Meiji Yasuda Asset Management Co Ltd. Buys 14,145 Shares of National Fuel Gas Company $NFG

Meiji Yasuda Asset Management Co Ltd. lifted its stake in shares of National Fuel Gas Company (NYSE:NFG) by 11.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 133,477 shares of the oil and gas producer’s stock after purchasing an additional 14,145 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in National Fuel Gas were worth $10,686,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Root Financial Partners LLC bought a new stake in shares of National Fuel Gas during the 3rd quarter worth approximately $29,000. Hantz Financial Services Inc. raised its stake in shares of National Fuel Gas by 105.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 423 shares of the oil and gas producer’s stock worth $39,000 after purchasing an additional 217 shares in the last quarter. Eastern Bank bought a new position in shares of National Fuel Gas in the 4th quarter valued at about $42,000. Torren Management LLC bought a new position in shares of National Fuel Gas in the 4th quarter valued at about $49,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of National Fuel Gas by 88.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 916 shares of the oil and gas producer’s stock valued at $78,000 after acquiring an additional 429 shares during the period. Institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on NFG. KeyCorp began coverage on shares of National Fuel Gas in a research report on Tuesday, April 7th. They issued an “overweight” rating and a $110.00 price objective for the company. Zacks Research raised shares of National Fuel Gas from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $106.00.

National Fuel Gas Trading Down 1.1%

NFG stock opened at $81.31 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.62 and a quick ratio of 0.55. The company has a fifty day moving average price of $89.21 and a two-hundred day moving average price of $85.29. National Fuel Gas Company has a one year low of $77.22 and a one year high of $97.06. The stock has a market cap of $7.73 billion, a price-to-earnings ratio of 11.00, a price-to-earnings-growth ratio of 1.79 and a beta of 0.41.

National Fuel Gas (NYSE:NFG) last announced its earnings results on Wednesday, April 29th. The oil and gas producer reported $2.71 EPS 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 return on equity of 20.62% and a net margin of 27.48%.The business’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.39 EPS. National Fuel Gas has set its FY 2026 guidance at 7.450-7.750 EPS. Equities analysts anticipate that National Fuel Gas Company will post 7.66 EPS for the current year.

National Fuel Gas Announces Dividend

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

National Fuel Gas 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.