Hennion & Walsh Asset Management Inc. Sells 5,498 Shares of National Fuel Gas (NYSE:NFG)

Hennion & Walsh Asset Management Inc. cut its stake in National Fuel Gas (NYSE:NFG) by 61.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,430 shares of the oil and gas producer’s stock after selling 5,498 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in National Fuel Gas were worth $208,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in NFG. Beacon Capital Management LLC purchased a new position in shares of National Fuel Gas in the first quarter worth approximately $27,000. Hexagon Capital Partners LLC purchased a new position in shares of National Fuel Gas in the first quarter worth approximately $28,000. V Square Quantitative Management LLC purchased a new position in shares of National Fuel Gas in the third quarter worth approximately $29,000. Valley National Advisers Inc. purchased a new position in shares of National Fuel Gas in the second quarter worth approximately $37,000. Finally, GAMMA Investing LLC boosted its holdings in shares of National Fuel Gas by 38.6% in the third quarter. GAMMA Investing LLC now owns 696 shares of the oil and gas producer’s stock worth $42,000 after buying an additional 194 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors.

Insider Transactions at National Fuel Gas

In other news, General Counsel Michael W. Reville sold 1,700 shares of the business’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $60.77, for a total value of $103,309.00. Following the transaction, the general counsel now owns 8,203 shares of the company’s stock, valued at approximately $498,496.31. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.55% of the company’s stock.

Analyst Upgrades and Downgrades

NFG has been the topic of several analyst reports. JPMorgan Chase & Co. lowered their price target on shares of National Fuel Gas from $64.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Scotiabank lifted their price target on shares of National Fuel Gas from $80.00 to $81.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Bank of America initiated coverage on shares of National Fuel Gas in a report on Monday. They set an “underperform” rating and a $62.00 price target on the stock. Finally, StockNews.com downgraded shares of National Fuel Gas from a “hold” rating to a “sell” rating in a report on Saturday, October 19th.

National Fuel Gas Price Performance

NFG stock opened at $60.87 on Thursday. National Fuel Gas has a one year low of $45.32 and a one year high of $63.54. The company’s fifty day moving average price is $60.45 and its 200-day moving average price is $57.58. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.65 and a current ratio of 0.77. The company has a market capitalization of $5.56 billion, a PE ratio of 17.64 and a beta of 0.62.

National Fuel Gas (NYSE:NFG) last released its earnings results on Wednesday, July 31st. The oil and gas producer reported $0.99 EPS for the quarter, topping the consensus estimate of $0.96 by $0.03. National Fuel Gas had a net margin of 16.42% and a return on equity of 14.80%. The firm had revenue of $417.40 million for the quarter, compared to the consensus estimate of $540.62 million. During the same quarter in the previous year, the firm earned $1.01 earnings per share. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. On average, equities analysts anticipate that National Fuel Gas will post 5.08 EPS for the current fiscal year.

National Fuel Gas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.38%. The ex-dividend date was Monday, September 30th. National Fuel Gas’s dividend payout ratio (DPR) is presently 59.71%.

National Fuel Gas Company 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.