Envestnet Asset Management Inc. Acquires 10,577 Shares of National Fuel Gas Company $NFG

Envestnet Asset Management Inc. raised its holdings in National Fuel Gas Company (NYSE:NFG) by 4.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 228,122 shares of the oil and gas producer’s stock after buying an additional 10,577 shares during the period. Envestnet Asset Management Inc. owned about 0.25% of National Fuel Gas worth $21,072,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in NFG. Root Financial Partners LLC acquired a new position in shares of National Fuel Gas during the 3rd quarter worth approximately $29,000. Richardson Financial Services Inc. boosted its position in National Fuel Gas by 88.5% during the third quarter. Richardson Financial Services Inc. now owns 360 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 169 shares during the period. Golden State Wealth Management LLC increased its holdings in shares of National Fuel Gas by 355.1% in the second quarter. Golden State Wealth Management LLC now owns 405 shares of the oil and gas producer’s stock valued at $34,000 after purchasing an additional 316 shares during the last quarter. True Wealth Design LLC increased its holdings in shares of National Fuel Gas by 3,883.3% in the third quarter. True Wealth Design LLC now owns 478 shares of the oil and gas producer’s stock valued at $44,000 after purchasing an additional 466 shares during the last quarter. Finally, Assetmark Inc. raised its position in shares of National Fuel Gas by 60.1% in the second quarter. Assetmark Inc. now owns 613 shares of the oil and gas producer’s stock valued at $52,000 after purchasing an additional 230 shares during the period. 73.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of National Fuel Gas in a report on Monday, December 29th. Zacks Research downgraded shares of National Fuel Gas from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 21st. Finally, Scotiabank set a $101.00 price objective on National Fuel Gas in a report on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $96.33.

National Fuel Gas Stock Performance

Shares of NYSE:NFG opened at $87.41 on Friday. National Fuel Gas Company has a 12-month low of $69.93 and a 12-month high of $94.13. The company’s 50 day moving average price is $82.08 and its two-hundred day moving average price is $84.07. The firm has a market cap of $8.31 billion, a PE ratio of 12.19, a PEG ratio of 1.08 and a beta of 0.60. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 0.58.

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

National Fuel Gas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Wednesday, December 31st. National Fuel Gas’s payout ratio is 29.85%.

National Fuel Gas Company 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.