Ontario Teachers Pension Plan Board Decreases Stock Position in National Fuel Gas (NYSE:NFG)

Ontario Teachers Pension Plan Board trimmed its position in shares of National Fuel Gas (NYSE:NFG) by 63.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,939 shares of the oil and gas producer’s stock after selling 71,683 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in National Fuel Gas were worth $2,542,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of NFG. Victory Capital Management Inc. lifted its holdings in shares of National Fuel Gas by 44.2% in the 3rd quarter. Victory Capital Management Inc. now owns 2,498,205 shares of the oil and gas producer’s stock worth $151,416,000 after acquiring an additional 765,236 shares during the last quarter. AQR Capital Management LLC lifted its stake in National Fuel Gas by 159.5% in the second quarter. AQR Capital Management LLC now owns 880,434 shares of the oil and gas producer’s stock worth $47,711,000 after purchasing an additional 541,176 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in National Fuel Gas by 194.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 378,588 shares of the oil and gas producer’s stock worth $20,516,000 after purchasing an additional 249,967 shares during the last quarter. Mackenzie Financial Corp boosted its position in shares of National Fuel Gas by 262.5% during the second quarter. Mackenzie Financial Corp now owns 318,078 shares of the oil and gas producer’s stock valued at $17,237,000 after buying an additional 230,332 shares during the period. Finally, Great Lakes Advisors LLC bought a new position in shares of National Fuel Gas during the second quarter valued at approximately $10,741,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other National Fuel Gas news, General Counsel Michael W. Reville sold 1,700 shares of the stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $60.77, for a total transaction of $103,309.00. Following the transaction, the general counsel now directly owns 8,203 shares in the company, valued at $498,496.31. This represents a 17.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.55% of the company’s stock.

Analyst Ratings Changes

NFG has been the subject of a number of research analyst reports. Bank of America initiated coverage on National Fuel Gas in a research note on Monday, October 28th. They set an “underperform” rating and a $62.00 price target for the company. JPMorgan Chase & Co. decreased their target price on National Fuel Gas from $65.00 to $64.00 and set a “neutral” rating for the company in a research report on Tuesday, November 12th. StockNews.com cut shares of National Fuel Gas from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. Finally, Scotiabank raised their price target on shares of National Fuel Gas from $80.00 to $81.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th.

National Fuel Gas Trading Down 0.3 %

NFG opened at $62.01 on Wednesday. The company has a quick ratio of 0.25, a current ratio of 0.32 and a debt-to-equity ratio of 0.77. The stock’s fifty day moving average is $60.83 and its two-hundred day moving average is $58.32. The company has a market capitalization of $5.67 billion, a P/E ratio of 76.56 and a beta of 0.62. National Fuel Gas has a 52 week low of $45.32 and a 52 week high of $63.54.

National Fuel Gas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.515 per share. The ex-dividend date was Monday, September 30th. This represents a $2.06 annualized dividend and a dividend yield of 3.32%. 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.