Nordea Investment Management AB Decreases Stock Holdings in National Fuel Gas Co. (NYSE:NFG)

Nordea Investment Management AB reduced its stake in shares of National Fuel Gas Co. (NYSE:NFG) by 6.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 208,041 shares of the oil and gas producer’s stock after selling 14,836 shares during the period. Nordea Investment Management AB owned 0.24% of National Fuel Gas worth $12,683,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NFG. Northwestern Mutual Wealth Management Co. increased its stake in National Fuel Gas by 10.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,883 shares of the oil and gas producer’s stock valued at $115,000 after acquiring an additional 182 shares during the period. JOYN Advisors Inc. increased its stake in National Fuel Gas by 89.5% in the fourth quarter. JOYN Advisors Inc. now owns 487 shares of the oil and gas producer’s stock valued at $25,000 after acquiring an additional 230 shares during the period. Flinton Capital Management LLC increased its stake in National Fuel Gas by 0.7% in the fourth quarter. Flinton Capital Management LLC now owns 32,572 shares of the oil and gas producer’s stock valued at $1,667,000 after acquiring an additional 238 shares during the period. Arizona State Retirement System increased its stake in National Fuel Gas by 0.4% in the first quarter. Arizona State Retirement System now owns 61,953 shares of the oil and gas producer’s stock valued at $3,777,000 after acquiring an additional 253 shares during the period. Finally, CENTRAL TRUST Co increased its stake in National Fuel Gas by 7.8% in the first quarter. CENTRAL TRUST Co now owns 3,520 shares of the oil and gas producer’s stock valued at $215,000 after acquiring an additional 256 shares during the period. Institutional investors and hedge funds own 73.33% of the company’s stock.

NFG has been the topic of several research analyst reports. Zacks Investment Research raised shares of HAYS PLC/ADR from a “sell” rating to a “hold” rating in a research note on Tuesday, June 18th. US Capital Advisors cut shares of Cheniere Energy Partners from a “hold” rating to an “underweight” rating in a research note on Monday, March 18th.

NYSE NFG traded down $0.40 during trading hours on Friday, hitting $53.14. The company’s stock had a trading volume of 416,248 shares, compared to its average volume of 552,744. The stock has a fifty day moving average of $54.07. The company has a quick ratio of 1.07, a current ratio of 1.17 and a debt-to-equity ratio of 1.02. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of 15.91, a P/E/G ratio of 5.45 and a beta of 0.84. National Fuel Gas Co. has a twelve month low of $49.60 and a twelve month high of $61.71.

National Fuel Gas (NYSE:NFG) last issued its quarterly earnings data on Thursday, May 2nd. The oil and gas producer reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.08). National Fuel Gas had a return on equity of 14.99% and a net margin of 17.57%. The company had revenue of $552.54 million for the quarter, compared to analyst estimates of $602.15 million. During the same quarter in the previous year, the business earned $1.11 earnings per share. The company’s revenue was up 2.2% on a year-over-year basis. As a group, sell-side analysts anticipate that National Fuel Gas Co. will post 3.51 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.435 per share. The ex-dividend date is Thursday, June 27th. This is an increase from National Fuel Gas’s previous quarterly dividend of $0.43. This represents a $1.74 annualized dividend and a dividend yield of 3.27%. National Fuel Gas’s dividend payout ratio (DPR) is 52.10%.

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.

Further Reading: Understanding Analyst Recommendations

Institutional Ownership by Quarter for National Fuel Gas (NYSE:NFG)

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