Alps Advisors Inc. Trims Stock Holdings in National Fuel Gas Company $NFG

Alps Advisors Inc. lessened its holdings in shares of National Fuel Gas Company (NYSE:NFG) by 30.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,220 shares of the oil and gas producer’s stock after selling 15,139 shares during the quarter. Alps Advisors Inc.’s holdings in National Fuel Gas were worth $3,161,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in NFG. State Street Corp raised its holdings in National Fuel Gas by 3.4% in the second quarter. State Street Corp now owns 4,035,345 shares of the oil and gas producer’s stock valued at $343,962,000 after acquiring an additional 132,855 shares in the last quarter. Energy Income Partners LLC increased its position in shares of National Fuel Gas by 2.1% in the 2nd quarter. Energy Income Partners LLC now owns 2,295,208 shares of the oil and gas producer’s stock worth $194,427,000 after purchasing an additional 46,616 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of National Fuel Gas by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 1,693,980 shares of the oil and gas producer’s stock valued at $143,531,000 after purchasing an additional 4,995 shares in the last quarter. Gamco Investors INC. ET AL lifted its position in shares of National Fuel Gas by 1.0% during the second quarter. Gamco Investors INC. ET AL now owns 1,510,907 shares of the oil and gas producer’s stock worth $127,989,000 after purchasing an additional 15,040 shares during the last quarter. Finally, Norges Bank acquired a new position in National Fuel Gas in the second quarter worth about $91,964,000. 73.96% of the stock is owned by institutional investors and hedge funds.

National Fuel Gas Trading Down 0.8%

NYSE:NFG opened at $85.08 on Tuesday. The stock has a market cap of $8.09 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 1.10 and a beta of 0.60. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.59 and a current ratio of 0.65. National Fuel Gas Company has a 1 year low of $69.93 and a 1 year high of $94.13. The business has a fifty day moving average of $81.77 and a 200-day moving average of $84.05.

National Fuel Gas (NYSE:NFG) last announced its earnings results on Wednesday, January 28th. The oil and gas producer reported $2.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.15. National Fuel Gas had a net margin of 27.65% and a return on equity of 21.45%. The firm had revenue of $651.51 million during the quarter, compared to analyst estimates of $650.70 million. During the same quarter in the prior year, the firm posted $1.66 EPS. National Fuel Gas’s revenue was up 18.6% compared to the same quarter last year. National Fuel Gas has set its FY 2026 guidance at 7.600-8.100 EPS. Equities analysts predict that National Fuel Gas Company will post 6.64 earnings per share for the current year.

National Fuel Gas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a dividend of $0.535 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.14 annualized dividend and a yield of 2.5%. National Fuel Gas’s dividend payout ratio (DPR) is currently 29.85%.

Analysts Set New Price Targets

Several brokerages have issued reports on NFG. Scotiabank set a $101.00 price objective on National Fuel Gas in a research note on Wednesday, January 21st. Zacks Research lowered National Fuel Gas from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 21st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of National Fuel Gas in a report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $96.33.

National Fuel Gas Profile

National Fuel Gas Company (NYSE: NFG) is a diversified energy company engaged primarily in the production, gathering, transmission, distribution and marketing of natural gas. The company operates through four principal segments: Exploration & Production, Pipeline & Storage, Utilities, and Energy Marketing. Its integrated asset base spans upstream development in the Appalachian Basin, regional pipeline networks, underground storage facilities, and regulated utility distribution systems.

In its Exploration & Production segment, National Fuel Gas focuses on developing natural gas reserves in the Marcellus and Utica shales, leveraging modern drilling and completion techniques.