36,807 Shares in National Fuel Gas Company $NFG Acquired by Kayne Anderson Capital Advisors LP

Kayne Anderson Capital Advisors LP purchased a new stake in National Fuel Gas Company (NYSE:NFG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 36,807 shares of the oil and gas producer’s stock, valued at approximately $3,118,000.

Several other institutional investors have also modified their holdings of NFG. Inspire Advisors LLC raised its stake in shares of National Fuel Gas by 48.7% in the second quarter. Inspire Advisors LLC now owns 10,828 shares of the oil and gas producer’s stock valued at $917,000 after acquiring an additional 3,546 shares in the last quarter. PAX Financial Group LLC purchased a new stake in National Fuel Gas during the 2nd quarter worth about $270,000. Cetera Investment Advisers increased its holdings in National Fuel Gas by 91.2% during the 2nd quarter. Cetera Investment Advisers now owns 27,462 shares of the oil and gas producer’s stock worth $2,326,000 after purchasing an additional 13,101 shares during the period. Creative Planning boosted its stake in shares of National Fuel Gas by 3.7% in the 2nd quarter. Creative Planning now owns 32,920 shares of the oil and gas producer’s stock valued at $2,789,000 after buying an additional 1,183 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of National Fuel Gas by 7.2% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,214 shares of the oil and gas producer’s stock worth $1,966,000 after buying an additional 1,568 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Zacks Research cut shares of National Fuel Gas from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Scotiabank downgraded National Fuel Gas from an “outperform” rating to a “sector perform” rating and lifted their price target for the stock from $102.00 to $106.00 in a report on Thursday, October 9th. Weiss Ratings raised National Fuel Gas from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, November 11th. Finally, Wall Street Zen lowered National Fuel Gas from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $98.00.

National Fuel Gas Stock Performance

Shares of NFG stock opened at $80.53 on Tuesday. The stock’s 50-day moving average is $85.08 and its two-hundred day moving average is $84.87. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.39 and a current ratio of 0.46. National Fuel Gas Company has a 1 year low of $59.01 and a 1 year high of $94.13. The firm has a market cap of $7.28 billion, a price-to-earnings ratio of 30.27, a PEG ratio of 0.45 and a beta of 0.57.

National Fuel Gas (NYSE:NFG) last posted its earnings results on Thursday, November 6th. The oil and gas producer reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.14. The business had revenue of $456.41 million during the quarter, compared to the consensus estimate of $534.57 million. National Fuel Gas had a return on equity of 20.81% and a net margin of 11.15%.The business’s quarterly revenue was up 22.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.77 EPS. Analysts predict that National Fuel Gas Company will post 6.64 earnings per share for the current year.

National Fuel Gas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.535 per share. The ex-dividend date was Tuesday, September 30th. This represents a $2.14 dividend on an annualized basis and a dividend yield of 2.7%. National Fuel Gas’s dividend payout ratio (DPR) is 37.68%.

About National Fuel Gas

National Fuel Gas Company operates as a diversified energy company. It operates through four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment explores for, develops, and produces natural gas and oil. The Pipeline and Storage segment provides interstate natural gas transportation services through an integrated gas pipeline system in Pennsylvania and New York; and owns and operates underground natural gas storage fields.