PNC Financial Services Group Inc. Sells 17,092 Shares of National Fuel Gas Company $NFG

PNC Financial Services Group Inc. lowered its stake in National Fuel Gas Company (NYSE:NFG) by 23.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 56,889 shares of the oil and gas producer’s stock after selling 17,092 shares during the quarter. PNC Financial Services Group Inc. owned about 0.06% of National Fuel Gas worth $5,255,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. HighTower Advisors LLC lifted its stake in National Fuel Gas by 8.4% in the third quarter. HighTower Advisors LLC now owns 44,023 shares of the oil and gas producer’s stock valued at $4,067,000 after buying an additional 3,418 shares during the period. Florida Financial Advisors LLC increased its stake in shares of National Fuel Gas by 58.5% in the 3rd quarter. Florida Financial Advisors LLC now owns 14,993 shares of the oil and gas producer’s stock valued at $1,385,000 after acquiring an additional 5,536 shares during the last quarter. CENTRAL TRUST Co increased its stake in shares of National Fuel Gas by 57.5% in the 3rd quarter. CENTRAL TRUST Co now owns 4,001 shares of the oil and gas producer’s stock valued at $370,000 after acquiring an additional 1,461 shares during the last quarter. Assetmark Inc. raised its position in shares of National Fuel Gas by 49.1% in the 3rd quarter. Assetmark Inc. now owns 914 shares of the oil and gas producer’s stock valued at $84,000 after acquiring an additional 301 shares during the period. Finally, Illinois Municipal Retirement Fund boosted its stake in National Fuel Gas by 2.1% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 19,298 shares of the oil and gas producer’s stock worth $1,783,000 after acquiring an additional 392 shares during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

National Fuel Gas Stock Up 1.9%

National Fuel Gas stock opened at $87.89 on Friday. The company has a 50 day moving average of $82.50 and a 200-day moving average of $84.07. 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 Company has a twelve month low of $69.93 and a twelve month high of $94.13. The stock has a market capitalization of $8.35 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 1.11 and a beta of 0.60.

National Fuel Gas (NYSE:NFG) last posted its quarterly earnings data on Wednesday, January 28th. The oil and gas producer reported $2.06 EPS for the quarter, beating the consensus estimate of $1.91 by $0.15. The business had revenue of $651.51 million for the quarter, compared to analysts’ expectations of $650.70 million. National Fuel Gas had a net margin of 27.65% and a return on equity of 21.45%. The firm’s revenue was up 18.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.66 EPS. National Fuel Gas has set its FY 2026 guidance at 7.600-8.100 EPS. On average, equities research analysts anticipate that National Fuel Gas Company will post 6.64 EPS for the current fiscal year.

National Fuel Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a dividend of $0.535 per share. The ex-dividend date was Wednesday, December 31st. This represents a $2.14 dividend on an annualized basis and a dividend yield of 2.4%. National Fuel Gas’s dividend payout ratio (DPR) is presently 29.85%.

Wall Street Analyst Weigh In

NFG has been the subject of several recent analyst reports. Scotiabank set a $101.00 target price on shares of National Fuel Gas in a research note on Wednesday, January 21st. Zacks Research lowered shares of National Fuel Gas from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 21st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of National Fuel Gas in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, National Fuel Gas currently has an average rating of “Hold” and a consensus price target of $96.33.

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.