Nordea Investment Management AB purchased a new stake in National Fuel Gas Co. (NYSE:NFG) during the second quarter, according to its most recent disclosure with the SEC. The fund purchased 9,290 shares of the company’s stock, valued at approximately $528,000.

Several other hedge funds have also recently modified their holdings of NFG. CrestPoint Capital Management LLC boosted its stake in shares of National Fuel Gas by 1.6% in the second quarter. CrestPoint Capital Management LLC now owns 6,200 shares of the company’s stock valued at $353,000 after buying an additional 100 shares during the last quarter. Capstone Asset Management Co. boosted its stake in shares of National Fuel Gas by 9.5% in the second quarter. Capstone Asset Management Co. now owns 7,692 shares of the company’s stock valued at $438,000 after buying an additional 670 shares during the last quarter. Creative Planning boosted its stake in shares of National Fuel Gas by 9.5% in the second quarter. Creative Planning now owns 16,463 shares of the company’s stock valued at $936,000 after buying an additional 1,434 shares during the last quarter. Gateway Investment Advisers LLC boosted its stake in shares of National Fuel Gas by 10.0% in the second quarter. Gateway Investment Advisers LLC now owns 158,270 shares of the company’s stock valued at $9,002,000 after buying an additional 14,394 shares during the last quarter. Finally, Raymond James Trust N.A. boosted its stake in shares of National Fuel Gas by 0.9% in the second quarter. Raymond James Trust N.A. now owns 13,718 shares of the company’s stock valued at $780,000 after buying an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 62.47% of the company’s stock.

National Fuel Gas Co. (NYSE:NFG) traded down 0.02% during trading on Friday, hitting $55.17. The stock had a trading volume of 567,193 shares. National Fuel Gas Co. has a one year low of $37.03 and a one year high of $59.62. The firm’s market cap is $4.69 billion. The stock’s 50-day moving average is $56.99 and its 200 day moving average is $54.25.

National Fuel Gas (NYSE:NFG) last posted its quarterly earnings results on Friday, August 5th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.65 by $0.03. The business earned $335.60 million during the quarter, compared to analysts’ expectations of $384.26 million. National Fuel Gas had a positive return on equity of 13.87% and a negative net margin of 35.33%. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period last year, the firm earned $0.55 EPS. Equities analysts anticipate that National Fuel Gas Co. will post $2.96 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be issued a $0.405 dividend. This represents a $1.62 annualized dividend and a dividend yield of 2.94%. National Fuel Gas’s dividend payout ratio is currently -26.60%.

NFG has been the subject of several analyst reports. Zacks Investment Research upgraded National Fuel Gas from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a report on Tuesday, July 5th. Barclays PLC upped their target price on National Fuel Gas from $47.00 to $61.00 and gave the company an “equal weight” rating in a report on Wednesday, August 10th. Jefferies Group upped their target price on National Fuel Gas from $59.00 to $60.00 and gave the company a “hold” rating in a report on Monday, July 25th. Finally, Argus restated a “hold” rating on shares of National Fuel Gas in a report on Thursday, June 9th. Eight research analysts have rated the stock with a hold rating, National Fuel Gas has an average rating of “Hold” and a consensus target price of $60.67.

In related news, SVP Paula M. Ciprich sold 15,000 shares of National Fuel Gas stock in a transaction on Thursday, June 23rd. The stock was sold at an average price of $56.05, for a total transaction of $840,750.00. Following the completion of the transaction, the senior vice president now directly owns 83,181 shares of the company’s stock, valued at $4,662,295.05. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director David F. Smith sold 48,983 shares of National Fuel Gas stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $56.64, for a total value of $2,774,397.12. Following the transaction, the director now directly owns 214,507 shares of the company’s stock, valued at $12,149,676.48. The disclosure for this sale can be found here. 3.25% of the stock is owned by insiders.

About National Fuel Gas

National Fuel Gas Company is a holding company. The Company is an energy company engaged in the production, gathering, transportation, distribution and marketing of natural gas. The Company operates through five segments: Exploration and Production, including operations carried out through its subsidiary, Seneca Resources Corporation; Pipeline and Storage, including operations carried out through its subsidiaries, National Fuel Gas Supply Corporation and Empire Pipeline, Inc; Gathering, including operations carried out through subsidiaries of National Fuel Gas Midstream Corporation; Utility, including operations are carried out by through its subsidiary, Distribution Corporation, and Energy Marketing, including operations carried out through its subsidiary, National Fuel Resources, Inc The Company operates an integrated business, with assets centered in western New York and Pennsylvania.

5 Day Chart for NYSE:NFG

Want to see what other hedge funds are holding NFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Fuel Gas Co. (NYSE:NFG).

Receive News & Ratings for National Fuel Gas Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Fuel Gas Co. and related companies with Analyst Ratings Network's FREE daily email newsletter.