National Fuel Gas Company $NFG Stock Position Lessened by Raymond James Financial Inc.

Raymond James Financial Inc. decreased its holdings in National Fuel Gas Company (NYSE:NFG) by 1.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 147,270 shares of the oil and gas producer’s stock after selling 2,149 shares during the quarter. Raymond James Financial Inc. owned 0.16% of National Fuel Gas worth $11,662,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Assetmark Inc. grew its stake in shares of National Fuel Gas by 9,475.0% in the first quarter. Assetmark Inc. now owns 383 shares of the oil and gas producer’s stock worth $30,000 after purchasing an additional 379 shares in the last quarter. Quarry LP bought a new position in National Fuel Gas during the fourth quarter valued at about $32,000. Ameriflex Group Inc. bought a new position in National Fuel Gas during the fourth quarter valued at about $36,000. Cranbrook Wealth Management LLC bought a new position in National Fuel Gas during the first quarter valued at about $40,000. Finally, Inlight Wealth Management LLC bought a new position in National Fuel Gas during the first quarter valued at about $40,000. Institutional investors own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NFG. Zacks Research cut National Fuel Gas from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Wall Street Zen cut National Fuel Gas from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Bank of America raised National Fuel Gas from an “underperform” rating to a “buy” rating and raised their target price for the company from $85.00 to $107.00 in a research note on Tuesday, July 15th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of National Fuel Gas in a research note on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $96.67.

National Fuel Gas Trading Down 0.3%

Shares of NYSE NFG opened at $86.71 on Friday. National Fuel Gas Company has a 12 month low of $58.50 and a 12 month high of $89.82. The company has a market cap of $7.83 billion, a price-to-earnings ratio of 32.60, a P/E/G ratio of 0.51 and a beta of 0.65. The company has a quick ratio of 0.39, a current ratio of 0.46 and a debt-to-equity ratio of 0.80. The business has a fifty day simple moving average of $86.27 and a 200-day simple moving average of $81.18.

National Fuel Gas (NYSE:NFG) last announced its earnings results on Wednesday, July 30th. The oil and gas producer reported $1.64 EPS for the quarter, beating the consensus estimate of $1.50 by $0.14. National Fuel Gas had a return on equity of 20.81% and a net margin of 11.15%.The business had revenue of $531.83 million during the quarter, compared to the consensus estimate of $596.12 million. During the same period in the prior year, the business posted $0.99 earnings per share. National Fuel Gas’s revenue was up 27.4% compared to the same quarter last year. National Fuel Gas has set its FY 2026 guidance at 8.000-8.500 EPS. FY 2025 guidance at 6.800-6.950 EPS. Sell-side analysts predict that National Fuel Gas Company will post 6.64 EPS for the current year.

National Fuel Gas Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a $0.535 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $2.14 annualized dividend and a yield of 2.5%. This is an increase from National Fuel Gas’s previous quarterly dividend of $0.52. National Fuel Gas’s dividend payout ratio (DPR) is currently 80.45%.

About National Fuel Gas

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. The Pipeline and Storage segment provides interstate natural gas transportation services through an integrated gas pipeline system in Pennsylvania and New York; and owns and operates underground natural gas storage fields.