Teachers Retirement System of The State of Kentucky Sells 800 Shares of National Fuel Gas (NYSE:NFG)

Teachers Retirement System of The State of Kentucky reduced its holdings in shares of National Fuel Gas (NYSE:NFG) by 2.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 29,851 shares of the oil and gas producer’s stock after selling 800 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in National Fuel Gas were worth $1,809,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Capital Performance Advisors LLP bought a new position in National Fuel Gas in the third quarter valued at about $28,000. V Square Quantitative Management LLC bought a new stake in shares of National Fuel Gas during the 3rd quarter valued at approximately $29,000. Venturi Wealth Management LLC acquired a new position in National Fuel Gas during the 3rd quarter worth approximately $35,000. GAMMA Investing LLC lifted its stake in National Fuel Gas by 38.6% in the 3rd quarter. GAMMA Investing LLC now owns 696 shares of the oil and gas producer’s stock valued at $42,000 after purchasing an additional 194 shares during the last quarter. Finally, Safe Harbor Fiduciary LLC acquired a new stake in National Fuel Gas in the third quarter valued at approximately $46,000. 73.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Scotiabank upped 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 report on Tuesday, August 20th. Argus raised National Fuel Gas to a “strong-buy” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. cut their price target on National Fuel Gas from $65.00 to $64.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th. Bank of America began coverage on National Fuel Gas in a report on Monday, October 28th. They set an “underperform” rating and a $62.00 price target on the stock. Finally, StockNews.com upgraded shares of National Fuel Gas from a “sell” rating to a “hold” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $69.00.

National Fuel Gas Stock Down 0.8 %

Shares of NFG opened at $60.85 on Tuesday. The company has a market capitalization of $5.53 billion, a PE ratio of 75.12 and a beta of 0.63. The stock’s 50-day moving average price is $61.59 and its two-hundred day moving average price is $59.17. The company has a current ratio of 0.32, a quick ratio of 0.25 and a debt-to-equity ratio of 0.77. National Fuel Gas has a 12 month low of $45.32 and a 12 month high of $65.06.

National Fuel Gas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.39%. The ex-dividend date is Tuesday, December 31st. National Fuel Gas’s payout ratio is presently 254.32%.

Insider Buying and Selling at National Fuel Gas

In related news, insider Donna L. Decarolis sold 10,000 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $62.58, for a total value of $625,800.00. Following the transaction, the insider now owns 81,519 shares in the company, valued at $5,101,459.02. The trade was a 10.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Justin I. Loweth sold 19,532 shares of the stock in a transaction dated 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 sale, the insider now owns 41,841 shares of the company’s stock, valued at approximately $2,605,439.07. The trade was a 31.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,232 shares of company stock valued at $1,945,367. 1.55% of the stock is currently owned by company insiders.

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.