMB Bank n.a. lifted its stake in shares of National Fuel Gas by 19.6% during the 2nd quarter. UMB Bank n.a. now owns 1,012 shares of the oil and gas producer’s stock worth $86,000 after purchasing an additional 166 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

National Fuel Gas Stock Down 0.5%

Shares of National Fuel Gas stock opened at $81.73 on Monday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.46 and a quick ratio of 0.39. National Fuel Gas Company has a 1-year low of $58.82 and a 1-year high of $94.13. The business has a 50-day moving average of $87.26 and a 200-day moving average of $84.57. The company has a market capitalization of $7.39 billion, a PE ratio of 30.73, a P/E/G ratio of 0.47 and a beta of 0.58.

National Fuel Gas (NYSE:NFG) last issued its quarterly earnings results 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 net margin of 11.15% and a return on equity of 20.81%. The business had revenue of $531.83 million for the quarter, compared to analysts’ expectations of $596.12 million. During the same quarter last year, the company posted $0.99 earnings per share. The company’s quarterly revenue was up 27.4% compared to the same quarter last year. 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 analysts forecast that National Fuel Gas Company will post 6.64 EPS for the current fiscal year.

National Fuel Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Tuesday, September 30th. National Fuel Gas’s dividend payout ratio (DPR) is currently 80.45%.

Analyst Ratings Changes

A number of brokerages have weighed in on NFG. Bank of America raised National Fuel Gas from an “underperform” rating to a “buy” rating and increased their price target for the stock from $85.00 to $107.00 in a research note on Tuesday, July 15th. Zacks Research downgraded National Fuel Gas from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Weiss Ratings restated a “hold (c+)” rating on shares of National Fuel Gas in a report on Tuesday, October 14th. Wall Street Zen downgraded National Fuel Gas from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Finally, Scotiabank downgraded National Fuel Gas from an “outperform” rating to a “sector perform” rating and upped their price objective for the stock from $102.00 to $106.00 in a report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, National Fuel Gas currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.00.

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.