Greenwood Capital Associates LLC Has $555,000 Stock Holdings in National Fuel Gas Company $NFG

Greenwood Capital Associates LLC cut its holdings in shares of National Fuel Gas Company (NYSE:NFG) by 32.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,554 shares of the oil and gas producer’s stock after selling 3,167 shares during the period. Greenwood Capital Associates LLC’s holdings in National Fuel Gas were worth $555,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of National Fuel Gas by 12.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,195 shares of the oil and gas producer’s stock worth $922,000 after buying an additional 1,741 shares in the last quarter. GAMMA Investing LLC grew its position in National Fuel Gas by 13,154.2% in the first quarter. GAMMA Investing LLC now owns 131,614 shares of the oil and gas producer’s stock valued at $10,423,000 after acquiring an additional 130,621 shares during the last quarter. NBC Securities Inc. grew its position in National Fuel Gas by 114,750.0% in the first quarter. NBC Securities Inc. now owns 2,297 shares of the oil and gas producer’s stock valued at $181,000 after acquiring an additional 2,295 shares during the last quarter. Cranbrook Wealth Management LLC bought a new position in National Fuel Gas in the first quarter valued at about $40,000. Finally, Gateway Investment Advisers LLC bought a new position in National Fuel Gas in the first quarter valued at about $233,000. 73.96% of the stock is currently owned by institutional investors.

National Fuel Gas Stock Performance

Shares of National Fuel Gas stock opened at $88.63 on Friday. The company has a market cap of $8.01 billion, a PE ratio of 33.32, a price-to-earnings-growth ratio of 0.44 and a beta of 0.58. National Fuel Gas Company has a 52 week low of $58.82 and a 52 week high of $94.13. The business has a 50 day moving average price of $87.90 and a 200-day moving average price of $83.64. The company has a quick ratio of 0.39, a current ratio of 0.46 and a debt-to-equity ratio of 0.80.

National Fuel Gas (NYSE:NFG) last announced its quarterly earnings results on Wednesday, July 30th. The oil and gas producer reported $1.64 earnings per share (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 business had revenue of $531.83 million during the quarter, compared to the consensus estimate of $596.12 million. During the same quarter in the prior year, the company posted $0.99 earnings per share. National Fuel Gas’s 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. Equities analysts anticipate that National Fuel Gas Company will post 6.64 earnings per share for the current fiscal year.

National Fuel Gas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 30th. National Fuel Gas’s dividend payout ratio (DPR) is presently 80.45%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on NFG shares. Zacks Research downgraded shares of National Fuel Gas from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Bank of America raised shares of National Fuel Gas from an “underperform” rating to a “buy” rating and increased their price objective for the company from $85.00 to $107.00 in a research note on Tuesday, July 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of National Fuel Gas in a report on Saturday, September 27th. Wall Street Zen downgraded shares of National Fuel Gas from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Finally, Scotiabank restated an “outperform” rating on shares of National Fuel Gas in a research report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, National Fuel Gas presently has an average rating of “Moderate Buy” and an average target price of $96.67.

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.