Northwestern Mutual Wealth Management Co. increased its holdings in National Fuel Gas Co. (NYSE:NFG) by 10.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,883 shares of the oil and gas producer’s stock after buying an additional 182 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in National Fuel Gas were worth $115,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in NFG. Tuttle Tactical Management bought a new stake in National Fuel Gas during the first quarter valued at $800,000. Magnus Financial Group LLC bought a new stake in National Fuel Gas during the first quarter valued at $224,000. Hartford Financial Management Inc. boosted its position in National Fuel Gas by 7.0% during the first quarter. Hartford Financial Management Inc. now owns 19,633 shares of the oil and gas producer’s stock valued at $1,197,000 after acquiring an additional 1,286 shares during the last quarter. Keybank National Association OH boosted its position in National Fuel Gas by 8.0% during the first quarter. Keybank National Association OH now owns 11,530 shares of the oil and gas producer’s stock valued at $703,000 after acquiring an additional 855 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its position in National Fuel Gas by 13.9% during the first quarter. New York State Common Retirement Fund now owns 257,100 shares of the oil and gas producer’s stock valued at $15,673,000 after acquiring an additional 31,300 shares during the last quarter. Institutional investors own 73.57% of the company’s stock.
Shares of NFG opened at $53.77 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.07 and a debt-to-equity ratio of 1.02. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of 15.64, a PEG ratio of 5.43 and a beta of 0.89. National Fuel Gas Co. has a 12 month low of $49.60 and a 12 month high of $61.71.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a dividend yield of 3.24%. This is a positive change from National Fuel Gas’s previous quarterly dividend of $0.43. National Fuel Gas’s dividend payout ratio is currently 50.90%.
In related news, insider John P. Mcginnis sold 2,357 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $60.14, for a total value of $141,749.98. Following the sale, the insider now owns 20,000 shares in the company, valued at approximately $1,202,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.30% of the company’s stock.
NFG has been the topic of a number of research analyst reports. US Capital Advisors cut shares of National Fuel Gas from an “overweight” rating to a “hold” rating in a research report on Monday, March 18th. Zacks Investment Research cut shares of National Fuel Gas from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th.
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National Fuel Gas Company Profile
National Fuel Gas Company operates as a diversified energy company. It operates through five segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. 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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