PNC Financial Services Group Inc. Has $5.26 Million Holdings in National Fuel Gas Company $NFG

PNC Financial Services Group Inc. lessened its holdings in National Fuel Gas Company (NYSE:NFG) by 23.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,889 shares of the oil and gas producer’s stock after selling 17,092 shares during the quarter. PNC Financial Services Group Inc.’s holdings in National Fuel Gas were worth $5,255,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Root Financial Partners LLC acquired a new stake in National Fuel Gas in the 3rd quarter valued at $29,000. Richardson Financial Services Inc. grew its holdings in shares of National Fuel Gas by 88.5% in the 3rd quarter. Richardson Financial Services Inc. now owns 360 shares of the oil and gas producer’s stock valued at $33,000 after acquiring an additional 169 shares in the last quarter. Golden State Wealth Management LLC increased its position in shares of National Fuel Gas by 355.1% in the second quarter. Golden State Wealth Management LLC now owns 405 shares of the oil and gas producer’s stock valued at $34,000 after acquiring an additional 316 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in National Fuel Gas by 105.3% during the third quarter. Hantz Financial Services Inc. now owns 423 shares of the oil and gas producer’s stock worth $39,000 after acquiring an additional 217 shares in the last quarter. Finally, True Wealth Design LLC boosted its position in National Fuel Gas by 3,883.3% during the third quarter. True Wealth Design LLC now owns 478 shares of the oil and gas producer’s stock valued at $44,000 after purchasing an additional 466 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

NFG has been the subject of a number of analyst reports. Zacks Research downgraded National Fuel Gas from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 21st. Scotiabank set a $101.00 target price on shares of National Fuel Gas in a research note on Wednesday, January 21st. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of National Fuel Gas in a report on Monday, December 29th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $96.33.

National Fuel Gas Stock Performance

NFG opened at $87.89 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 0.58. National Fuel Gas Company has a 12-month low of $69.93 and a 12-month high of $94.13. The business has a 50 day moving average of $82.50 and a 200-day moving average of $84.07. The stock has a market cap of $8.35 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 1.11 and a beta of 0.60.

National Fuel Gas (NYSE:NFG) last posted its earnings results on Wednesday, January 28th. The oil and gas producer reported $2.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.15. National Fuel Gas had a return on equity of 21.45% and a net margin of 27.65%.The business had revenue of $651.51 million for the quarter, compared to analyst estimates of $650.70 million. During the same period in the previous year, the firm earned $1.66 EPS. The firm’s revenue was up 18.6% compared to the same quarter last year. National Fuel Gas has set its FY 2026 guidance at 7.600-8.100 EPS. On average, equities research analysts expect that National Fuel Gas Company will post 6.64 earnings per share for the current year.

National Fuel Gas Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Wednesday, December 31st. National Fuel Gas’s dividend payout ratio (DPR) is currently 29.85%.

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.