National Fuel Gas (NYSE:NFG) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its holdings in National Fuel Gas (NYSE:NFG) by 85.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 61,416 shares of the oil and gas producer’s stock after purchasing an additional 28,303 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in National Fuel Gas were worth $3,299,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in NFG. Blue Trust Inc. grew its stake in shares of National Fuel Gas by 119.8% in the fourth quarter. Blue Trust Inc. now owns 567 shares of the oil and gas producer’s stock worth $29,000 after acquiring an additional 309 shares in the last quarter. Quent Capital LLC grew its stake in National Fuel Gas by 166.4% during the 4th quarter. Quent Capital LLC now owns 690 shares of the oil and gas producer’s stock worth $35,000 after purchasing an additional 431 shares in the last quarter. NBC Securities Inc. increased its holdings in National Fuel Gas by 17.1% during the 4th quarter. NBC Securities Inc. now owns 2,145 shares of the oil and gas producer’s stock worth $107,000 after purchasing an additional 314 shares during the period. KBC Group NV raised its position in National Fuel Gas by 160.1% in the 4th quarter. KBC Group NV now owns 2,697 shares of the oil and gas producer’s stock valued at $135,000 after purchasing an additional 1,660 shares in the last quarter. Finally, TFO Wealth Partners LLC boosted its stake in shares of National Fuel Gas by 316,000.0% in the 4th quarter. TFO Wealth Partners LLC now owns 3,161 shares of the oil and gas producer’s stock valued at $159,000 after buying an additional 3,160 shares during the period. 73.96% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, General Counsel Michael W. Reville sold 6,357 shares of National Fuel Gas stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $54.83, for a total transaction of $348,554.31. Following the sale, the general counsel now owns 9,903 shares in the company, valued at $542,981.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.55% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. StockNews.com upgraded shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research note on Wednesday, March 20th. Scotiabank raised their price objective on shares of National Fuel Gas from $72.00 to $75.00 and gave the company a “sector outperform” rating in a report on Thursday, May 9th.

National Fuel Gas Trading Up 0.7 %

NFG opened at $54.59 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.50 and a current ratio of 0.58. National Fuel Gas has a one year low of $45.32 and a one year high of $57.60. The company has a market cap of $5.02 billion, a P/E ratio of 10.83 and a beta of 0.62. The business’s 50-day simple moving average is $55.40 and its 200-day simple moving average is $52.08.

National Fuel Gas (NYSE:NFG) last announced its quarterly earnings results on Wednesday, May 1st. The oil and gas producer reported $1.79 EPS for the quarter, beating the consensus estimate of $1.41 by $0.38. The company had revenue of $629.94 million for the quarter, compared to analyst estimates of $767.33 million. National Fuel Gas had a net margin of 23.84% and a return on equity of 15.06%. The firm’s revenue was down 12.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.54 earnings per share. As a group, equities research analysts expect that National Fuel Gas will post 5.07 EPS for the current fiscal year.

National Fuel Gas Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a $0.515 dividend. The ex-dividend date is Friday, June 28th. This is a boost from National Fuel Gas’s previous quarterly dividend of $0.50. This represents a $2.06 dividend on an annualized basis and a yield of 3.77%. National Fuel Gas’s payout ratio is 40.87%.

National Fuel Gas Profile

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.