Nisa Investment Advisors LLC increased its stake in National Fuel Gas (NYSE:NFG – Get Rating) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,929 shares of the oil and gas producer’s stock after acquiring an additional 2,300 shares during the period. Nisa Investment Advisors LLC owned about 0.05% of National Fuel Gas worth $3,161,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Bailard Inc. lifted its stake in shares of National Fuel Gas by 49.1% in the 4th quarter. Bailard Inc. now owns 7,900 shares of the oil and gas producer’s stock valued at $500,000 after acquiring an additional 2,600 shares during the last quarter. ProShare Advisors LLC raised its position in National Fuel Gas by 26.7% during the 4th quarter. ProShare Advisors LLC now owns 511,129 shares of the oil and gas producer’s stock valued at $32,354,000 after purchasing an additional 107,734 shares during the last quarter. Integrated Advisors Network LLC raised its position in National Fuel Gas by 323.8% during the 4th quarter. Integrated Advisors Network LLC now owns 55,249 shares of the oil and gas producer’s stock valued at $3,497,000 after purchasing an additional 42,212 shares during the last quarter. Bank of Montreal Can raised its position in National Fuel Gas by 14.9% during the 4th quarter. Bank of Montreal Can now owns 16,203 shares of the oil and gas producer’s stock valued at $1,044,000 after purchasing an additional 2,100 shares during the last quarter. Finally, Meritage Portfolio Management raised its position in National Fuel Gas by 3.8% during the 4th quarter. Meritage Portfolio Management now owns 53,840 shares of the oil and gas producer’s stock valued at $3,408,000 after purchasing an additional 1,981 shares during the last quarter. Institutional investors own 72.25% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have commented on the company. StockNews.com assumed coverage on National Fuel Gas in a research report on Thursday, March 16th. They set a “hold” rating for the company. Scotiabank downgraded 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 research note on Tuesday, January 17th. Finally, Raymond James downgraded National Fuel Gas from an “outperform” rating to a “market perform” rating in a research note on Monday, February 6th.
National Fuel Gas Stock Performance
National Fuel Gas (NYSE:NFG – Get Rating) last issued its earnings results on Friday, February 3rd. The oil and gas producer reported $1.84 EPS for the quarter, beating the consensus estimate of $1.65 by $0.19. The business had revenue of $658.86 million for the quarter, compared to the consensus estimate of $600.10 million. National Fuel Gas had a return on equity of 27.11% and a net margin of 26.25%. During the same period last year, the business posted $1.48 EPS. Research analysts anticipate that National Fuel Gas will post 5.23 earnings per share for the current fiscal year.
National Fuel Gas Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, April 14th. Investors of record on Friday, March 31st were issued a $0.475 dividend. The ex-dividend date of this dividend was Thursday, March 30th. This represents a $1.90 dividend on an annualized basis and a yield of 3.44%. National Fuel Gas’s dividend payout ratio is currently 29.05%.
National Fuel Gas Profile
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.
Read More
- Get a free copy of the StockNews.com research report on National Fuel Gas (NFG)
- Medtronic: Reversal In-Play For This High-Yield Stock
- Is it ‘Game Over’ for Roblox After Reporting March Metrics Miss?
- Is it Time to Take Profits in Chip Stocks?
- Will Stratasys Continue to be a Runaway Bride?
- Garrett Motion Inc. Skids on Results: Is it Time to Buy the Dip?
Receive News & Ratings for National Fuel Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Fuel Gas and related companies with MarketBeat.com's FREE daily email newsletter.
