New York State Teachers Retirement System Reduces Stake in National Fuel Gas (NYSE:NFG)

New York State Teachers Retirement System lowered its stake in National Fuel Gas (NYSE:NFG) by 0.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 100,210 shares of the oil and gas producer’s stock after selling 379 shares during the quarter. New York State Teachers Retirement System owned approximately 0.11% of National Fuel Gas worth $6,074,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. V Square Quantitative Management LLC purchased a new stake in shares of National Fuel Gas in the third quarter worth $29,000. Beacon Capital Management LLC purchased a new stake in shares of National Fuel Gas in the 1st quarter valued at about $27,000. GAMMA Investing LLC boosted its position in shares of National Fuel Gas by 38.6% during the 3rd quarter. GAMMA Investing LLC now owns 696 shares of the oil and gas producer’s stock valued at $42,000 after acquiring an additional 194 shares during the last quarter. Valley National Advisers Inc. purchased a new position in shares of National Fuel Gas during the second quarter worth about $37,000. Finally, LRI Investments LLC bought a new position in shares of National Fuel Gas in the first quarter worth approximately $46,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

National Fuel Gas Trading Up 1.2 %

NFG stock opened at $60.50 on Wednesday. National Fuel Gas has a one year low of $45.32 and a one year high of $63.54. The company has a market capitalization of $5.53 billion, a PE ratio of 17.54 and a beta of 0.62. The company’s 50 day moving average price is $60.51 and its two-hundred day moving average price is $57.78. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.65 and a current ratio of 0.77.

National Fuel Gas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend was Monday, September 30th. National Fuel Gas’s dividend payout ratio is presently 59.71%.

Insider Buying and Selling at National Fuel Gas

In other news, General Counsel Michael W. Reville sold 1,700 shares of National Fuel Gas stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $60.77, for a total value of $103,309.00. Following the transaction, the general counsel now owns 8,203 shares in the company, valued at approximately $498,496.31. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.55% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on NFG. JPMorgan Chase & Co. dropped their target price on shares of National Fuel Gas from $64.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. StockNews.com lowered shares of National Fuel Gas from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. Bank of America started coverage on National Fuel Gas in a research note on Monday, October 28th. They issued an “underperform” rating and a $62.00 target price on the stock. Finally, Scotiabank lifted their price target on 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 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.