National Fuel Gas (NYSE:NFG) Position Reduced by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its position in National Fuel Gas (NYSE:NFG) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,380 shares of the oil and gas producer’s stock after selling 400 shares during the period. Nisa Investment Advisors LLC’s holdings in National Fuel Gas were worth $1,981,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in National Fuel Gas in the 3rd quarter worth approximately $28,000. V Square Quantitative Management LLC purchased a new stake in shares of National Fuel Gas in the third quarter valued at $29,000. UMB Bank n.a. boosted its position in shares of National Fuel Gas by 82.9% in the fourth quarter. UMB Bank n.a. now owns 481 shares of the oil and gas producer’s stock worth $29,000 after buying an additional 218 shares during the period. Venturi Wealth Management LLC purchased a new position in shares of National Fuel Gas during the third quarter valued at $35,000. Finally, GAMMA Investing LLC raised its position in National Fuel Gas by 38.6% during the third quarter. GAMMA Investing LLC now owns 696 shares of the oil and gas producer’s stock valued at $42,000 after buying an additional 194 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on NFG. Bank of America assumed coverage on National Fuel Gas in a research report on Monday, October 28th. They set an “underperform” rating and a $62.00 price objective for the company. Argus raised shares of National Fuel Gas to a “strong-buy” rating in a research report on Tuesday, November 19th. StockNews.com upgraded shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. lowered their price target on shares of National Fuel Gas from $65.00 to $64.00 and set a “neutral” rating on the stock in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $69.00.

Insider Activity at National Fuel Gas

In related news, insider Justin I. Loweth sold 19,532 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $62.27, for a total value of $1,216,257.64. Following the transaction, the insider now directly owns 41,841 shares of the company’s stock, valued at approximately $2,605,439.07. This trade represents a 31.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Donna L. Decarolis sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $62.58, for a total value of $625,800.00. Following the sale, the insider now directly owns 81,519 shares of the company’s stock, valued at $5,101,459.02. The trade was a 10.93 % decrease in their position. The disclosure for this sale can be found here. 1.55% of the stock is owned by company insiders.

National Fuel Gas Trading Up 0.1 %

Shares of NYSE NFG opened at $69.49 on Monday. The business has a 50 day simple moving average of $62.85 and a 200 day simple moving average of $60.82. National Fuel Gas has a 52 week low of $45.32 and a 52 week high of $70.12. The stock has a market cap of $6.31 billion, a price-to-earnings ratio of 85.79, a PEG ratio of 1.02 and a beta of 0.64. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.25 and a current ratio of 0.32.

National Fuel Gas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.515 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.96%. National Fuel Gas’s dividend payout ratio is currently 254.32%.

National Fuel Gas Company Profile

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.