M&T Bank Corp Acquires 6,794 Shares of National Fuel Gas Company $NFG

M&T Bank Corp raised its holdings in National Fuel Gas Company (NYSE:NFG) by 116.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,645 shares of the oil and gas producer’s stock after purchasing an additional 6,794 shares during the quarter. M&T Bank Corp’s holdings in National Fuel Gas were worth $1,012,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Root Financial Partners LLC purchased a new stake in National Fuel Gas during the 3rd quarter worth about $29,000. Richardson Financial Services Inc. lifted its holdings in National Fuel Gas by 88.5% during the 3rd quarter. Richardson Financial Services Inc. now owns 360 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 169 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in National Fuel Gas by 105.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 423 shares of the oil and gas producer’s stock worth $39,000 after purchasing an additional 217 shares in the last quarter. Eastern Bank purchased a new stake in National Fuel Gas during the 4th quarter worth about $42,000. Finally, True Wealth Design LLC lifted its holdings in National Fuel Gas by 3,883.3% during the 3rd quarter. True Wealth Design LLC now owns 478 shares of the oil and gas producer’s stock worth $44,000 after purchasing an additional 466 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

Key National Fuel Gas News

Here are the key news stories impacting National Fuel Gas this week:

• Positive Sentiment: Topline strength — Q2 revenue of $858.4M topped consensus (~$823M) and was up ~17.6% year‑over‑year, supporting the company’s cash generation and margins. National Fuel Reports Second Quarter Fiscal 2026 Earnings
• Positive Sentiment: Long‑term infrastructure plan — National Fuel is advancing a $93M Line N upgrade targeted for late‑2028, which supports transport capacity and long‑term utility cash flows. This is constructive for regulated/infrastructure value even though it requires near‑term capex. National Fuel outlines $7.45-$7.75 EPS guidance while advancing $93M Line N upgrade for late 2028
• Positive Sentiment: Local growth — NFG is exploring buying a larger Erie office (former Hammermill building) to house ~80 new jobs, a modest but tangible growth/efficiency move for its operations footprint. Erie office building was once home to Hammermill. NFG eyes buying it
• Neutral Sentiment: Management commentary and details available — the full Q2 earnings transcript and conference materials were posted, useful for digging into segment results, commodity exposure and capex timing. National Fuel Gas NFG Q2 2026 Earnings Transcript
• Neutral Sentiment: Analyst commentary is weighing the company’s hybrid utility/producer model — markets are testing how durable earnings are across commodity cycles and regulated cash flows. National Fuel Gas in focus: Earnings test hybrid model strength
• Negative Sentiment: EPS miss — Q2 EPS of $2.71 missed the consensus of $2.85, a headline reason for the down move as investors focus on near‑term profitability versus revenue growth. National Fuel Gas (NFG) Q2 Earnings Miss Estimates
• Negative Sentiment: FY‑2026 guidance slightly below consensus — management set EPS guidance of $7.45–$7.75 vs. the Street ~7.79, leaving investors concerned the year’s earnings could come in below prior expectations. National Fuel outlines $7.45-$7.75 EPS guidance while advancing $93M Line N upgrade for late 2028

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Zacks Research raised National Fuel Gas from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. KeyCorp assumed coverage on National Fuel Gas in a report on Tuesday, April 7th. They set an “overweight” rating and a $110.00 price objective on the stock. Finally, Scotiabank set a $101.00 price objective on National Fuel Gas in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $106.00.

National Fuel Gas Stock Performance

NYSE:NFG opened at $84.45 on Friday. The business’s 50-day moving average price is $91.69 and its two-hundred day moving average price is $85.37. National Fuel Gas Company has a twelve month low of $75.99 and a twelve month high of $97.06. The stock has a market cap of $8.03 billion, a P/E ratio of 11.43, a PEG ratio of 1.23 and a beta of 0.52. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 0.58.

National Fuel Gas (NYSE:NFG) last released its quarterly earnings results on Wednesday, April 29th. The oil and gas producer reported $2.71 earnings per share for the quarter, missing the consensus estimate of $2.85 by ($0.14). National Fuel Gas had a net margin of 27.48% and a return on equity of 21.59%. The business had revenue of $858.37 million during the quarter, compared to analysts’ expectations of $856.57 million. During the same period in the previous year, the business earned $2.39 EPS. The business’s revenue was up 17.6% on a year-over-year basis. National Fuel Gas has set its FY 2026 guidance at 7.450-7.750 EPS. As a group, equities analysts predict that National Fuel Gas Company will post 7.79 EPS for the current fiscal year.

National Fuel Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a $0.535 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.14 annualized dividend and a dividend yield of 2.5%. National Fuel Gas’s dividend payout ratio (DPR) is presently 29.85%.

About National Fuel Gas

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.