Edgestream Partners L.P. Sells 41,284 Shares of National Fuel Gas Company $NFG

Edgestream Partners L.P. trimmed its position in shares of National Fuel Gas Company (NYSE:NFG) by 92.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,246 shares of the oil and gas producer’s stock after selling 41,284 shares during the quarter. Edgestream Partners L.P.’s holdings in National Fuel Gas were worth $305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. State Street Corp lifted its holdings in National Fuel Gas by 3.4% in the 2nd quarter. State Street Corp now owns 4,035,345 shares of the oil and gas producer’s stock worth $343,962,000 after purchasing an additional 132,855 shares in the last quarter. Energy Income Partners LLC increased its position in National Fuel Gas by 1.1% during the first quarter. Energy Income Partners LLC now owns 2,589,824 shares of the oil and gas producer’s stock valued at $243,340,000 after acquiring an additional 28,755 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of National Fuel Gas by 103.4% in the third quarter. AQR Capital Management LLC now owns 2,138,153 shares of the oil and gas producer’s stock valued at $197,501,000 after acquiring an additional 1,087,067 shares during the period. Geode Capital Management LLC raised its stake in shares of National Fuel Gas by 7.1% in the fourth quarter. Geode Capital Management LLC now owns 1,816,217 shares of the oil and gas producer’s stock valued at $145,446,000 after acquiring an additional 121,099 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of National Fuel Gas by 653.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,582,782 shares of the oil and gas producer’s stock worth $126,718,000 after acquiring an additional 1,372,742 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

National Fuel Gas Trading Down 3.3%

NYSE:NFG opened at $78.88 on Thursday. National Fuel Gas Company has a 52 week low of $75.17 and a 52 week high of $97.06. The firm has a 50 day moving average of $78.85 and a 200 day moving average of $84.57. The company has a quick ratio of 3.07, a current ratio of 3.20 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $7.50 billion, a price-to-earnings ratio of 10.96, a PEG ratio of 1.81 and a beta of 0.37.

National Fuel Gas (NYSE:NFG) last released its quarterly earnings results on Wednesday, July 29th. The oil and gas producer reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.10. The business had revenue of $537.50 million for the quarter, compared to analyst estimates of $564.33 million. National Fuel Gas had a net margin of 26.97% and a return on equity of 19.04%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.64 earnings per share. National Fuel Gas has set its FY 2026 guidance at 7.400-7.600 EPS. As a group, sell-side analysts anticipate that National Fuel Gas Company will post 7.5 earnings per share for the current fiscal year.

National Fuel Gas Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Tuesday, June 30th. This is a positive change from National Fuel Gas’s previous quarterly dividend of $0.54. National Fuel Gas’s dividend payout ratio is 30.83%.

Analysts Set New Price Targets

NFG has been the subject of a number of research analyst reports. Wall Street Zen lowered National Fuel Gas from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Weiss Ratings lowered shares of National Fuel Gas from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, National Fuel Gas presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.50.

National Fuel Gas Company 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.