Keybank National Association OH Sells 7,732 Shares of National Fuel Gas Company $NFG

Keybank National Association OH reduced its holdings in shares of National Fuel Gas Company (NYSE:NFG) by 17.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,359 shares of the oil and gas producer’s stock after selling 7,732 shares during the quarter. Keybank National Association OH’s holdings in National Fuel Gas were worth $2,991,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC acquired a new stake in National Fuel Gas in the 3rd quarter worth about $5,228,000. Citigroup Inc. raised its stake in National Fuel Gas by 51.7% in the 3rd quarter. Citigroup Inc. now owns 64,112 shares of the oil and gas producer’s stock worth $5,922,000 after purchasing an additional 21,861 shares in the last quarter. Nordea Investment Management AB raised its stake in National Fuel Gas by 15.2% in the 3rd quarter. Nordea Investment Management AB now owns 103,374 shares of the oil and gas producer’s stock worth $9,541,000 after purchasing an additional 13,620 shares in the last quarter. Gotham Asset Management LLC raised its stake in National Fuel Gas by 74.9% in the 3rd quarter. Gotham Asset Management LLC now owns 521,928 shares of the oil and gas producer’s stock worth $48,210,000 after purchasing an additional 223,459 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP raised its stake in National Fuel Gas by 158.7% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 95,206 shares of the oil and gas producer’s stock worth $8,794,000 after purchasing an additional 58,399 shares in the last quarter. 73.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on NFG. Zacks Research raised shares of National Fuel Gas from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. KeyCorp began coverage on shares of National Fuel Gas in a report on Tuesday, April 7th. They issued an “overweight” rating and a $110.00 target price on the stock. Finally, Scotiabank set a $101.00 target price on shares of National Fuel Gas in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $106.00.

National Fuel Gas Price Performance

NFG stock opened at $83.05 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.62 and a debt-to-equity ratio of 0.55. National Fuel Gas Company has a 12 month low of $77.22 and a 12 month high of $97.06. The firm has a market cap of $7.89 billion, a P/E ratio of 11.24, a P/E/G ratio of 1.19 and a beta of 0.41. The company’s 50-day moving average price is $91.69 and its two-hundred day moving average price is $85.37.

National Fuel Gas (NYSE:NFG) last released its earnings results on Wednesday, April 29th. The oil and gas producer reported $2.71 EPS for the quarter, missing the consensus estimate of $2.85 by ($0.14). National Fuel Gas had a net margin of 27.48% and a return on equity of 20.62%. The firm had revenue of $858.37 million during the quarter, compared to the consensus estimate of $856.57 million. During the same period in the prior year, the business earned $2.39 earnings per share. National Fuel Gas’s quarterly revenue was up 17.6% compared to the same quarter last year. National Fuel Gas has set its FY 2026 guidance at 7.450-7.750 EPS. On average, analysts anticipate that National Fuel Gas Company will post 7.72 earnings per share for the current fiscal year.

National Fuel Gas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a dividend of $0.535 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.14 annualized dividend and a dividend yield of 2.6%. National Fuel Gas’s payout ratio is 29.85%.

Trending Headlines about National Fuel Gas

Here are the key news stories impacting National Fuel Gas this week:

• Positive Sentiment: Management reiterated FY2026 guidance of $7.45–$7.75 EPS and struck a confident tone on the earnings call, which supports forward expectations and reduces uncertainty around full-year targets. National Fuel Gas Earnings Call Signals Resilient Growth
• Positive Sentiment: Q2 showed higher revenue and net income year-over-year and a solid return on equity, indicating the business model still generates healthy margins despite headwinds. National Fuel Gas Q2 Earnings Lag Estimates, Revenues Increase Y/Y
• Neutral Sentiment: Company is advancing a $93M Line N pipeline upgrade targeted for late 2028 — a long-term infrastructure lift that should support volumes and reliability but increases near-term capital commitments. National Fuel outlines $7.45-$7.75 EPS guidance while advancing $93M Line N upgrade for late 2028
• Neutral Sentiment: Management is exploring acquiring a larger Erie office (adding ~80 jobs), signaling investment in workforce and operations growth in the region; impact on earnings is modest but positive for long-term capacity. Erie office building was once home to Hammermill. NFG eyes buying it
• Negative Sentiment: Adjusted EPS missed consensus, largely attributed to declining production volumes this quarter — the primary near-term catalyst dragging the stock down. National Fuel Gas Q2 Earnings Lag Estimates, Revenues Increase Y/Y
• Negative Sentiment: Planned capex (Line N) and any reallocation of cash to upgrades could pressure near-term free cash flow and create execution risk on timing/costs — a concern for income-focused investors given the company’s dividend profile. National Fuel outlines $7.45-$7.75 EPS guidance while advancing $93M Line N upgrade for late 2028

National Fuel Gas Profile

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.