National Fuel Gas (NYSE:NFG) Shares Sold by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can lessened its holdings in National Fuel Gas (NYSE:NFGGet Rating) by 0.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 60,060 shares of the oil and gas producer’s stock after selling 423 shares during the period. Great West Life Assurance Co. Can’s holdings in National Fuel Gas were worth $3,699,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NFG. State Street Corp boosted its holdings in National Fuel Gas by 20.7% in the first quarter. State Street Corp now owns 7,298,076 shares of the oil and gas producer’s stock worth $504,599,000 after acquiring an additional 1,252,192 shares in the last quarter. Vanguard Group Inc. boosted its holdings in National Fuel Gas by 8.8% in the first quarter. Vanguard Group Inc. now owns 10,208,957 shares of the oil and gas producer’s stock worth $701,355,000 after acquiring an additional 822,589 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in National Fuel Gas by 852.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 478,162 shares of the oil and gas producer’s stock worth $31,582,000 after acquiring an additional 427,954 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in National Fuel Gas by 398.6% in the second quarter. Lazard Asset Management LLC now owns 487,949 shares of the oil and gas producer’s stock worth $32,228,000 after acquiring an additional 390,092 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in National Fuel Gas by 160.8% in the first quarter. First Trust Advisors LP now owns 404,404 shares of the oil and gas producer’s stock worth $27,782,000 after acquiring an additional 249,312 shares in the last quarter. Institutional investors and hedge funds own 72.25% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Scotiabank downgraded National Fuel Gas from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the stock from $91.00 to $85.00 in a report on Tuesday, January 17th. Raymond James decreased their target price on National Fuel Gas from $86.00 to $78.00 and set an “outperform” rating for the company in a report on Monday, October 24th. Finally, StockNews.com assumed coverage on National Fuel Gas in a report on Wednesday, October 12th. They set a “hold” rating for the company.

National Fuel Gas Trading Up 0.8 %

Shares of NYSE:NFG opened at $59.35 on Tuesday. National Fuel Gas has a 12-month low of $57.60 and a 12-month high of $75.97. The company has a market capitalization of $5.43 billion, a PE ratio of 9.67, a PEG ratio of 0.92 and a beta of 0.72. The business has a 50 day moving average of $63.01 and a two-hundred day moving average of $66.03. The company has a current ratio of 0.39, a quick ratio of 0.35 and a debt-to-equity ratio of 1.00.

National Fuel Gas (NYSE:NFGGet Rating) last announced its quarterly earnings results on Thursday, November 3rd. The oil and gas producer reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.07). National Fuel Gas had a net margin of 25.89% and a return on equity of 26.88%. The company had revenue of $435.15 million during the quarter, compared to analyst estimates of $494.08 million. As a group, analysts forecast that National Fuel Gas will post 6.59 EPS for the current year.

National Fuel Gas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend was Thursday, December 29th. National Fuel Gas’s payout ratio is presently 30.94%.

About National Fuel Gas

(Get Rating)

National Fuel Gas Co is a holding company, which engages in the production, gathering, transportation, storage, and distribution of natural gas. It operates through the following segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment seeks to discover and produce raw materials.

Further Reading

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

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