UBS Asset Management Americas Inc. boosted its position in National Fuel Gas Co. (NYSE:NFG) by 0.8% during the second quarter, Holdings Channel reports. The institutional investor owned 60,908 shares of the company’s stock after buying an additional 500 shares during the period. UBS Asset Management Americas Inc. owned about 0.07% of National Fuel Gas worth $3,465,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in NFG. State Street Corp increased its position in shares of National Fuel Gas by 11.7% in the first quarter. State Street Corp now owns 6,439,757 shares of the company’s stock worth $322,305,000 after buying an additional 673,010 shares in the last quarter. JPMorgan Chase & Co. increased its stake in National Fuel Gas by 6.8% in the second quarter. JPMorgan Chase & Co. now owns 3,776,298 shares of the company’s stock valued at $214,796,000 after buying an additional 241,069 shares during the period. BlackRock Fund Advisors increased its stake in National Fuel Gas by 0.8% in the first quarter. BlackRock Fund Advisors now owns 3,020,652 shares of the company’s stock valued at $151,184,000 after buying an additional 24,303 shares during the period. Geode Capital Management LLC increased its stake in National Fuel Gas by 9.2% in the first quarter. Geode Capital Management LLC now owns 543,878 shares of the company’s stock valued at $27,221,000 after buying an additional 45,932 shares during the period. Finally, Prudential Financial Inc. increased its stake in National Fuel Gas by 8.7% in the first quarter. Prudential Financial Inc. now owns 417,660 shares of the company’s stock valued at $20,904,000 after buying an additional 33,570 shares during the period. 62.45% of the stock is owned by institutional investors and hedge funds.
Shares of National Fuel Gas Co. (NYSE:NFG) traded down 1.22% on Monday, hitting $53.41. 105,230 shares of the stock were exchanged. National Fuel Gas Co. has a 12 month low of $37.03 and a 12 month high of $59.62. The company’s market cap is $4.54 billion. The company has a 50-day moving average price of $56.77 and a 200 day moving average price of $54.85.
National Fuel Gas (NYSE:NFG) last issued its quarterly earnings data on Friday, August 5th. The company reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.03. National Fuel Gas had a negative net margin of 35.33% and a positive return on equity of 13.87%. The business earned $335.60 million during the quarter, compared to analyst estimates of $384.26 million. During the same period in the prior year, the business earned $0.55 EPS. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. Equities analysts forecast that National Fuel Gas Co. will post $2.96 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be issued a $0.405 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $1.62 annualized dividend and a yield of 3.00%. National Fuel Gas’s dividend payout ratio (DPR) is presently -26.60%.
Several equities research analysts have weighed in on NFG shares. Jefferies Group lifted their price target on shares of National Fuel Gas from $59.00 to $60.00 and gave the company a “hold” rating in a research note on Monday, July 25th. Zacks Investment Research raised shares of National Fuel Gas from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a research note on Tuesday, July 5th. Argus reaffirmed a “hold” rating on shares of National Fuel Gas in a research note on Thursday, June 9th. Finally, Barclays PLC lifted their price target on shares of National Fuel Gas from $47.00 to $61.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 10th. Eight equities research analysts have rated the stock with a hold rating, National Fuel Gas has an average rating of “Hold” and an average target price of $60.67.
In related news, COO John R. Pustulka sold 12,000 shares of the stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $58.58, for a total value of $702,960.00. Following the completion of the transaction, the chief operating officer now directly owns 65,077 shares in the company, valued at approximately $3,812,210.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Philip C. Ackerman sold 105,929 shares of the stock in a transaction dated Wednesday, September 28th. The stock was sold at an average price of $55.09, for a total transaction of $5,835,628.61. Following the completion of the transaction, the director now owns 477,765 shares of the company’s stock, valued at $26,320,073.85. The disclosure for this sale can be found here. 3.25% of the stock is currently owned by company insiders.
About National Fuel Gas
National Fuel Gas Company is a holding company. The Company is an energy company engaged in the production, gathering, transportation, distribution and marketing of natural gas. The Company operates through five segments: Exploration and Production, including operations carried out through its subsidiary, Seneca Resources Corporation; Pipeline and Storage, including operations carried out through its subsidiaries, National Fuel Gas Supply Corporation and Empire Pipeline, Inc; Gathering, including operations carried out through subsidiaries of National Fuel Gas Midstream Corporation; Utility, including operations are carried out by through its subsidiary, Distribution Corporation, and Energy Marketing, including operations carried out through its subsidiary, National Fuel Resources, Inc The Company operates an integrated business, with assets centered in western New York and Pennsylvania.
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