UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $12.99 Million Stake in National Fuel Gas Company $NFG

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in National Fuel Gas Company (NYSE:NFG) by 3.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 168,217 shares of the oil and gas producer’s stock after selling 6,011 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in National Fuel Gas were worth $12,988,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in NFG. BlackRock Inc. bought a new stake in shares of National Fuel Gas in the second quarter valued at about $748,569,000. Energy Income Partners LLC bought a new position in shares of National Fuel Gas during the second quarter worth about $231,309,000. Price T Rowe Associates Inc. MD grew its holdings in shares of National Fuel Gas by 653.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,582,782 shares of the oil and gas producer’s stock worth $126,718,000 after buying an additional 1,372,742 shares in the last quarter. Norges Bank acquired a new stake in National Fuel Gas in the 4th quarter valued at approximately $92,415,000. Finally, AQR Capital Management LLC raised its position in National Fuel Gas by 103.4% in the 3rd quarter. AQR Capital Management LLC now owns 2,138,153 shares of the oil and gas producer’s stock valued at $197,501,000 after buying an additional 1,087,067 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NFG. Weiss Ratings downgraded National Fuel Gas from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 21st. KeyCorp reiterated an “overweight” rating on shares of National Fuel Gas in a report on Monday, August 31st. Finally, Wall Street Zen lowered shares of National Fuel Gas from a “hold” rating to a “sell” rating in a research report on Saturday, August 29th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, National Fuel Gas presently has a consensus rating of “Moderate Buy” and an average price target of $105.50.

National Fuel Gas Stock Down 0.3%

NFG stock opened at $83.29 on Friday. The company has a market cap of $7.92 billion, a price-to-earnings ratio of 11.57, a P/E/G ratio of 1.86 and a beta of 0.37. National Fuel Gas Company has a twelve month low of $75.17 and a twelve month high of $97.06. The business has a 50 day moving average price of $81.36 and a two-hundred day moving average price of $84.41. The company has a quick ratio of 3.07, a current ratio of 3.20 and a debt-to-equity ratio of 0.91.

National Fuel Gas (NYSE:NFG) last released its quarterly earnings data on Thursday, July 30th. The oil and gas producer reported $1.54 EPS for the quarter, beating the consensus estimate of $1.44 by $0.10. The company had revenue of $537.50 million during the quarter, compared to the consensus estimate of $564.33 million. National Fuel Gas had a return on equity of 19.04% and a net margin of 26.97%.The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.64 EPS. Analysts anticipate that National Fuel Gas Company will post 7.49 EPS for the current fiscal year.

National Fuel Gas Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.555 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.22 annualized dividend and a dividend yield of 2.7%. This is a boost from National Fuel Gas’s previous quarterly dividend of $0.54. National Fuel Gas’s dividend payout ratio (DPR) is presently 30.83%.

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.