Sumitomo Mitsui Trust Holdings Inc. Buys Shares of 18,569 National Fuel Gas (NYSE:NFG)

Sumitomo Mitsui Trust Holdings Inc. bought a new stake in National Fuel Gas (NYSE:NFGGet Rating) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 18,569 shares of the oil and gas producer’s stock, valued at approximately $1,276,000.

Other hedge funds also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc increased its stake in shares of National Fuel Gas by 1,010.1% during the 1st quarter. AdvisorNet Financial Inc now owns 1,099 shares of the oil and gas producer’s stock worth $76,000 after purchasing an additional 1,000 shares in the last quarter. New York State Teachers Retirement System increased its stake in shares of National Fuel Gas by 17.1% during the 4th quarter. New York State Teachers Retirement System now owns 129,976 shares of the oil and gas producer’s stock worth $8,311,000 after purchasing an additional 18,968 shares in the last quarter. Balasa Dinverno & Foltz LLC increased its stake in shares of National Fuel Gas by 18.9% during the 1st quarter. Balasa Dinverno & Foltz LLC now owns 3,783 shares of the oil and gas producer’s stock worth $260,000 after purchasing an additional 601 shares in the last quarter. State Street Corp increased its stake in shares of National Fuel Gas by 0.9% during the 4th quarter. State Street Corp now owns 6,045,884 shares of the oil and gas producer’s stock worth $389,278,000 after purchasing an additional 56,298 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of National Fuel Gas by 17.3% during the 4th quarter. Principal Financial Group Inc. now owns 369,375 shares of the oil and gas producer’s stock worth $23,618,000 after purchasing an additional 54,485 shares in the last quarter. 73.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at National Fuel Gas

In related news, COO Ronald C. Kraemer sold 1,390 shares of National Fuel Gas stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $70.00, for a total transaction of $97,300.00. Following the transaction, the chief operating officer now owns 45,995 shares in the company, valued at approximately $3,219,650. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.92% of the company’s stock.

National Fuel Gas Stock Up 0.1 %

Shares of NFG opened at $66.69 on Thursday. The firm has a market cap of $6.10 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 1.10 and a beta of 0.67. The company’s fifty day moving average is $68.56 and its two-hundred day moving average is $66.58. National Fuel Gas has a fifty-two week low of $49.16 and a fifty-two week high of $75.97. The company has a quick ratio of 0.31, a current ratio of 0.33 and a debt-to-equity ratio of 1.12.

National Fuel Gas (NYSE:NFGGet Rating) last announced its quarterly earnings results on Thursday, May 5th. The oil and gas producer reported $1.68 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.68. The company had revenue of $701.72 million for the quarter, compared to analyst estimates of $652.28 million. National Fuel Gas had a net margin of 23.67% and a return on equity of 23.85%. National Fuel Gas’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same quarter last year, the business earned $1.34 EPS. Analysts forecast that National Fuel Gas will post 5.83 earnings per share for the current year.

National Fuel Gas Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were issued a dividend of $0.475 per share. This is a positive change from National Fuel Gas’s previous quarterly dividend of $0.46. The ex-dividend date was Wednesday, June 29th. This represents a $1.90 annualized dividend and a dividend yield of 2.85%. National Fuel Gas’s payout ratio is presently 36.89%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NFG. StockNews.com began coverage on shares of National Fuel Gas in a research note on Thursday, March 31st. They set a “hold” rating for the company. The Goldman Sachs Group lowered their target price on shares of National Fuel Gas from $68.00 to $60.00 and set a “neutral” rating for the company in a research note on Tuesday, July 5th. Finally, Raymond James lifted their target price on shares of National Fuel Gas from $76.00 to $86.00 in a research note on Friday, June 10th.

About National Fuel Gas

(Get Rating)

National Fuel Gas Company operates as a diversified energy company. It operates through four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment explores for, develops, and produces natural gas and oil in California and in the Appalachian region of the United States.

Featured Articles

Want to see what other hedge funds are holding NFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Fuel Gas (NYSE:NFGGet Rating).

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

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.