Allspring Global Investments Holdings LLC Has $22.08 Million Position in National Fuel Gas Company $NFG

Allspring Global Investments Holdings LLC lowered its stake in National Fuel Gas Company (NYSE:NFG) by 42.6% in the second quarter, HoldingsChannel.com reports. The firm owned 262,975 shares of the oil and gas producer’s stock after selling 195,137 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in National Fuel Gas were worth $22,079,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Assetmark Inc. increased its holdings in shares of National Fuel Gas by 9,475.0% in the first quarter. Assetmark Inc. now owns 383 shares of the oil and gas producer’s stock valued at $30,000 after purchasing an additional 379 shares in the last quarter. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of National Fuel Gas in the second quarter valued at approximately $30,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of National Fuel Gas by 316.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 400 shares of the oil and gas producer’s stock valued at $32,000 after purchasing an additional 304 shares in the last quarter. Inlight Wealth Management LLC bought a new position in National Fuel Gas in the first quarter valued at approximately $40,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in National Fuel Gas in the first quarter valued at approximately $55,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on NFG shares. Bank of America raised shares of National Fuel Gas from an “underperform” rating to a “buy” rating and raised their price objective for the company from $85.00 to $107.00 in a research note on Tuesday, July 15th. Scotiabank cut shares of National Fuel Gas from an “outperform” rating to a “sector perform” rating and raised their price objective for the company from $102.00 to $106.00 in a research note on Thursday, October 9th. Zacks Research cut shares of National Fuel Gas from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of National Fuel Gas in a research note on Tuesday. Finally, Wall Street Zen cut shares of National Fuel Gas from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $98.00.

National Fuel Gas Trading Down 1.2%

Shares of NYSE NFG opened at $85.20 on Friday. The company’s fifty day moving average is $87.78 and its 200-day moving average is $84.12. The stock has a market cap of $7.70 billion, a price-to-earnings ratio of 32.03, a P/E/G ratio of 0.43 and a beta of 0.58. National Fuel Gas Company has a twelve month low of $58.82 and a twelve month high of $94.13. The company has a quick ratio of 0.39, a current ratio of 0.46 and a debt-to-equity ratio of 0.80.

National Fuel Gas (NYSE:NFG) last announced its quarterly earnings results on Wednesday, July 30th. The oil and gas producer reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.14. The company had revenue of $531.83 million for the quarter, compared to analysts’ expectations of $596.12 million. National Fuel Gas had a net margin of 11.15% and a return on equity of 20.81%. The business’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same period last year, the firm posted $0.99 earnings per share. National Fuel Gas has set its FY 2026 guidance at 8.000-8.500 EPS. FY 2025 guidance at 6.800-6.950 EPS. Equities research analysts predict that National Fuel Gas Company will post 6.64 EPS for the current year.

National Fuel Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Tuesday, September 30th. National Fuel Gas’s payout ratio is currently 80.45%.

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.