Alps Advisors Inc. Makes New Investment in National Fuel Gas (NYSE:NFG)

Alps Advisors Inc. bought a new position in shares of National Fuel Gas (NYSE:NFGGet Rating) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 9,987 shares of the oil and gas producer’s stock, valued at approximately $660,000.

A number of other large investors also recently bought and sold shares of the company. State of Michigan Retirement System lifted its holdings in shares of National Fuel Gas by 0.6% in the 1st quarter. State of Michigan Retirement System now owns 23,212 shares of the oil and gas producer’s stock worth $1,595,000 after purchasing an additional 146 shares during the last quarter. Securian Asset Management Inc. lifted its holdings in shares of National Fuel Gas by 2.0% in the 2nd quarter. Securian Asset Management Inc. now owns 8,337 shares of the oil and gas producer’s stock worth $551,000 after purchasing an additional 160 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of National Fuel Gas by 0.4% in the 1st quarter. Raymond James & Associates now owns 47,532 shares of the oil and gas producer’s stock worth $3,265,000 after purchasing an additional 170 shares during the last quarter. Lindbrook Capital LLC lifted its holdings in shares of National Fuel Gas by 47.5% in the 2nd quarter. Lindbrook Capital LLC now owns 553 shares of the oil and gas producer’s stock worth $37,000 after purchasing an additional 178 shares during the last quarter. Finally, CENTRAL TRUST Co lifted its holdings in shares of National Fuel Gas by 31.0% in the 1st quarter. CENTRAL TRUST Co now owns 786 shares of the oil and gas producer’s stock worth $54,000 after purchasing an additional 186 shares during the last quarter. Institutional investors own 74.44% of the company’s stock.

National Fuel Gas Stock Up 1.5 %

Shares of National Fuel Gas stock opened at $63.84 on Monday. The business’s fifty day moving average price is $65.26 and its two-hundred day moving average price is $68.06. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.39 and a quick ratio of 0.35. The company has a market capitalization of $5.84 billion, a P/E ratio of 10.40, a PEG ratio of 1.05 and a beta of 0.74. National Fuel Gas has a 1-year low of $57.70 and a 1-year high of $75.97.

National Fuel Gas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend was Thursday, September 29th. National Fuel Gas’s payout ratio is currently 30.94%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NFG. Scotiabank reissued an “assumes” rating on shares of National Fuel Gas in a report on Monday, July 25th. StockNews.com assumed coverage on National Fuel Gas in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Raymond James cut their target price on National Fuel Gas from $86.00 to $78.00 and set an “outperform” rating on the stock in a research note on Monday, October 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, National Fuel Gas currently has a consensus rating of “Hold” and an average target price of $68.00.

National Fuel Gas Company Profile

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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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