Hedge funds cut NFLX, keep big bets on MSFT, AMZN, add NVDA
National Fuel Gas Company (NYSE:NFG) has reached an all-time high, with its stock price soaring to $79.98. This milestone underscores a period of remarkable growth for the energy company, which has seen its stock value surge by 55.4% over the past year. According to InvestingPro data, the stock is currently trading slightly above its Fair Value, with analysts setting price targets between $76 and $84. Investors have shown increasing confidence in NFG’s market position and financial performance, propelling the stock to new heights and outpacing many of its industry peers. The company’s strategic initiatives, including aggressive share buybacks, and its impressive 54-year streak of consecutive dividend increases have contributed to this upward trajectory. InvestingPro analysis reveals 12+ additional insights about NFG’s performance and outlook, available exclusively to subscribers. The company’s robust demand for natural gas and expected sales growth this year reflect strong investor sentiment and a positive outlook for the energy sector.
In other recent news, National Fuel Gas Company reported its Q1 fiscal 2025 earnings, revealing earnings per share (EPS) of $1.66, which surpassed analyst projections of $1.51. However, the company’s revenue fell short of expectations, coming in at $549.48 million against a forecast of $616.87 million. National Fuel Gas also raised its fiscal 2025 earnings guidance by 17%, reflecting confidence in its future performance. Additionally, the company has issued $1 billion in new notes, split between 5.50% notes due 2030 and 5.95% notes due 2035, indicating efforts to secure long-term financing. In another strategic move, National Fuel Gas announced plans to redeem $950 million in notes earlier than their scheduled maturity dates. This decision aligns with the company’s strategy to manage its debt load effectively. Furthermore, the company declared a regular quarterly dividend of 51.5 cents per share, reinforcing its commitment to shareholder returns. These developments highlight National Fuel Gas’s ongoing financial maneuvers and strategic initiatives.
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