Evolve Private Wealth LLC Invests $886,000 in National Fuel Gas Company $NFG

Evolve Private Wealth LLC purchased a new stake in shares of National Fuel Gas Company (NYSE:NFG) in the 2nd quarter, Holdings Channel reports. The fund purchased 11,391 shares of the oil and gas producer’s stock, valued at approximately $886,000.

A number of other large investors have also recently modified their holdings of NFG. SJS Investment Consulting Inc. grew its position in shares of National Fuel Gas by 458.0% during the 1st quarter. SJS Investment Consulting Inc. now owns 279 shares of the oil and gas producer’s stock worth $26,000 after buying an additional 229 shares in the last quarter. Fairscale Capital LLC bought a new stake in shares of National Fuel Gas in the fourth quarter valued at about $29,000. HM Payson & Co. purchased a new stake in National Fuel Gas in the fourth quarter worth about $29,000. Cassaday & Co Wealth Management LLC purchased a new stake in National Fuel Gas in the first quarter worth about $38,000. Finally, Bogart Wealth LLC grew its holdings in National Fuel Gas by 170.2% during the 1st quarter. Bogart Wealth LLC now owns 516 shares of the oil and gas producer’s stock worth $49,000 after acquiring an additional 325 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

National Fuel Gas Trading Down 0.0%

National Fuel Gas stock opened at $82.47 on Monday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.07 and a current ratio of 3.20. The stock has a market cap of $7.84 billion, a PE ratio of 11.45, a price-to-earnings-growth ratio of 1.83 and a beta of 0.37. The stock has a 50-day moving average of $80.05 and a two-hundred day moving average of $84.55. National Fuel Gas Company has a one year low of $75.17 and a one year high of $97.06.

National Fuel Gas (NYSE:NFG) last issued its quarterly earnings results on Thursday, July 30th. The oil and gas producer reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.10. The business had revenue of $537.50 million for the quarter, compared to analyst estimates of $564.33 million. National Fuel Gas had a return on equity of 19.04% and a net margin of 26.97%.The company’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.64 earnings per share. On average, research analysts anticipate that National Fuel Gas Company will post 7.5 EPS for the current fiscal year.

National Fuel Gas Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Tuesday, June 30th. This is a positive change from National Fuel Gas’s previous quarterly dividend of $0.54. National Fuel Gas’s dividend payout ratio (DPR) is currently 30.83%.

Wall Street Analysts Forecast Growth

NFG has been the topic of a number of research reports. Wall Street Zen raised shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings cut shares of National Fuel Gas from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, National Fuel Gas currently has an average rating of “Moderate Buy” and a consensus target price of $105.50.

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.