The most recent disclosure that AE Wealth Management LLC has made with the Securities and Exchange Commission (SEC) indicates that the company made a new investment in National Fuel Gas (NYSE: NFG) during the third quarter. This information was provided to the SEC by AE Wealth Management LLC. The fund spent slightly more than $213,000 to purchase 3,456 shares held by the oil and gas company. This was done to increase the fund’s holdings in the company.
Over the past few months, a wide variety of other institutional investors and hedge funds have increased or decreased the percentage of NFG shares they own. During the third quarter, FinTrust Capital Advisors LLC made a fresh investment in National Fuel Gas, amounting to approximately $26,000. This particular investment was a component of a much larger portfolio. The Adirondack Trust Company invested approximately $29,000 in the third quarter to acquire a new stake in National Fuel Gas. J.W. Cole Advisors Inc. put approximately 32,000 dollars into a new investment in National Fuel Gas during the first three months of 2018. The value of Lindbrook Capital LLC’s holdings in National Fuel Gas increased by 47.5% during the second quarter as compared to the first quarter’s total. Lindbrook Capital LLC now directly owns 553 shares in the company, which have a value of $37,000 thanks to the purchase of 178 additional shares in the oil and gas company during the most recent quarter. Lindbrook Capital LLC purchased these shares. In the second quarter, Harvest Fund Management Co., Ltd. shelled out more than $40,000 to acquire a new position at National Fuel Gas. This brings us to our last point. At present, institutional investors and hedge funds own 72.25 percent of the total number of shares issued by the company.
When trading started on Thursday, the price of a share of NYSE: NFG stock was $58.40. The price of the company’s stock is currently trading at a moving average of $63.36 for the past fifty days and a moving average of $66.16 for the past 200 days. The company has a price-to-earnings ratio of 9.51, a price-to-earnings-growth ratio of 0.96, and a beta value of 0.72. These ratios measure how much a company’s current price corresponds to its future earnings. The company’s total value, as represented by its market capitalization, is $5.34 billion. During the past year, the price of national fuel gas increased from $58.12 to as high as $75.97. One-to-one is the debt-to-equity ratio, 0.39 is the current ratio, 0.35 is the quick ratio, and 0.39 is the overall ratio for current assets and liabilities.
National Fuel Gas (NYSE: NFG) disclosed the outcomes of its most recent quarterly earnings report on Thursday, November 3, 2018. Most industry analysts forecasted that the oil and gas company would report earnings of $1.26 per share for the quarter, but it only reported earnings of $1.19 per share for the quarter. This is a difference of $0.07. The most recent quarter’s actual sales for the company came in at $435.15 million, which is significantly lower than the general average estimate of $494.08 million for that period. The return on equity for National Fuel Gas came in at 26.88%, while the net margin for the company was at 25.89%. Professionals in the field of equity research forecast that National Fuel Gas will generate earnings of $6.59 per share during the current fiscal year.
The company just recently declared and distributed a quarterly dividend, which was paid out on January 13 of this year. In addition, the company just recently announced and distributed a dividend. On Friday, December 30, $0.475 dividend payments per share were mailed out to stockholders who already had their information on file. This translates to a dividend yield of 3.25% and a dividend payment to the shareholder of $1.90 per year. On December 29, the dividend payment, which was initially subject to certain deductions, finally got underway. The dividend payout ratio for National Fuel Gas is at its current 30.94%.
NFG has recently been chosen as a research topic by scholarly articles. In a research note published on Tuesday, Scotiabank lowered the price target that it had set for National Fuel Gas from $91.00 to $85.00, and the firm also changed its rating for the company from “sector outperform” to “sector perform.” Both of these changes were made to the company. StockNews.com started providing coverage of shares of National Fuel Gas on Wednesday, October 12, within a research note published that day. They advised their clients to “hold” the stock moving forward. Last but not least, in a research report made available to the public on Monday, October 24, Raymond James decreased their target price for National Fuel Gas shares from $80.00 to $78.00 while maintaining an “outperform” rating on the stock of the company.
The National Fuel Gas Company is an energy conglomerate that functions in various capacities and comprises many business divisions. The company is active in the gathering market, the pipeline and storage market, the utility market, and the exploration and production market. In the United States of America, the state of California and the Appalachian region fall under the purview of the Exploration and Production department, which is in charge of the exploration, development, and production of natural gas and oil in those areas.
