Mitsubishi UFJ Trust & Banking Corp Buys 8,501 Shares of National Fuel Gas (NYSE:NFG)

Mitsubishi UFJ Trust & Banking Corp increased its stake in National Fuel Gas (NYSE:NFGGet Rating) by 84.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,618 shares of the oil and gas producer’s stock after purchasing an additional 8,501 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in National Fuel Gas were worth $1,230,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. AlphaCrest Capital Management LLC raised its holdings in shares of National Fuel Gas by 68.3% in the 1st quarter. AlphaCrest Capital Management LLC now owns 12,971 shares of the oil and gas producer’s stock worth $891,000 after purchasing an additional 5,265 shares during the period. Duality Advisers LP bought a new stake in National Fuel Gas during the 1st quarter valued at $1,030,000. Texas Permanent School Fund raised its holdings in National Fuel Gas by 2.0% during the 2nd quarter. Texas Permanent School Fund now owns 66,102 shares of the oil and gas producer’s stock valued at $4,366,000 after acquiring an additional 1,272 shares during the period. Mutual of America Capital Management LLC raised its holdings in National Fuel Gas by 2.2% during the 1st quarter. Mutual of America Capital Management LLC now owns 83,385 shares of the oil and gas producer’s stock valued at $5,729,000 after acquiring an additional 1,831 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in National Fuel Gas by 117.3% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 94,764 shares of the oil and gas producer’s stock valued at $6,510,000 after acquiring an additional 51,155 shares during the period. Institutional investors own 74.44% of the company’s stock.

Wall Street Analysts Forecast Growth

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

National Fuel Gas Stock Up 1.5 %

NFG opened at $63.84 on Monday. The company has a fifty day moving average price of $65.26 and a 200-day moving average price of $68.06. The firm has a market capitalization of $5.84 billion, a P/E ratio of 10.40, a price-to-earnings-growth ratio of 1.05 and a beta of 0.74. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.39 and a quick ratio of 0.35. National Fuel Gas has a one year low of $57.70 and a one year high of $75.97.

National Fuel Gas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were given a $0.475 dividend. The ex-dividend date was Thursday, September 29th. This represents a $1.90 annualized dividend and a yield of 2.98%. National Fuel Gas’s dividend payout ratio (DPR) is presently 30.94%.

National Fuel Gas Profile

(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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