State of Alaska Department of Revenue increased its position in National Fuel Gas (NYSE:NFG – Get Rating) by 0.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 73,442 shares of the oil and gas producer's stock after buying an additional 510 shares during the quarter. State of Alaska Department of Revenue owned about 0.08% of National Fuel Gas worth $4,849,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also made changes to their positions in the company. J.W. Cole Advisors Inc. purchased a new position in shares of National Fuel Gas in the 1st quarter worth $32,000. Nauset Wealth Management. LLC acquired a new stake in National Fuel Gas in the 1st quarter valued at $34,000. Prospera Financial Services Inc acquired a new stake in National Fuel Gas in the 1st quarter valued at $36,000. CENTRAL TRUST Co increased its holdings in National Fuel Gas by 31.0% in the 1st quarter. CENTRAL TRUST Co now owns 786 shares of the oil and gas producer's stock valued at $54,000 after purchasing an additional 186 shares in the last quarter. Finally, AGF Investments LLC increased its holdings in National Fuel Gas by 36.7% in the 1st quarter. AGF Investments LLC now owns 894 shares of the oil and gas producer's stock valued at $61,000 after purchasing an additional 240 shares in the last quarter. 74.44% of the stock is owned by hedge funds and other institutional investors.
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National Fuel Gas Stock Down 1.5 %
Shares of National Fuel Gas stock opened at $69.56 on Wednesday. The business has a 50-day moving average of $70.29 and a 200-day moving average of $69.49. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.53 and a quick ratio of 0.51. The company has a market capitalization of $6.36 billion, a PE ratio of 12.93, a P/E/G ratio of 0.87 and a beta of 0.68. National Fuel Gas has a 1-year low of $50.32 and a 1-year high of $75.97.
National Fuel Gas Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be paid a dividend of $0.475 per share. The ex-dividend date is Thursday, September 29th. This represents a $1.90 annualized dividend and a dividend yield of 2.73%. National Fuel Gas's dividend payout ratio is presently 35.32%.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on NFG shares. Scotiabank reiterated an "assumes" rating on shares of National Fuel Gas in a report on Monday, July 25th. The Goldman Sachs Group lowered their price target on National Fuel Gas from $68.00 to $60.00 and set a "neutral" rating for the company in a report on Tuesday, July 5th. Finally, Raymond James increased their price target on National Fuel Gas from $76.00 to $86.00 in a report on Friday, June 10th. 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 company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $70.67.
National Fuel Gas Profile
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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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