National Fuel Gas (NYSE:NFG) Shares Sold by Baird Financial Group Inc.

Baird Financial Group Inc. lessened its holdings in shares of National Fuel Gas (NYSE:NFGGet Rating) by 1.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,389 shares of the oil and gas producer’s stock after selling 596 shares during the quarter. Baird Financial Group Inc.’s holdings in National Fuel Gas were worth $2,139,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in National Fuel Gas by 8.8% during the 1st quarter. Vanguard Group Inc. now owns 10,208,957 shares of the oil and gas producer’s stock worth $701,355,000 after purchasing an additional 822,589 shares during the last quarter. State Street Corp raised its holdings in shares of National Fuel Gas by 20.7% during 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 acquiring an additional 1,252,192 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of National Fuel Gas by 5.2% during the 1st quarter. Bank of New York Mellon Corp now owns 1,293,117 shares of the oil and gas producer’s stock worth $88,837,000 after acquiring an additional 63,496 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of National Fuel Gas by 3.0% during 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 acquiring an additional 27,088 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of National Fuel Gas by 9.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 797,727 shares of the oil and gas producer’s stock worth $54,805,000 after acquiring an additional 69,562 shares during the period. Institutional investors and hedge funds own 74.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on NFG shares. Scotiabank reiterated an “assumes” rating on shares of National Fuel Gas in a report on Monday, July 25th. StockNews.com started coverage on National Fuel Gas in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Raymond James reduced their price target on National Fuel Gas from $86.00 to $78.00 and set an “outperform” rating on the stock in a report on Monday, October 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $68.00.

National Fuel Gas Stock Down 0.8 %

Shares of NFG opened at $63.40 on Thursday. The firm has a market cap of $5.80 billion, a P/E ratio of 10.33, a price-to-earnings-growth ratio of 1.03 and a beta of 0.74. National Fuel Gas has a 12-month low of $57.70 and a 12-month high of $75.97. The company’s 50-day moving average price is $65.55 and its 200 day moving average price is $68.20. The company has a current ratio of 0.39, a quick ratio of 0.35 and a debt-to-equity ratio of 1.00.

National Fuel Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were issued a $0.475 dividend. The ex-dividend date of this dividend was Thursday, September 29th. This represents a $1.90 annualized dividend and a yield of 3.00%. National Fuel Gas’s dividend payout ratio (DPR) is currently 30.94%.

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.

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

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