New York State Teachers Retirement System Cuts Stock Holdings in National Fuel Gas (NYSE:NFG)

Posted by Defense World Staff on Apr 15th, 2023

New York State Teachers Retirement System reduced its position in National Fuel Gas (NYSE:NFG – Get Rating) by 7.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 119,704 shares of the oil and gas producer’s stock after selling 9,948 shares during the period. New York State Teachers Retirement System owned 0.13% of National Fuel Gas worth $7,577,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of National Fuel Gas by 8.2% in the 3rd quarter. Vanguard Group Inc. now owns 11,771,775 shares of the oil and gas producer’s stock valued at $724,553,000 after buying an additional 892,065 shares in the last quarter. State Street Corp boosted its stake in National Fuel Gas by 20.7% in the 1st quarter. State Street Corp now owns 7,298,076 shares of the oil and gas producer’s stock worth $504,599,000 after purchasing an additional 1,252,192 shares in the last quarter. Energy Income Partners LLC boosted its stake in National Fuel Gas by 14.5% in the 3rd quarter. Energy Income Partners LLC now owns 1,049,384 shares of the oil and gas producer’s stock worth $64,590,000 after purchasing an additional 132,670 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in National Fuel Gas by 3.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 936,881 shares of the oil and gas producer’s stock worth $64,364,000 after purchasing an additional 27,088 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in National Fuel Gas by 3.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 830,380 shares of the oil and gas producer’s stock worth $51,111,000 after purchasing an additional 27,345 shares in the last quarter. 72.25% of the stock is currently owned by institutional investors.

National Fuel Gas Trading Down 0.8 %

Shares of NFG stock opened at $56.11 on Friday. The company’s 50-day moving average price is $57.17 and its 200-day moving average price is $61.00. The company has a current ratio of 0.57, a quick ratio of 0.52 and a debt-to-equity ratio of 0.82. The stock has a market cap of $5.15 billion, a price-to-earnings ratio of 8.58, a PEG ratio of 1.06 and a beta of 0.68. National Fuel Gas has a twelve month low of $53.94 and a twelve month high of $75.97.

National Fuel Gas (NYSE:NFG – Get Rating) last posted its earnings results on Friday, February 3rd. The oil and gas producer reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.19. National Fuel Gas had a net margin of 26.25% and a return on equity of 27.11%. The company had revenue of $658.86 million for the quarter, compared to analysts’ expectations of $600.10 million. During the same quarter in the prior year, the company posted $1.48 earnings per share. As a group, equities analysts predict that National Fuel Gas will post 5.39 earnings per share for the current year.

National Fuel Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 14th. Shareholders of record on Friday, March 31st were paid a dividend of $0.475 per share. The ex-dividend date was Thursday, March 30th. This represents a $1.90 dividend on an annualized basis and a yield of 3.39%. National Fuel Gas’s dividend payout ratio (DPR) is presently 29.05%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. StockNews.com assumed coverage on shares of National Fuel Gas in a research report on Thursday, March 16th. They set a “hold” rating for the company. Scotiabank lowered shares of National Fuel Gas from a “sector outperform” rating to a “sector perform” rating and cut their price target for the stock from $91.00 to $85.00 in a report on Tuesday, January 17th. Finally, Raymond James cut shares of National Fuel Gas from an “outperform” rating to a “market perform” rating in a research note on Monday, February 6th.

National Fuel Gas Company Profile

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National Fuel Gas Co is a holding company, which engages in the production, gathering, transportation, storage, and distribution of natural gas. It operates through the following segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment seeks to discover and produce raw materials.

Institutional Ownership by Quarter for National Fuel Gas (NYSE:NFG)

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