Tocqueville Asset Management L.P. Cuts Stock Holdings in National Fuel Gas Company $NFG

Tocqueville Asset Management L.P. cut its stake in National Fuel Gas Company (NYSE:NFG) by 28.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 281,200 shares of the oil and gas producer’s stock after selling 111,005 shares during the period. Tocqueville Asset Management L.P.’s holdings in National Fuel Gas were worth $25,974,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp raised its position in National Fuel Gas by 3.4% in the 2nd quarter. State Street Corp now owns 4,035,345 shares of the oil and gas producer’s stock valued at $343,962,000 after purchasing an additional 132,855 shares in the last quarter. Energy Income Partners LLC grew its position in shares of National Fuel Gas by 2.1% during the second quarter. Energy Income Partners LLC now owns 2,295,208 shares of the oil and gas producer’s stock worth $194,427,000 after buying an additional 46,616 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of National Fuel Gas by 0.3% during the second quarter. Geode Capital Management LLC now owns 1,693,980 shares of the oil and gas producer’s stock worth $143,531,000 after buying an additional 4,995 shares during the period. Gamco Investors INC. ET AL raised its holdings in National Fuel Gas by 1.0% in the second quarter. Gamco Investors INC. ET AL now owns 1,510,907 shares of the oil and gas producer’s stock valued at $127,989,000 after acquiring an additional 15,040 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in National Fuel Gas by 23.9% in the third quarter. Invesco Ltd. now owns 1,117,052 shares of the oil and gas producer’s stock valued at $103,182,000 after acquiring an additional 215,641 shares in the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NFG has been the subject of several analyst reports. Zacks Research upgraded shares of National Fuel Gas from a “strong sell” rating to a “hold” rating in a report on Monday. Weiss Ratings restated a “buy (b-)” rating on shares of National Fuel Gas in a report on Monday, December 29th. Finally, Scotiabank set a $101.00 price objective on shares of National Fuel Gas in a research report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $104.00.

National Fuel Gas Stock Up 2.3%

Shares of NYSE NFG traded up $2.14 during midday trading on Friday, hitting $95.88. 153,654 shares of the company’s stock were exchanged, compared to its average volume of 783,997. The firm’s fifty day simple moving average is $85.42 and its 200-day simple moving average is $84.49. The company has a market cap of $9.11 billion, a PE ratio of 13.38, a P/E/G ratio of 1.19 and a beta of 0.57. National Fuel Gas Company has a twelve month low of $69.93 and a twelve month high of $95.83. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.65 and a quick ratio of 0.59.

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

National Fuel Gas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $0.535 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $2.14 annualized dividend and a dividend yield of 2.2%. National Fuel Gas’s dividend payout ratio is presently 29.85%.

National Fuel Gas Company 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.