Filing Worth Mentioning: Learn Why Mario Gabelli’s Gamco Investors, Inc Et Al Just Purchased National Fuel Gas Co Stake?

Filing Worth Mentioning: Learn Why Mario Gabelli's Gamco Investors, Inc Et Al Just Purchased National Fuel Gas Co Stake?

The New Mario Gabelli’s Gamco Investors, Inc Et Al Holding in National Fuel Gas Co

Gamco Investors, Inc Et Al filed with the SEC SC 13D/A form for National Fuel Gas Co. The form can be accessed here: 000080724916000490. As reported in Mario Gabelli’s Gamco Investors, Inc Et Al’s form, the filler as of late owns 0.08% or 3,367,400 shares of the Utilities & Telecommunications–company.

National Fuel Gas Co stake is a new one for the for the hedge fund and it was filed because of activity on November 28, 2016. We feel this shows Mario Gabelli’s Gamco Investors, Inc Et Al’s positive view for the stock.

The hedge fund is active investor in the Utilities & Telecommunications sector. In the manager’s last 13-F, we saw 11% of Mario Gabelli’s Gamco Investors, Inc Et Al’s US equities portfolio is in this sector.

Reasons Why Mario Gabelli’s Gamco Investors, Inc Et Al Bought – National Fuel Gas Co Stock

Purpose of Transaction

Item 4 to Schedule 13D is amended, in pertinent part, as follows:

Lance Bakrow informed GAMCO this morning that he has decided to withdraw him name as a candidate for Director of National Fuel Gas Company.

GAMCO will not pursue Proxy Access.

National Fuel Gas Co Institutional Sentiment

Latest Security and Exchange filings show 317 investors own National Fuel Gas Co. The institutional ownership in Q3 2015 is very high, at 59.89% of the outstanding shares. This is decreased by 6271798 the total institutional shares. 51006127 were the shares owned by these institutional investors. In total 42 funds opened new National Fuel Gas Co stakes, 110 increased stakes. There were 31 that closed positions and 102 reduced them.

3 managers had the stock in their top Ten. Notable investors are: Gabelli Funds Llc, Nuance Investments Llc, Gamco Investors Inc. Et Al, Private Capital Management Llc, Robshaw & Julian Associates Inc..

Thomas M. Fitzgerald Longbow Capital Partners Lp is an institutional investor bullish on National Fuel Gas Co, owning 11706 shares as of Q3 2015 for 1.70% of its portfolio. Private Capital Management Llc owns 373762 shares or 2.22% of its portfolio. KS Nuance Investments Llc have 11.32% of their stock portfolio for 2071928 shares. Further, Gamco Investors Inc Et Al reported stake worth 1.13% of its US stock portfolio. The NY Gabelli Funds Llc owns 3733100 shares. National Fuel Gas Co is 1.11% of the manager’s US portfolio.

Business Profile

National Fuel Gas Company is a holding company. The Company is an energy company engaged in the production, gathering, transportation, distribution and marketing of natural gas. The Company operates through five segments: Exploration and Production, including operations carried out through its subsidiary, Seneca Resources Corporation; Pipeline and Storage, including operations carried out through its subsidiaries, National Fuel Gas Supply Corporation and Empire Pipeline, Inc.; Gathering, including operations carried out through subsidiaries of National Fuel Gas Midstream Corporation; Utility, including operations are carried out by through its subsidiary, Distribution Corporation, and Energy Marketing, including operations carried out through its subsidiary, National Fuel Resources, Inc. The Company operates an integrated business, with assets centered in western New York and Pennsylvania. The Company also develops and produces oil reserves, primarily in California.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment increased to 1.38 in 2016 Q2. Its up 0.11, from 1.27 in 2016Q1. The ratio improved, as 25 funds sold all National Fuel Gas Co. shares owned while 82 reduced positions. 41 funds bought stakes while 95 increased positions. They now own 52.65 million shares or 5.38% less from 55.65 million shares in 2016Q1.

Aristotle Cap Mngmt Ltd Limited Liability Company has 1.77% invested in the company for 2.88M shares. Crestpoint Capital Mgmt Ltd Llc reported 6,200 shares or 0.19% of all its holdings. Mercer Advisers Inc has 0.03% invested in the company for 600 shares. Moreover, Wellington Shields Cap Mgmt Limited Co has 0.07% invested in National Fuel Gas Co. (NYSE:NFG) for 7,000 shares. Moreover, Huber Capital Mngmt has 0.06% invested in National Fuel Gas Co. (NYSE:NFG) for 25,800 shares. Legal And General Gp Inc Public Limited Company accumulated 73,133 shares or 0% of the stock. Alexandria Cap Ltd Limited Liability Company last reported 0.01% of its portfolio in the stock. Blackrock Advisors Limited Liability Corp holds 0.01% or 126,117 shares in its portfolio. Aston Asset Mngmt Limited Liability Com owns 31,224 shares or 1.09% of their US portfolio. Cutler Invest Counsel Ltd accumulated 1.38% or 87,185 shares. Brave Asset, a New Jersey-based fund reported 180 shares. The Michigan-based Columbia Asset Management has invested 0.12% in National Fuel Gas Co. (NYSE:NFG). Kings Point holds 525 shares or 0.01% of its portfolio. The Kansas-based Creative Planning has invested 0.01% in National Fuel Gas Co. (NYSE:NFG). Ingalls And Snyder Lc last reported 0.03% of its portfolio in the stock.

Insider Transactions: Since September 1, 2016, the stock had 0 insider buys, and 4 selling transactions for $10.87 million net activity. ACKERMAN PHILIP C also sold $5.84M worth of National Fuel Gas Co. (NYSE:NFG) shares. On Wednesday, September 7 PUSTULKA JOHN R sold $702,960 worth of the stock or 12,000 shares. $2.77M worth of National Fuel Gas Co. (NYSE:NFG) was sold by SMITH DAVID F on Thursday, September 1.

Analysts await National Fuel Gas Co. (NYSE:NFG) to report earnings on February, 2. They expect $0.85 EPS, up 8.97% or $0.07 from last year’s $0.78 per share. NFG’s profit will be $72.59M for 16.74 P/E if the $0.85 EPS becomes a reality. After $0.66 actual EPS reported by National Fuel Gas Co. for the previous quarter, Wall Street now forecasts 28.79% EPS growth.

About 57,051 shares traded hands. National Fuel Gas Co. (NYSE:NFG) has risen 5.82% since April 25, 2016 and is uptrending. It has underperformed by 0.20% the S&P500.

National Fuel Gas Company is a holding company. The company has a market cap of $4.86 billion. The Firm is an energy firm engaged in the production, gathering, transportation, distribution and marketing of natural gas. It currently has negative earnings. The Firm operates through five divisions: Exploration and Production, including activities carried out through its subsidiary, Seneca Resources Corporation; Pipeline and Storage, including activities carried out through its subsidiaries, National Fuel Gas Supply Corporation and Empire Pipeline, Inc.; Gathering, including activities carried out through subsidiaries of National Fuel Gas Midstream Corporation; Utility, including activities are carried out by through its subsidiary, Distribution Corporation, and Energy Marketing, including activities carried out through its subsidiary, National Fuel Resources, Inc.

National Fuel Gas Co. (NYSE:NFG) Ratings Coverage

Out of 3 analysts covering National Fuel Gas Co. (NYSE:NFG), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. $68 is the highest target while $5 is the lowest. The $45.50 average target is -20.05% below today’s ($56.91) stock price. National Fuel Gas Co. has been the topic of 8 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The rating was maintained by Howard Weil on Tuesday, November 17 with “Sector Perform”. The firm has “Buy” rating by Jefferies given on Thursday, July 23. The firm has “Buy” rating given on Thursday, October 13 by Jefferies. The stock of National Fuel Gas Co. (NYSE:NFG) has “Hold” rating given on Monday, April 18 by Jefferies. Barclays Capital maintained it with “Equal-Weight” rating and $61 target price in Wednesday, August 10 report.

More recent National Fuel Gas Co. (NYSE:NFG) news were published by: Bna.com which released: “First Proxy Access Nominee? Not So Fast Says National Fuel Gas Co.” on November 28, 2016. Also Forbes.com published the news titled: “Ex-Dividend Reminder: Pattern Energy Group, National Fuel Gas and Danaher” on September 26, 2016. Seekingalpha.com‘s news article titled: “National Fuel Gas Co’s (NFG) CEO Ron Tanski on Q3 2016 Results – Earnings Call …” with publication date: August 05, 2016 was also an interesting one.

According to Zacks Investment Research, “National Fuel Gas Co. is engaged in the business of owning and holding securities issued by its subsidiary companies. The company is a diversified energy company consisting of the following six reportable business segments: Utility; Pipeline and Storage; Exploration and Production; International; Energy Marketing; and Timber.”

NFG Company Profile

National Fuel Gas Company, incorporated in 1902, is a holding company. The Firm is an energy firm engaged in the production, gathering, transportation, distribution and marketing of natural gas. The Firm operates through five divisions: Exploration and Production, Pipeline and Storage, Gathering, Utility and Energy Marketing. The Firm operates an integrated business, with assets centered in western New York and Pennsylvania. The Firm also develops and produces oil reserves, primarily in California. The Company, through its subsidiaries, coordinates projects that are designed to produce and transport natural gas from the Marcellus Shale to markets in Canada and the eastern United States.

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