Wealthspire Advisors LLC Has $718,000 Holdings in National Fuel Gas (NYSE:NFG)

Wealthspire Advisors LLC grew its holdings in shares of National Fuel Gas (NYSE:NFG) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,826 shares of the oil and gas producer’s stock after acquiring an additional 326 shares during the quarter. Wealthspire Advisors LLC’s holdings in National Fuel Gas were worth $718,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in NFG. Navellier & Associates Inc. grew its holdings in shares of National Fuel Gas by 36.5% during the 4th quarter. Navellier & Associates Inc. now owns 13,240 shares of the oil and gas producer’s stock valued at $803,000 after purchasing an additional 3,539 shares during the last quarter. ING Groep NV bought a new stake in shares of National Fuel Gas during the fourth quarter worth $1,086,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of National Fuel Gas during the fourth quarter worth $367,000. Cardinal Capital Management increased its holdings in shares of National Fuel Gas by 0.9% during the fourth quarter. Cardinal Capital Management now owns 93,429 shares of the oil and gas producer’s stock worth $5,717,000 after buying an additional 799 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in shares of National Fuel Gas by 46.8% in the 4th quarter. Allworth Financial LP now owns 1,814 shares of the oil and gas producer’s stock valued at $110,000 after acquiring an additional 578 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on NFG shares. StockNews.com upgraded National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. reduced their price target on National Fuel Gas from $65.00 to $64.00 and set a “neutral” rating on the stock in a report on Tuesday, November 12th. Finally, Argus upgraded shares of National Fuel Gas to a “strong-buy” rating in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $69.00.

Insider Transactions at National Fuel Gas

In other news, insider Donna L. Decarolis sold 10,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $62.58, for a total value of $625,800.00. Following the transaction, the insider now directly owns 81,519 shares of the company’s stock, valued at $5,101,459.02. The trade was a 10.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Justin I. Loweth sold 19,532 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $62.27, for a total value of $1,216,257.64. Following the sale, the insider now directly owns 41,841 shares of the company’s stock, valued at $2,605,439.07. This represents a 31.83 % decrease in their position. The disclosure for this sale can be found here. 1.41% of the stock is currently owned by corporate insiders.

National Fuel Gas Stock Performance

NYSE NFG opened at $74.07 on Wednesday. The company has a market capitalization of $6.71 billion, a price-to-earnings ratio of -529.00 and a beta of 0.64. National Fuel Gas has a twelve month low of $48.06 and a twelve month high of $74.21. The stock has a fifty day simple moving average of $67.00 and a 200 day simple moving average of $62.96. The company has a quick ratio of 0.33, a current ratio of 0.39 and a debt-to-equity ratio of 0.80.

National Fuel Gas (NYSE:NFG) last issued its quarterly earnings data on Wednesday, January 29th. The oil and gas producer reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.22. National Fuel Gas had a positive return on equity of 15.96% and a negative net margin of 0.53%. During the same quarter in the prior year, the business earned $1.46 earnings per share. Sell-side analysts expect that National Fuel Gas will post 6.64 EPS for the current year.

National Fuel Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend was Tuesday, December 31st. National Fuel Gas’s dividend payout ratio is currently -1,471.43%.

National Fuel Gas Profile

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. The Pipeline and Storage segment provides interstate natural gas transportation services through an integrated gas pipeline system in Pennsylvania and New York; and owns and operates underground natural gas storage fields.