National Fuel Gas Company $NFG Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp lessened its holdings in National Fuel Gas Company (NYSE:NFG) by 19.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 597,991 shares of the oil and gas producer’s stock after selling 146,545 shares during the period. Mackenzie Financial Corp’s holdings in National Fuel Gas were worth $55,236,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Franklin Resources Inc. increased its stake in shares of National Fuel Gas by 1.8% during the 3rd quarter. Franklin Resources Inc. now owns 213,134 shares of the oil and gas producer’s stock worth $19,687,000 after purchasing an additional 3,862 shares in the last quarter. Van ECK Associates Corp raised its position in shares of National Fuel Gas by 1.6% during the 3rd quarter. Van ECK Associates Corp now owns 61,061 shares of the oil and gas producer’s stock worth $5,640,000 after purchasing an additional 980 shares during the last quarter. Vestcor Inc lifted its stake in National Fuel Gas by 20.1% in the 3rd quarter. Vestcor Inc now owns 14,344 shares of the oil and gas producer’s stock valued at $1,325,000 after buying an additional 2,404 shares in the last quarter. Swiss National Bank lifted its stake in National Fuel Gas by 1.3% in the 3rd quarter. Swiss National Bank now owns 166,400 shares of the oil and gas producer’s stock valued at $15,370,000 after buying an additional 2,100 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in National Fuel Gas by 42.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 46,759 shares of the oil and gas producer’s stock valued at $4,319,000 after buying an additional 14,005 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NFG has been the subject of several recent research reports. Scotiabank set a $101.00 price target on National Fuel Gas in a research report on Wednesday, January 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of National Fuel Gas in a research note on Monday, December 29th. Finally, Zacks Research upgraded National Fuel Gas from a “strong sell” rating to a “hold” rating in a research report on Monday. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, National Fuel Gas presently has an average rating of “Moderate Buy” and an average price target of $104.00.

National Fuel Gas Stock Performance

Shares of NFG opened at $93.79 on Friday. National Fuel Gas Company has a 1 year low of $69.93 and a 1 year high of $94.69. The company’s 50 day simple moving average is $85.42 and its 200 day simple moving average is $84.49. The company has a market capitalization of $8.91 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 1.19 and a beta of 0.57. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.59 and a current ratio of 0.65.

National Fuel Gas (NYSE:NFG) last released its earnings results on Wednesday, January 28th. The oil and gas producer reported $2.06 EPS for the quarter, topping the consensus estimate of $1.91 by $0.15. The firm had revenue of $651.51 million during 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%. National Fuel Gas’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.66 EPS. National Fuel Gas has set its FY 2026 guidance at 7.600-8.100 EPS. On average, sell-side analysts predict that National Fuel Gas Company will post 6.64 EPS for the current year.

National Fuel Gas Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a $0.535 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.14 dividend on an annualized basis and a dividend yield of 2.3%. National Fuel Gas’s payout ratio is currently 29.85%.

National Fuel Gas Company 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.