National Fuel Gas Company $NFG Position Increased by New York State Common Retirement Fund

New York State Common Retirement Fund raised its stake in National Fuel Gas Company (NYSE:NFG) by 20.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 41,956 shares of the oil and gas producer’s stock after acquiring an additional 7,100 shares during the period. New York State Common Retirement Fund’s holdings in National Fuel Gas were worth $3,875,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. TD Waterhouse Canada Inc. grew its holdings in shares of National Fuel Gas by 12.3% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 31,952 shares of the oil and gas producer’s stock worth $2,958,000 after acquiring an additional 3,494 shares during the last quarter. Truist Financial Corp increased its stake in National Fuel Gas by 52.1% in the 3rd quarter. Truist Financial Corp now owns 5,675 shares of the oil and gas producer’s stock worth $524,000 after purchasing an additional 1,943 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in National Fuel Gas by 5.4% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 17,536 shares of the oil and gas producer’s stock worth $1,620,000 after purchasing an additional 898 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in National Fuel Gas during the 3rd quarter worth about $585,000. Finally, Resona Asset Management Co. Ltd. purchased a new stake in National Fuel Gas during the third quarter valued at about $401,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Zacks Research lowered shares of National Fuel Gas from a “hold” rating to a “strong sell” rating in a report 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 investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $96.33.

National Fuel Gas Stock Performance

Shares of NFG opened at $85.94 on Friday. The company has a market capitalization of $8.17 billion, a PE ratio of 11.99, a PEG ratio of 1.08 and a beta of 0.60. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.59 and a current ratio of 0.65. The company’s 50 day moving average price is $81.71 and its 200 day moving average price is $84.13. National Fuel Gas Company has a 52 week low of $69.93 and a 52 week high of $94.13.

National Fuel Gas (NYSE:NFG) last issued its 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. National Fuel Gas had a net margin of 27.65% and a return on equity of 21.45%. The company had revenue of $651.51 million during the quarter, compared to analyst estimates of $650.70 million. During the same quarter last year, the business posted $1.66 EPS. The company’s revenue for the quarter was up 18.6% on a year-over-year basis. National Fuel Gas has set its FY 2026 guidance at 7.600-8.100 EPS. Research analysts expect that National Fuel Gas Company will post 6.64 EPS for the current fiscal year.

National Fuel Gas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were given a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, December 31st. National Fuel Gas’s dividend payout ratio is presently 29.85%.

About National Fuel Gas

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.