Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of National Fuel Gas Company (NYSE:NFG) by 18.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,878 shares of the oil and gas producer’s stock after purchasing an additional 445 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in National Fuel Gas were worth $161,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. SRS Capital Advisors Inc. raised its stake in shares of National Fuel Gas by 0.7% during the first quarter. SRS Capital Advisors Inc. now owns 4,831 shares of the oil and gas producer’s stock valued at $288,000 after purchasing an additional 33 shares in the last quarter. World Asset Management Inc raised its stake in shares of National Fuel Gas by 1.0% during the first quarter. World Asset Management Inc now owns 5,642 shares of the oil and gas producer’s stock valued at $336,000 after purchasing an additional 56 shares in the last quarter. Baird Financial Group Inc. raised its stake in shares of National Fuel Gas by 0.6% during the first quarter. Baird Financial Group Inc. now owns 21,587 shares of the oil and gas producer’s stock valued at $1,287,000 after purchasing an additional 135 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of National Fuel Gas by 1.4% during the first quarter. Advisors Asset Management Inc. now owns 10,324 shares of the oil and gas producer’s stock valued at $616,000 after purchasing an additional 146 shares in the last quarter. Finally, Commerce Bank raised its stake in shares of National Fuel Gas by 4.1% during the first quarter. Commerce Bank now owns 4,262 shares of the oil and gas producer’s stock valued at $254,000 after purchasing an additional 168 shares in the last quarter. Institutional investors and hedge funds own 71.78% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece was reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. and international copyright & trademark law. The legal version of this piece can be viewed at https://theolympiareport.com/2017/09/19/zurcher-kantonalbank-zurich-cantonalbank-buys-445-shares-of-national-fuel-gas-company-nfg.html.

Shares of National Fuel Gas Company (NYSE NFG) opened at 58.90 on Tuesday. National Fuel Gas Company has a 52 week low of $50.61 and a 52 week high of $61.25. The company’s 50 day moving average is $58.43 and its 200-day moving average is $57.59. The company has a market capitalization of $5.04 billion, a PE ratio of 18.34 and a beta of 0.98.

National Fuel Gas (NYSE:NFG) last posted its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.69 EPS for the quarter, hitting analysts’ consensus estimates of $0.69. The company had revenue of $348.37 million for the quarter, compared to analyst estimates of $373.86 million. National Fuel Gas had a return on equity of 18.31% and a net margin of 17.38%. During the same quarter in the previous year, the firm earned $0.68 earnings per share. On average, analysts expect that National Fuel Gas Company will post $3.33 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be paid a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Thursday, September 28th. National Fuel Gas’s dividend payout ratio is currently 51.71%.

A number of brokerages recently weighed in on NFG. BidaskClub upgraded shares of National Fuel Gas from a “hold” rating to a “buy” rating in a research note on Monday, June 19th. Jefferies Group LLC restated a “hold” rating and set a $54.00 price objective (up from $52.00) on shares of National Fuel Gas in a research note on Friday, September 1st. Scotiabank set a $60.00 price objective on shares of National Fuel Gas and gave the company a “hold” rating in a research note on Tuesday, August 22nd. TheStreet upgraded shares of National Fuel Gas from a “c+” rating to a “b” rating in a research note on Friday, June 16th. Finally, ValuEngine cut shares of National Fuel Gas from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Six equities research analysts have rated the stock with a hold rating, National Fuel Gas presently has an average rating of “Hold” and an average price target of $59.67.

National Fuel Gas Profile

National Fuel Gas Company is a holding company. The Company is an energy company engaged principally in the production, gathering, transportation, distribution and marketing of natural gas. The Company operates in five business segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing.

Want to see what other hedge funds are holding NFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Fuel Gas Company (NYSE:NFG).

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

Receive News & Ratings for National Fuel Gas Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Fuel Gas Company and related companies with Analyst Ratings Network's FREE daily email newsletter.