Horizon Investments LLC Has $4.27 Million Stock Holdings in National Fuel Gas Company $NFG

Horizon Investments LLC boosted its holdings in shares of National Fuel Gas Company (NYSE:NFG) by 47.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 53,286 shares of the oil and gas producer’s stock after acquiring an additional 17,228 shares during the period. Horizon Investments LLC’s holdings in National Fuel Gas were worth $4,266,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of NFG. AQR Capital Management LLC raised its holdings in National Fuel Gas by 103.4% during the third quarter. AQR Capital Management LLC now owns 2,138,153 shares of the oil and gas producer’s stock worth $197,501,000 after buying an additional 1,087,067 shares during the last quarter. Qube Research & Technologies Ltd raised its holdings in shares of National Fuel Gas by 642.7% in the second quarter. Qube Research & Technologies Ltd now owns 465,830 shares of the oil and gas producer’s stock valued at $39,460,000 after purchasing an additional 403,107 shares during the last quarter. Squarepoint Ops LLC raised its holdings in shares of National Fuel Gas by 428.8% in the third quarter. Squarepoint Ops LLC now owns 308,466 shares of the oil and gas producer’s stock valued at $28,493,000 after purchasing an additional 250,130 shares during the last quarter. Jupiter Asset Management Ltd. raised its holdings in shares of National Fuel Gas by 99.6% in the third quarter. Jupiter Asset Management Ltd. now owns 465,254 shares of the oil and gas producer’s stock valued at $42,976,000 after purchasing an additional 232,130 shares during the last quarter. Finally, Gotham Asset Management LLC raised its holdings in shares of National Fuel Gas by 74.9% in the third quarter. Gotham Asset Management LLC now owns 521,928 shares of the oil and gas producer’s stock valued at $48,210,000 after purchasing an additional 223,459 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on NFG shares. Zacks Research upgraded shares of National Fuel Gas from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Scotiabank set a $101.00 target price on shares of National Fuel Gas in a report on Wednesday, January 21st. Finally, KeyCorp started coverage on shares of National Fuel Gas in a report on Tuesday, April 7th. They issued an “overweight” rating and a $110.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.00.

Key Stories Impacting National Fuel Gas

Here are the key news stories impacting National Fuel Gas this week:

• Positive Sentiment: Management reiterated FY2026 guidance of $7.45–$7.75 EPS and struck a confident tone on the earnings call, which supports forward expectations and reduces uncertainty around full-year targets. National Fuel Gas Earnings Call Signals Resilient Growth
• Positive Sentiment: Q2 showed higher revenue and net income year-over-year and a solid return on equity, indicating the business model still generates healthy margins despite headwinds. National Fuel Gas Q2 Earnings Lag Estimates, Revenues Increase Y/Y
• Neutral Sentiment: Company is advancing a $93M Line N pipeline upgrade targeted for late 2028 — a long-term infrastructure lift that should support volumes and reliability but increases near-term capital commitments. National Fuel outlines $7.45-$7.75 EPS guidance while advancing $93M Line N upgrade for late 2028
• Neutral Sentiment: Management is exploring acquiring a larger Erie office (adding ~80 jobs), signaling investment in workforce and operations growth in the region; impact on earnings is modest but positive for long-term capacity. Erie office building was once home to Hammermill. NFG eyes buying it
• Negative Sentiment: Adjusted EPS missed consensus, largely attributed to declining production volumes this quarter — the primary near-term catalyst dragging the stock down. National Fuel Gas Q2 Earnings Lag Estimates, Revenues Increase Y/Y
• Negative Sentiment: Planned capex (Line N) and any reallocation of cash to upgrades could pressure near-term free cash flow and create execution risk on timing/costs — a concern for income-focused investors given the company’s dividend profile. National Fuel outlines $7.45-$7.75 EPS guidance while advancing $93M Line N upgrade for late 2028

National Fuel Gas Stock Performance

Shares of NFG stock opened at $83.05 on Monday. The firm has a 50-day moving average of $91.69 and a 200-day moving average of $85.38. The company has a market cap of $7.89 billion, a P/E ratio of 11.24, a P/E/G ratio of 1.17 and a beta of 0.41. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.62 and a quick ratio of 0.55. National Fuel Gas Company has a one year low of $77.22 and a one year high of $97.06.

National Fuel Gas (NYSE:NFG) last posted its quarterly earnings results on Wednesday, April 29th. The oil and gas producer reported $2.71 earnings per share for the quarter, missing the consensus estimate of $2.85 by ($0.14). The company had revenue of $858.37 million for the quarter, compared to the consensus estimate of $856.57 million. National Fuel Gas had a net margin of 27.48% and a return on equity of 20.62%. National Fuel Gas’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.39 EPS. National Fuel Gas has set its FY 2026 guidance at 7.450-7.750 EPS. Equities research analysts forecast that National Fuel Gas Company will post 7.72 EPS for the current fiscal year.

National Fuel Gas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were given a dividend of $0.535 per share. The ex-dividend date was Tuesday, March 31st. This represents a $2.14 annualized dividend and a yield of 2.6%. National Fuel Gas’s dividend payout ratio is presently 28.96%.

About National Fuel Gas

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.