Donna L. DeCarolis, President of National Fuel Gas Distribution Corporation, recently sold 10,000 shares of National Fuel Gas Co. (NYSE:NFG) common stock. The shares were sold at an average price of $62.577, totaling approximately $625,770. The transaction comes as NFG shows strong momentum with a 25% year-to-date return and maintains its impressive 53-year streak of consecutive dividend increases. According to InvestingPro analysis, the stock is currently trading near its Fair Value. Following this transaction, DeCarolis holds 81,519 shares directly.
Additionally, DeCarolis acquired 6,723 shares through a transaction with no associated cost, bringing her total direct ownership to 88,242 shares. The report also includes the withholding and cancellation of 3,433 shares and 633 shares for tax purposes related to performance share vesting, which did not involve market sales. With a GOOD overall financial health score and strong dividend profile, NFG remains a notable player in the utility sector. Discover more insights and 8 additional ProTips for NFG on InvestingPro.
In other recent news, National Fuel Gas reported its Q4 Fiscal 2024 earnings, highlighting an adjusted operating result of $0.77 per share. Despite low prices, a strong hedge book contributed a $61 million gain, offsetting the impact. The company also reported a 5% year-over-year production increase, primarily in the Eastern Development Area. National Fuel Gas remains hopeful about future growth and is committed to shareholder value, focusing on dividends and share buybacks. Other recent developments include the filing of the Tioga Pathway project FERC application, targeting service by fall 2026, and the halt of the Northern Access project, resulting in a $34 million impairment. Analysts from the company forecast an adjusted EPS guidance of $5.50 to $6.00 for Fiscal 2025, with 63% of production hedged at $3.44. National Fuel Gas is also executing a $200 million share buyback program.
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