Nordea Investment Management AB Has $5.16 Million Stake in National Fuel Gas (NYSE:NFG)

Nordea Investment Management AB increased its stake in shares of National Fuel Gas (NYSE:NFG) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 85,253 shares of the oil and gas producer’s stock after acquiring an additional 1,034 shares during the period. Nordea Investment Management AB owned about 0.09% of National Fuel Gas worth $5,157,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Gabelli Funds LLC raised its holdings in shares of National Fuel Gas by 1.0% during the second quarter. Gabelli Funds LLC now owns 2,533,482 shares of the oil and gas producer’s stock worth $137,289,000 after acquiring an additional 24,800 shares during the period. Victory Capital Management Inc. grew its stake in National Fuel Gas by 44.2% in the third quarter. Victory Capital Management Inc. now owns 2,498,205 shares of the oil and gas producer’s stock valued at $151,416,000 after purchasing an additional 765,236 shares in the last quarter. Equity Investment Corp increased its position in shares of National Fuel Gas by 0.4% during the 2nd quarter. Equity Investment Corp now owns 1,246,822 shares of the oil and gas producer’s stock worth $67,565,000 after purchasing an additional 4,636 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of National Fuel Gas by 11.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 930,775 shares of the oil and gas producer’s stock worth $50,441,000 after purchasing an additional 93,780 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of National Fuel Gas by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 920,918 shares of the oil and gas producer’s stock worth $55,817,000 after purchasing an additional 7,830 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at National Fuel Gas

In related news, insider Donna L. Decarolis sold 10,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $62.58, for a total value of $625,800.00. Following the completion of the transaction, the insider now owns 81,519 shares of the company’s stock, valued at $5,101,459.02. The trade was a 10.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Justin I. Loweth sold 19,532 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $62.27, for a total value of $1,216,257.64. Following the completion of the transaction, the insider now directly owns 41,841 shares of the company’s stock, valued at approximately $2,605,439.07. This trade represents a 31.83 % decrease in their position. The disclosure for this sale can be found here. 1.55% of the stock is owned by insiders.

National Fuel Gas Stock Up 0.4 %

NFG opened at $62.51 on Friday. National Fuel Gas has a fifty-two week low of $45.32 and a fifty-two week high of $65.06. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.25 and a current ratio of 0.32. The company has a market capitalization of $5.68 billion, a P/E ratio of 77.17 and a beta of 0.64. The stock has a fifty day moving average of $61.38 and a 200-day moving average of $59.78.

National Fuel Gas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date is Tuesday, December 31st. National Fuel Gas’s dividend payout ratio is currently 254.32%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Bank of America assumed coverage on shares of National Fuel Gas in a research note on Monday, October 28th. They issued an “underperform” rating and a $62.00 target price for the company. Argus raised National Fuel Gas to a “strong-buy” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. cut their price target on National Fuel Gas from $65.00 to $64.00 and set a “neutral” rating for the company in a report on Tuesday, November 12th. Finally, StockNews.com downgraded National Fuel Gas from a “hold” rating to a “sell” rating in a report on Tuesday, December 24th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $69.00.

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.