National Fuel Gas Company $NFG Shares Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. grew its stake in National Fuel Gas Company (NYSE:NFG) by 190.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,691 shares of the oil and gas producer’s stock after purchasing an additional 14,891 shares during the period. Rockefeller Capital Management L.P.’s holdings in National Fuel Gas were worth $1,817,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in NFG. Price T Rowe Associates Inc. MD lifted its stake in shares of National Fuel Gas by 653.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,582,782 shares of the oil and gas producer’s stock valued at $126,718,000 after purchasing an additional 1,372,742 shares during the period. Norges Bank acquired a new stake in shares of National Fuel Gas during the 4th quarter valued at about $92,415,000. AQR Capital Management LLC boosted its position in National Fuel Gas by 103.4% during the third quarter. AQR Capital Management LLC now owns 2,138,153 shares of the oil and gas producer’s stock worth $197,501,000 after purchasing an additional 1,087,067 shares in the last quarter. Yaupon Capital Management LP grew its holdings in National Fuel Gas by 521.0% in the fourth quarter. Yaupon Capital Management LP now owns 1,105,979 shares of the oil and gas producer’s stock valued at $88,545,000 after purchasing an additional 927,873 shares during the period. Finally, Aventail Capital Group LP grew its holdings in National Fuel Gas by 148.3% in the fourth quarter. Aventail Capital Group LP now owns 1,090,380 shares of the oil and gas producer’s stock valued at $87,296,000 after purchasing an additional 651,238 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on NFG shares. KeyCorp assumed coverage on National Fuel Gas in a research report on Tuesday, April 7th. They set an “overweight” rating and a $110.00 target price on the stock. Zacks Research upgraded shares of National Fuel Gas from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Finally, Weiss Ratings downgraded shares of National Fuel Gas from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.00.

National Fuel Gas Stock Performance

Shares of NYSE:NFG opened at $77.17 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.62 and a quick ratio of 0.55. The business’s 50 day moving average price is $80.27 and its 200-day moving average price is $84.63. The firm has a market capitalization of $7.33 billion, a PE ratio of 10.44, a P/E/G ratio of 1.73 and a beta of 0.37. National Fuel Gas Company has a 1 year low of $75.17 and a 1 year high of $97.06.

National Fuel Gas (NYSE:NFG) last posted its quarterly earnings data on Thursday, April 30th. The oil and gas producer reported $2.71 EPS for the quarter, missing the consensus estimate of $2.85 by ($0.14). The firm had revenue of $858.37 million during the quarter, compared to analyst estimates of $856.57 million. National Fuel Gas had a net margin of 27.48% and a return on equity of 20.62%. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.39 earnings per share. As a group, equities research analysts expect that National Fuel Gas Company will post 7.58 earnings per share for the current fiscal year.

National Fuel Gas Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 2.9%. This is a positive change from National Fuel Gas’s previous quarterly dividend of $0.54. The ex-dividend date is Tuesday, June 30th. National Fuel Gas’s dividend payout ratio (DPR) is currently 28.96%.

National Fuel Gas Profile

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.