Mitsubishi UFJ Trust & Banking Corp Purchases 8,501 Shares of National Fuel Gas (NYSE:NFG)

Mitsubishi UFJ Trust & Banking Corp grew its position in shares of National Fuel Gas (NYSE:NFGGet Rating) by 84.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 18,618 shares of the oil and gas producer’s stock after buying an additional 8,501 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in National Fuel Gas were worth $1,230,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Prospera Financial Services Inc bought a new position in National Fuel Gas in the first quarter worth about $36,000. Lindbrook Capital LLC raised its stake in National Fuel Gas by 47.5% in the second quarter. Lindbrook Capital LLC now owns 553 shares of the oil and gas producer’s stock worth $37,000 after buying an additional 178 shares in the last quarter. Princeton Global Asset Management LLC bought a new position in National Fuel Gas in the second quarter worth about $41,000. CENTRAL TRUST Co raised its stake in National Fuel Gas by 31.0% in the first quarter. CENTRAL TRUST Co now owns 786 shares of the oil and gas producer’s stock worth $54,000 after buying an additional 186 shares in the last quarter. Finally, AGF Investments LLC raised its stake in National Fuel Gas by 36.7% in the first quarter. AGF Investments LLC now owns 894 shares of the oil and gas producer’s stock worth $61,000 after buying an additional 240 shares in the last quarter. 74.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NFG. Raymond James decreased their price target on shares of National Fuel Gas from $86.00 to $78.00 and set an “outperform” rating for the company in a research note on Monday, October 24th. Scotiabank reissued an “assumes” rating on shares of National Fuel Gas in a research note on Monday, July 25th. Finally, StockNews.com started coverage on shares of National Fuel Gas in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $68.00.

National Fuel Gas Price Performance

Shares of NFG opened at $63.84 on Monday. The stock has a market cap of $5.84 billion, a PE ratio of 10.40, a price-to-earnings-growth ratio of 1.05 and a beta of 0.74. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.35 and a current ratio of 0.39. National Fuel Gas has a fifty-two week low of $57.70 and a fifty-two week high of $75.97. The firm’s 50-day simple moving average is $65.26 and its two-hundred day simple moving average is $68.06.

National Fuel Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date was Thursday, September 29th. National Fuel Gas’s dividend payout ratio (DPR) is presently 30.94%.

About National Fuel Gas

(Get Rating)

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 in California and in the Appalachian region of the United States.

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Institutional Ownership by Quarter for National Fuel Gas (NYSE:NFG)

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