National Fuel Gas (NYSE:NFG) 주식

National Fuel Gas

National Fuel Gas Co is a diversified energy company engaged in the production, gathering, transportation, distribution, and marketing of natural gas. The operating segments of the company are the Exploration and Production segment, the Pipeline and Storage segment, the Gathering segment, and the Utility segment. The company generates a majority of its revenue from the Exploration and Production segment which is engaged in the exploration for, and the development and production of, natural gas in the Appalachian region of the United States. Geographically, the company operates in the United States.

National Fuel Gas Co

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Here are three stocks with buy rank and strong income characteristics for investors to consider today, February 10th:
Peoples Financial Services Corp. PFIS: This bank holding company for Peoples Security Bank and Trust Company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.2% over the last 60 days.
<div class="chart_embed">
<h3>Peoples Financial Services Corp. Price and Consensus</h3>
<a href="https://www.zacks.com/stock/chart/PFIS/price-consensus-chart?icid=chart-PFIS-price-consensus-chart"><img alt="Peoples Financial Services Corp. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/ae/1739174239.png" style="height:264px; width:568px" title="" /> </a>
<a href="https://www.zacks.com/stock/chart/PFIS/price-consensus-chart?icid=chart-PFIS-price-consensus-chart">Peoples Financial Services Corp. price-consensus-chart</a> | <a href="https://www.zacks.com/stock/quote/PFIS?icid=chart-PFIS-price-consensus-chart">Peoples Financial Services Corp. Quote</a>
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This Zacks Rank #1 company has a dividend yield of 4.9%, compared with the industry average of 2.5%.
<div class="chart_embed">
<h3>Peoples Financial Services Corp. Dividend Yield (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ttm#NYSE">TTM</a>)</h3>
<a href="https://www.zacks.com/stock/chart/PFIS/fundamental/dividend-yield-ttm?icid=chart-PFIS-fundamental/dividend-yield-ttm">TTM</a>)&quot; height=&quot;250&quot; src=&quot;https://staticx-tuner.zacks.com/images/charts/7e/1739174461.png&quot; title=&quot;&quot; width=&quot;527&quot; /&gt;
<a href="https://www.zacks.com/stock/chart/PFIS/fundamental/dividend-yield-ttm?icid=chart-PFIS-fundamental/dividend-yield-ttm">Peoples Financial Services Corp. dividend-yield-ttm</a> | <a href="https://www.zacks.com/stock/quote/PFIS?icid=chart-PFIS-fundamental/dividend-yield-ttm">Peoples Financial Services Corp. Quote</a>
</div>
National Fuel Gas Company NFG: This diversified energy company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days.
<div class="chart_embed">
<h3>National Fuel Gas Company Price and Consensus</h3>
<a href="https://www.zacks.com/stock/chart/NFG/price-consensus-chart?icid=chart-NFG-price-consensus-chart"><img alt="National Fuel Gas Company Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/65/1739174248.png" style="height:264px; width:568px" title="" /> </a>
<a href="https://www.zacks.com/stock/chart/NFG/price-consensus-chart?icid=chart-NFG-price-consensus-chart">National Fuel Gas Company price-consensus-chart</a> | <a href="https://www.zacks.com/stock/quote/NFG?icid=chart-NFG-price-consensus-chart">National Fuel Gas Company Quote</a>
</div>
This Zacks Rank #1 company has a dividend yield of 2.9%, compared with the industry average of 2.3%.
<div class="chart_embed">
<h3>National Fuel Gas Company Dividend Yield (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ttm#NYSE">TTM</a>)</h3>
<a href="https://www.zacks.com/stock/chart/NFG/fundamental/dividend-yield-ttm?icid=chart-NFG-fundamental/dividend-yield-ttm">TTM</a>)&quot; height=&quot;250&quot; src=&quot;https://staticx-tuner.zacks.com/images/charts/03/1739174486.png&quot; title=&quot;&quot; width=&quot;527&quot; /&gt;
<a href="https://www.zacks.com/stock/chart/NFG/fundamental/dividend-yield-ttm?icid=chart-NFG-fundamental/dividend-yield-ttm">National Fuel Gas Company dividend-yield-ttm</a> | <a href="https://www.zacks.com/stock/quote/NFG?icid=chart-NFG-fundamental/dividend-yield-ttm">National Fuel Gas Company Quote</a>
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Annaly Capital Management, Inc. NLY: This diversified mortgage financing company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6% over the last 60 days.
<div class="chart_embed">
<h3>Annaly Capital Management Inc Price and Consensus</h3>
<a href="https://www.zacks.com/stock/chart/NLY/price-consensus-chart?icid=chart-NLY-price-consensus-chart"><img alt="Annaly Capital Management Inc Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/f9/1739174264.png" style="height:264px; width:568px" title="" /> </a>
<a href="https://www.zacks.com/stock/chart/NLY/price-consensus-chart?icid=chart-NLY-price-consensus-chart">Annaly Capital Management Inc price-consensus-chart</a> | <a href="https://www.zacks.com/stock/quote/NLY?icid=chart-NLY-price-consensus-chart">Annaly Capital Management Inc Quote</a>
</div>
This Zacks Rank #1 company has a dividend yield of 12.7%, compared with the industry average of 11.2%.
<div class="chart_embed">
<h3>Annaly Capital Management Inc Dividend Yield (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ttm#NYSE">TTM</a>)</h3>
<a href="https://www.zacks.com/stock/chart/NLY/fundamental/dividend-yield-ttm?icid=chart-NLY-fundamental/dividend-yield-ttm">TTM</a>)&quot; height=&quot;250&quot; src=&quot;https://staticx-tuner.zacks.com/images/charts/66/1739174528.png&quot; title=&quot;&quot; width=&quot;533&quot; /&gt;
<a href="https://www.zacks.com/stock/chart/NLY/fundamental/dividend-yield-ttm?icid=chart-NLY-fundamental/dividend-yield-ttm">Annaly Capital Management Inc dividend-yield-ttm</a> | <a href="https://www.zacks.com/stock/quote/NLY?icid=chart-NLY-fundamental/dividend-yield-ttm">Annaly Capital Management Inc Quote</a>
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<a href="https://www.zacks.com/registration/pfp?ALERT=ZER_LINK&amp;t=NFG&amp;ADID=SYND_BENZ_TCK_ZACKS1RANKADDITIONS_270_2412400_NFG&amp;cid=CS-BENZ-FT-zacks_1_rank_additions|income_additions-2412400">National Fuel Gas Company (NYSE: </a><a class="ticker" href="https://www.benzinga.com/stock/nfg#NYSE">NFG</a>): Free Stock Analysis Report 
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<a href="https://www.zacks.com/registration/pfp?ALERT=ZER_LINK&amp;t=NLY&amp;ADID=SYND_BENZ_TCK_ZACKS1RANKADDITIONS_270_2412400_NLY&amp;cid=CS-BENZ-FT-zacks_1_rank_additions|income_additions-2412400">Annaly Capital Management Inc (NYSE: </a><a class="ticker" href="https://www.benzinga.com/stock/nly#NYSE">NLY</a>): Free Stock Analysis Report 
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<a href="https://www.zacks.com/registration/pfp?ALERT=ZER_LINK&amp;t=PFIS&amp;ADID=SYND_BENZ_TCK_ZACKS1RANKADDITIONS_270_2412400_PFIS&amp;cid=CS-BENZ-FT-zacks_1_rank_additions|income_additions-2412400">Peoples Financial Services Corp. (PFIS): Free Stock Analysis Report</a>
<a href="https://www.zacks.com/commentary/2412400/best-income-stocks-to-buy-for-february-10th?cid=CS-BENZ-FT-zacks_1_rank_additions|income_additions-2412400">To read this article on Zacks.com click here.</a>
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National  Fuel shares are trading higher afterthe company reported better-than-expected Q1 adjusted EPS results and raised its FY25 adjsuted EPS guidance above estimates.

National Fuel Gas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NFG#NYSE">NFG</a>) just disclosed its Q1 earnings on Wednesday, January 29, 2025 at 04:45 PM.
Here's a brief overview of the earnings report.
<h3>Earnings</h3>
National Fuel Gas beat estimated earnings by 6.0%, reporting an EPS of $1.66 versus an estimate of $1.56.
Revenue was up $24.12 million from the same period last year.
<h3>Earnings History Overview</h3>
In the previous quarter, the company missed on EPS by $0.07, resulting in a 6.0% drop change in the share price the following day.
Here's a look at National Fuel Gas's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.84</td>
<td>0.96</td>
<td>1.54</td>
<td>1.33</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.77</td>
<td>0.99</td>
<td>1.79</td>
<td>1.46</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>524.69M</td>
<td>536.36M</td>
<td>772.35M</td>
<td>664.57M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>372.07M</td>
<td>417.44M</td>
<td>629.94M</td>
<td>525.36M</td>
</tr>
</tbody>
</table>

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Guidance</h3>
National Fuel Gas management provided guidance for FY 2025, expecting earnings between $6.5 and $7.0 per share.
To track all earnings releases for National Fuel Gas <a href="https://www.benzinga.com/quote/NFG/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

National Fuel Gas Earnings Analysis: Q1 Recap

Guidance

National Fuel Raises FY25 Adj. EPS Guidance To $6.50-$7.00 vs $6.40 Est., Cites Higher Forecasted Natural Gas Prices And Ongoing Improvements In Outlook For Each Segment

National Fuel Gas Q1 2025 Adj. EPS $1.66 Beats $1.52 Estimate, Sales $549.482M Miss $617.143M Estimate

<h3>Companies Reporting Before The Bell</h3>
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• Otis Worldwide (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OTIS#NYSE">OTIS</a>) is likely to report quarterly earnings at $0.96 per share on revenue of $3.63 billion. 
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• Wabash National (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WNC#NYSE">WNC</a>) is expected to report quarterly earnings at $0.03 per share on revenue of $412.92 million. 
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• MSCI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSCI#NYSE">MSCI</a>) is estimated to report quarterly earnings at $3.96 per share on revenue of $747.63 million. 
• Hess Midstream (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HESM#NYSE">HESM</a>) is estimated to report quarterly earnings at $0.75 per share on revenue of $388.90 million. 
• Monro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNRO#NASDAQ">MNRO</a>) is likely to report quarterly earnings at $0.30 per share on revenue of $311.88 million. 
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• Eagle Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXP#NYSE">EXP</a>) is likely to report quarterly earnings at $4.00 per share on revenue of $575.21 million. 
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• Hawkins (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWKN#NASDAQ">HWKN</a>) is expected to report quarterly earnings at $0.92 per share on revenue of $219.22 million. 
• Levi Strauss (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>) is estimated to report quarterly earnings at $0.48 per share on revenue of $1.73 billion. 
• Ameriprise Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMP#NYSE">AMP</a>) is likely to report quarterly earnings at $9.19 per share on revenue of $4.47 billion. 
• Ethan Allen Interiors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETD#NYSE">ETD</a>) is likely to report quarterly earnings at $0.61 per share on revenue of $160.60 million. 
• Selective Insurance Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIGI#NASDAQ">SIGI</a>) is estimated to report quarterly earnings at $2.01 per share on revenue of $1.27 billion. 
• ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) is projected to report quarterly earnings at $3.65 per share on revenue of $2.96 billion. 
• SEI Inv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEIC#NASDAQ">SEIC</a>) is likely to report quarterly earnings at $1.20 per share on revenue of $555.43 million. 
• Dolby Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLB#NYSE">DLB</a>) is expected to report quarterly earnings at $1.05 per share on revenue of $346.15 million. 
• Celestica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLS#NYSE">CLS</a>) is likely to report quarterly earnings at $1.04 per share on revenue of $2.51 billion. 
• Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) is projected to report quarterly earnings at $6.73 per share on revenue of $46.98 billion. 
• Raymond James Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RJF#NYSE">RJF</a>) is expected to report quarterly earnings at $2.66 per share on revenue of $3.47 billion. 
• National Fuel Gas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NFG#NYSE">NFG</a>) is estimated to report quarterly earnings at $1.53 per share on revenue of $615.17 million. 
• MaxLinear (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MXL#NASDAQ">MXL</a>) is estimated to report quarterly loss at $0.13 per share on revenue of $90.00 million. 
• Brookline Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRKL#NASDAQ">BRKL</a>) is likely to report quarterly earnings at $0.24 per share on revenue of $90.68 million. 
• Canadian Pacific Kansas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) is estimated to report quarterly earnings at $1.27 per share on revenue of $3.96 billion. 
• IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) is likely to report quarterly earnings at $3.79 per share on revenue of $17.60 billion. 
• Bridgewater Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BWB#NASDAQ">BWB</a>) is expected to report quarterly earnings at $0.24 per share on revenue of $27.65 million. 
• Axis Capital Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXS#NYSE">AXS</a>) is estimated to report quarterly earnings at $2.53 per share on revenue of $1.33 billion. 
• C.H. Robinson Worldwide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>) is estimated to report quarterly earnings at $1.11 per share on revenue of $4.43 billion. 
• Core Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLB#NYSE">CLB</a>) is projected to report quarterly earnings at $0.21 per share on revenue of $133.59 million. 
• Calix (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CALX#NYSE">CALX</a>) is expected to report quarterly earnings at $0.07 per share on revenue of $203.91 million. 
• Cimpress (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMPR#NASDAQ">CMPR</a>) is projected to report quarterly earnings at $2.38 per share on revenue of $968.96 million. 
• Century Communities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCS#NYSE">CCS</a>) is projected to report quarterly earnings at $3.18 per share on revenue of $1.28 billion. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For January 29, 2025

Surging liquefied natural gas exports and a structurally strong demand outlook are setting the stage for higher natural gas prices, <a href="https://www.benzinga.com/topic/expert-ideas">according to Goldman Sachs.</a> 
In a note shared Wednesday, analyst Neil Mehta delivered a bullish outlook for Antero Resources Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AR#NYSE">AR</a>) and National Fuel Gas Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NFG#NYSE">NFG</a>) ahead of their fourth-quarter earnings.
&#8220;We view the secular demand outlook for natural gas as strong, with significant catalysts ahead in LNG export capacity ramping in 2025,&#8221; Mehta said.
Natural gas prices — as tracked by the U.S. Natural Gas Fund LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNG#NYSE">UNG</a>) — have already staged an impressive rally, with Henry Hub futures more than doubling in the past six months to near $4 per million British thermal units.
Yet, Goldman sees more room to run, particularly for companies with exposure to key export hubs.
<h3 class="wp-block-heading">Antero: Positioned For A Natural Gas Price Boom</h3>
Goldman Sachs reaffirmed its &#8216;Buy&#8217; rating on Antero Resources, raising its 12-month price target from $39 to $44 as the company stands to gain from increasing LNG exports.
&#8220;We believe AR is positively positioned to capture the inflection in natural gas prices given its unhedged position and exposure to Plaquemines," Metha said.
With direct access to Gulf Coast markets via the Tennessee Gas Pipeline 500L, Antero is set to benefit as U.S. LNG export capacity ramps up in 2025.
Goldman Sachs now expects Antero to generate free cash flow at an 8.5% yield in 2026, down from a previous 9.5% estimate, reflecting higher valuation confidence. 
The bank also raised its 2024-2026 EBITDA forecasts to $872 million, $1.52 billion, and $2.31 billion, adjusting for commodity price movements.
Still, risks remain. A drop in natural gas and NGL prices, unexpected cost pressures, or regulatory hurdles could weigh on Antero's outlook.
<h3 class="wp-block-heading">National Fuel Gas: A More Defensive Play</h3>
Goldman Sachs maintained a &#8216;Neutral&#8217; rating on National Fuel Gas, though it raised its 12-month price target to $76 per share from $71. The bank also lowered its 2026 free cash flow yield estimate to 6.5% from 7%, reflecting improved confidence in natural gas demand and its impact on the company's non-regulated earnings.
"We expect shares to remain more defensive relative to our upstream natural gas coverage," Mehta said, noting that National Fuel Gas trades at a 7% free cash flow yield for 2026, below the 9% peer average.
Goldman Sachs increased its 2024-2026 EBITDA estimates to $1.19 billion, $1.37 billion, and $1.61 billion, slightly adjusting its prior forecasts based on updated commodity pricing and regulatory developments. 
The bank is watching the company&#8217;s New York Utility rate case, its 2025 capital spending plans, and a potential expansion of share repurchases.
<h3 class="wp-block-heading">Market Reactions</h3>
Data released by the U.S. Energy Information Administration on Thursday showed that U.S. natural gas storage levels fell by 223 billion cubic feet in the week ending January 17, 2025, following a 258 bcf draw the previous week and missing expectations for a 244 bcf decline.
Henry Hub natural gas prices were up 1.6% to $4.01/MMBtu on Thursday, following a 5.4% surge the previous session. 
Shares of Antero Resources rose 0.7% by 10:30 a.m. ET, on track for the highest session close since mid-September 2022. Shares of National Fuel Gas Co. also edged up by 0.7%, eyeing their tenth positive session in the last eleven. 
Now Read: 
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<li><a href="https://www.benzinga.com/news/large-cap/25/01/43137560/golds-blowout-rally-puts-spotlight-on-miners-will-they-finally-catch-up">Gold&#8217;s Blowout Rally Puts Spotlight On Miners: Will They Finally Catch Up?</a></li>
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Goldman Sachs Sees Strong 'Secular Demand' For Natural Gas, Raises Estimates On Two Industry Players

JP Morgan analyst Zach Parham maintains National Fuel Gas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NFG#NYSE">NFG</a>) with a Neutral and lowers the price target from $65 to $64.

Price Target

Analyst Ratings

JP Morgan Maintains Neutral on National Fuel Gas, Lowers Price Target to $64

National Fuel Gas Company Sees FY25 Adj. Operating Results $5.50-$6.00 Per Share

National Fuel Gas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NFG#NYSE">NFG</a>) reported quarterly earnings of $0.77 per share which missed the analyst consensus estimate of $0.84 by 8.33 percent. The company reported quarterly sales of $372.07 million which missed the analyst consensus estimate of $524.69 million by 29.09 percent. This is a 0.85 percent increase over sales of $368.95 million the same period last year.

Earnings Misses

National Fuel Gas Q4 2024 Adj EPS $0.77 Misses $0.84 Estimate, Sales $372.07M Miss $524.69M Estimate

National Fuel Gas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NFG#NYSE">NFG</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-11-06. Here's what investors need to know before the announcement.
Analysts estimate that National Fuel Gas will report an earnings per share (EPS) of $0.84. 
Anticipation surrounds National Fuel Gas's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.03, which was followed by a 1.02% increase in the share price the next day.
Here's a look at National Fuel Gas's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.96</td>
<td>1.54</td>
<td>1.33</td>
<td>0.85</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.99</td>
<td>1.79</td>
<td>1.46</td>
<td>0.78</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.0%</td>
<td>3.0%</td>
<td>6.0%</td>
<td>3.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730826109_0_0.png" alt="eps graph" />
<h3>National Fuel Gas Share Price Analysis</h3>
Shares of National Fuel Gas were trading at $59.8 as of November 04. Over the last 52-week period, shares are up 18.92%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analyst Insights on National Fuel Gas</h3>
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding National Fuel Gas.
The consensus rating for National Fuel Gas is Neutral, based on 2 analyst ratings. With an average one-year price target of $71.5, there's a potential 19.57% upside.
<h3>Analyzing Ratings Among Peers</h3>
The following analysis focuses on the analyst ratings and average 1-year price targets of Southwest Gas Hldgs, UGI and New Jersey Resources, three prominent industry players, providing insights into their relative performance expectations and market positioning.
<ul>
<li>The consensus among analysts is an Neutral trajectory for Southwest Gas Hldgs, with an average 1-year price target of $74.0, indicating a potential 23.75% upside.</li>
<li>UGI received a Neutral consensus from analysts, with an average 1-year price target of $27.0, implying a potential 54.85% downside.</li>
<li>New Jersey Resources received a Neutral consensus from analysts, with an average 1-year price target of $49.0, implying a potential 18.06% downside.</li>
</ul>
<h3>Snapshot: Peer Analysis</h3>
The peer analysis summary presents essential metrics for Southwest Gas Hldgs, UGI and New Jersey Resources, unveiling their respective standings within the industry and providing valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>National Fuel Gas</td>
<td>Neutral</td>
<td>-2.63%</td>
<td>$170.46M</td>
<td>-1.69%</td>
</tr>
<tr>
<td>Southwest Gas Hldgs</td>
<td>Neutral</td>
<td>-8.62%</td>
<td>$200.52M</td>
<td>0.54%</td>
</tr>
<tr>
<td>UGI</td>
<td>Neutral</td>
<td>-16.82%</td>
<td>$741M</td>
<td>-1.03%</td>
</tr>
<tr>
<td>New Jersey Resources</td>
<td>Neutral</td>
<td>4.38%</td>
<td>$55.19M</td>
<td>-0.54%</td>
</tr>
</tbody>
</table>

Key Takeaway:
National Fuel Gas is at the bottom for Revenue Growth and Gross Profit, while it is in the middle for Return on Equity.
<h3>Delving into National Fuel Gas's Background</h3>
National Fuel Gas Co is a diversified energy company engaged in the production, gathering, transportation, distribution, and marketing of natural gas. The operating segments of the company are the Exploration and Production segment, the Pipeline and Storage segment, the Gathering segment, and the Utility segment. Geographically it generates revenue from the United States and majorly it generates revenue from Exploration and Production segment.
<h3>Unraveling the Financial Story of National Fuel Gas</h3>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: National Fuel Gas's revenue growth over a period of 3 months has faced challenges. As of 30 June, 2024, the company experienced a revenue decline of approximately -2.63%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Utilities sector.
Net Margin: National Fuel Gas's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -12.97%, the company may face hurdles in effective cost management.
Return on Equity (ROE): National Fuel Gas's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -1.69%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): National Fuel Gas's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -0.63%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: National Fuel Gas's debt-to-equity ratio is below the industry average at 0.86, reflecting a lower dependency on debt financing and a more conservative financial approach.
<a href="https://www.benzinga.com/quote/NFG/earnings">To track all earnings releases for National Fuel Gas visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

National Fuel Gas's Earnings Outlook

JP Morgan analyst Zach Parham maintains National Fuel Gas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NFG#NYSE">NFG</a>) with a Neutral and lowers the price target from $64 to $62.

JP Morgan Maintains Neutral on National Fuel Gas, Lowers Price Target to $62

Scotiabank analyst Cameron Bean maintains National Fuel Gas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NFG#NYSE">NFG</a>) with a Sector Outperform and raises the price target from $80 to $81.

Scotiabank Maintains Sector Outperform on National Fuel Gas, Raises Price Target to $81

RONALD KRAEMER, Chief Operating Officer at National Fuel Gas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NFG#NYSE">NFG</a>), reported an insider sell on August 15, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000070145/000156218024006292//Archives/edgar/data/70145/000156218024006292/0001562180-24-006292-index.htm">U.S. Securities and Exchange Commission</a> on Thursday showed that KRAEMER sold 7,639 shares of National Fuel Gas. The total transaction amounted to $448,791. 
As of Friday morning, National Fuel Gas shares are down by 0.0%, currently priced at $58.9.
<h3>About National Fuel Gas</h3>
National Fuel Gas Co is a diversified energy company engaged in the production, gathering, transportation, distribution, and marketing of natural gas. The operating segments of the company are the Exploration and Production segment, the Pipeline and Storage segment, the Gathering segment, and the Utility segment. Geographically it generates revenue from the United States and majorly it generates revenue from Exploration and Production segment.
<h3>Financial Milestones: National Fuel Gas's Journey</h3>
Negative Revenue Trend: Examining National Fuel Gas's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately -2.63% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Utilities sector.
Profitability Metrics:
<ul>
<li>
Gross Margin: The company maintains a high gross margin of 40.83%, indicating strong cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): National Fuel Gas's EPS lags behind the industry average, indicating concerns and potential challenges with a current EPS of -0.59.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.86, National Fuel Gas adopts a prudent financial strategy, indicating a balanced approach to debt management.
Exploring Valuation Metrics Landscape:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current Price to Earnings ratio of 17.07 is higher than the industry average, indicating the stock is priced at a premium level according to the market sentiment.
</li>
<li>
Price to Sales (P/S) Ratio: With a higher-than-average P/S ratio of 2.8, National Fuel Gas's stock is perceived as being overvalued in the market, particularly in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio of 7.93 trails industry averages, indicating a potential disparity in market valuation that could be advantageous for investors.
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
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<h3>Unmasking the Significance of Insider Transactions</h3>
Insider transactions contribute to decision-making but should be supplemented by a comprehensive investment analysis.
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
<h3>Cracking Transaction Codes</h3>
Surveying the realm of stock transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often give prominence to those unfolding in the open market, systematically detailed in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000070145">Check Out The Full List Of National Fuel Gas's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Trading Ideas

Insider Unloading: RONALD KRAEMER Sells $448K Worth Of National Fuel Gas Shares

National Fuel Gas Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nfg#NYSE">NFG</a>) reported third-quarter fiscal 2024 adjusted operating earnings of 99 cents per share, which surpassed the Zacks Consensus Estimate of 92 cents by 7.6%. However, the bottom line decreased 2% from the year-ago quarter&#39;s reported figure of $1.01.
GAAP earnings for the quarter were 59 cents per share, down 41% from the year-ago level of $1.00.
<h3>Total Revenues</h3>
NFG reported sales of $417.4 million, which missed the Zacks Consensus Estimate of $528 million by 20.9%. The top line also declined 2.6% from the prior-year recorded figure of $428.7 million.
<div class="chart_embed">
<h3>National Fuel Gas Company Price, Consensus and EPS Surprise</h3>
<h3><img alt="National Fuel Gas Company Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/90/1722499356.png" style="height:282px; width:615px" title="" /></h3>
National Fuel Gas Company price-consensus-eps-surprise-chart | National Fuel Gas Company Quote
</div>
<h3>Segmental Revenues</h3>
Utility: Revenues totaled $124.8 million, down 13.6% from $144.5 million in the year-ago quarter.
Exploration and Production and Other Revenues: Revenues totaled $220.9 million, up 2% from $216.6 million in the year-ago quarter.
Pipeline and Storage and Gathering: Revenues amounted to $71.7 million, implying a 6.1% increase from $67.6 million recorded in the year-ago quarter.
<h3>Highlights of the Release</h3>
Total operating expenses increased 70.7% to $468.9 million year over year. This was primarily due to higher operation and maintenance expenses and higher depreciation and amortization.
Operating loss was $51.4 million against an income of $154.1 million in the year-ago quarter.
Interest expenses totaled $32.9 million, up 25.1% from the year-ago figure of $26.3 million.
The Exploration &amp; Production segment produced 96.5 billion cubic feet (Bcf) of natural gas, up 2% year over year despite approximately 5.6 Bcf of price-related curtailments in the quarter.
<h3>Financial Highlights</h3>
As of Jun 30, 2024, National Fuel Gas had cash and temporary cash investments of $81.4 million compared with $55.4 million as of Sep 30, 2023.
Net cash provided by operating activities for the first nine months of fiscal 2024 totaled $0.87 billion compared with $1.06 billion in the year-ago period.
Capital expenditures amounted to $684.2 million in the first nine months of fiscal 2024 compared with $727.7 million in the year-ago period.
<h3>Guidance</h3>
NFG narrowed its fiscal 2024 earnings projection to the range of $5.00-$5.10 per share from the previously anticipated $4.75-$5.05. The company expects its fiscal 2025 earnings to be in the range of $5.75-$6.25 per share. The Zacks Consensus Estimate for the same is pegged at $6.05 per share.
The company expects its capital expenditure for fiscal 2024 and 2025 to be in the range of $890-970 million and $885-970 million, respectively.
It lowered its production volume expectation to the band of 390-400 Bcf from the previously anticipated 390-405 Bcf, and the same for 2025 is estimated to be in the range of 400-420 Bcf.
<h3>Zacks Rank</h3>
National Fuel Gas currently carries a Zacks Rank #1 (Strong Buy).
<h3>Upcoming Releases</h3>
ONE Gas, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ogs#NYSE">OGS</a>) is slated to report second-quarter 2024 results on Aug 5, after market close. The Zacks Consensus Estimate for second-quarter earnings is pegged at 49 cents per share.
OGS&#39; long-term (three to five years) earnings growth rate is 5%. It delivered an average earnings surprise of 0.9% in the past four quarters.
Southwest Gas (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/swx#NYSE">SWX</a>) is slated to report second-quarter 2024 results on Aug 6, before market open. The Zacks Consensus Estimate for earnings is pegged at 43 cents per share.
SWX&#39;s long-term earnings growth rate is 6%. It delivered an average earnings surprise of 104.4% in the past four quarters.
Atmos Energy Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ato#NYSE">ATO</a>) is slated to report third-quarter fiscal 2024 results on Aug 7, after market close. The Zacks Consensus Estimate for earnings is pegged at $1.05 per share.
ATO&#39;s long-term earnings growth rate is 7%. It delivered an average earnings surprise of 3.3% in the past four quarters.
<a href="https://www.zacks.com/stock/news/2313908/national-fuel-gas-nfg-q3-earnings-beat-sales-decline-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2313908">To read this article on Zacks.com click here.</a>

Earnings Beats

National Fuel Gas Q3 Earnings Beat, Sales Decline Y/Y

INITIATION OF FISCAL 2025 PRELIMINARY GUIDANCE
In the non-regulated Exploration and Production and Gathering segments, the ongoing transition to the highly prolific EDA and lower activity compared to fiscal 2024 is anticipated to drive modest long-term production growth (0-5% annually) and reduce capital expenditures, furthering the trend of enhancing capital efficiency. Combining this with the outlook for higher natural gas prices, these segments are positioned to generate increasing earnings and free cash flow in fiscal 2025. In addition, recent and ongoing ratemaking activity, along with continued investments in system modernization, is expected to drive meaningful growth in rate base and earnings at the Company's rate-regulated segments.
As a result of these factors, the Company is initiating preliminary earnings guidance for fiscal 2025 with a range of $5.75 to $6.25 per share, or $6.00 per share at the midpoint, an increase of 19% from the midpoint of the revised fiscal 2024 guidance range.
Seneca's fiscal 2025 net production is expected to increase to a range of 400 to 420 Bcf, an increase of 4% versus fiscal 2024 at the midpoint of the guidance range. In addition, the Company is assuming NYMEX natural gas prices of $3.25 per MMBtu for the year, which will drive expected natural gas price realizations after hedging to increase by approximately $0.20 per Mcf from estimated fiscal 2024 realizations.
Overall, Seneca has firm sales contracts in place for approximately 88% of its expected fiscal 2025 natural gas production, significantly limiting its exposure to in-basin markets. Approximately 60% of expected production is supported by financial hedges or fixed price contracts, balancing downside protection with upside opportunity. To the extent that NYMEX increases $0.25 per MMBtu for the year, we would expect earnings per share to increase by approximately $0.35 per share, whereas a decrease to prices of $0.25 per MMBtu would reduce projected earnings per share by $0.30.
In the Company's regulated segments, the impact of the recently settled Supply Corporation rate case is expected to drive continued revenue growth in the Pipeline and Storage segment, with revenues projected to be in a range of $415 million to $435 million, which at the midpoint represents a 4% increase from the fiscal 2024 guidance range. In addition, in the Utility segment, the Company is proceeding with the rate case filed in late 2023 in its New York jurisdiction. The impact of the expected base rate increase is expected to further contribute to growing margin and net income in this segment.
The Company's consolidated capital expenditures in fiscal 2025 are expected to be in a range of $885 million to $970 million, which is largely in line with fiscal 2024 guidance.
Capital expenditures in the Company's rate-regulated Pipeline and Storage and Utility segments, collectively, are expected to be in the range of $295 million to $335 million for fiscal 2025, an increase of 8% from fiscal 2024 at the midpoint. Most of this spending will be focused on modernization programs that further enhance the safety, reliability, and resiliency of the Company's critical infrastructure, and contribute to the ongoing reduction in the Company's emissions profile. Investments in these businesses, combined with ongoing ratemaking activity to timely recovery on these investments, provide for the ability to generate stable, predictable, value-accretive returns, and are an efficient means of deploying cash flow generated across the Company to the long-term benefit of shareholders.
The Company projects fiscal 2025 capital expenditures in its Exploration and Production and Gathering segments, collectively, to be in the range of $590 million to $635 million, a decrease of $25 million, or 4%, from fiscal 2024 at the midpoint. This capital program assumes a pace of development driven by operating a single, dedicated frac fleet throughout the year. Further, Seneca plans to operate one to two horizontal rigs and intermittently operate a top hole rig. In addition, the Gathering segment will continue its multi-year build out of key centralized infrastructure in the Tioga County region, which supports Seneca's EDA development activity.

National Fuel Gas Shares Preliminary FY25 EPS Guidance Of $5.75-$6.25 Vs $6.29 Est.

National Fuel Gas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NFG#NYSE">NFG</a>) reported quarterly earnings of $0.99 per share which beat the analyst consensus estimate of $0.96 by 3.13 percent. This is a 1.98 percent decrease over earnings of $1.01 per share from the same period last year. The company reported quarterly sales of $417.44 million which missed the analyst consensus estimate of $536.36 million by 22.17 percent. This is a 2.63 percent decrease over sales of $428.70 million the same period last year.

National Fuel Gas Q3 Adj $0.99 Beats $0.96 Estimate, Sales $417.44M Miss $536.36M Estimate

Natural gas distribution companies offer services to transport natural gas from the region of production to millions of consumers across the United States. The utilities under the Zacks Utility Gas Distribution industry control miles of underground pipeline network to provide natural gas services to customers. The rising demand for clean, burning natural gas will create more opportunities for natural gas distribution companies.
Atmos Energy Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ato#NYSE">ATO</a>), with its widespread transmission and distribution lines, interstate pipelines, and significant investments in infrastructure development projects, is poised to benefit as natural gas production volumes are expected to increase in 2024-2025. Steady investments and expanding infrastructure in crucial production regions should drive the performance of&nbsp;National Fuel Gas Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nfg#NYSE">NFG</a>) and New Jersey Resources Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/njr#NYSE">NJR</a>).
About The Industry
The shale revolution has substantially increased natural gas production. Its clean-burning nature has steadily boosted the demand for natural gas from all customer groups. Natural gas distribution pipelines are vital in delivering natural gas from intrastate and interstate transmission pipelines to consumers through small-diameter pipelines. United States has 3,353 trillion cubic feet of natural gas and a natural gas pipeline network of 2.6 million miles is utilized to distribute gas to customers. Major concerns for the industry are aging infrastructure and rising investment costs required to upgrade and maintain the vast network of pipelines due to the hike in interest rates. Competition from other clean energy sources can lower the demand for natural gas and, consequently, for pipelines.
Factors Shaping the Future of the Gas Distribution Industry
Production &amp; Export Volumes of Gas to Increase: The short-term energy outlook released by the U.S. Energy Information Administration indicates that domestic dry natural gas production will remain similar to the 2023 levels in 2024 and increase 1.6% year over year to 105.2 billion cubic feet per day (Bcf/d) in 2025. EIA also forecasts gas consumption to increase 0.3% year over year to 89.4 Bcf/d in 2024. Export volumes are expected to increase in 2024 and 2025, providing relief to natural gas transporters. EIA expects U.S. liquefied natural gas&nbsp;export volumes to increase 2% year over year to 12.2 Bcf/d in 2024 and exports to increase 18% to 14.3 Bcf/d in 2025. This indicates the need for more pipelines to send LNG to export terminals.
Fresh Investments Create Opportunities: The clean-burning nature and wide availability of natural gas across the United States are driving demand. At present, 187 million Americans use natural gas. The distribution network will continue to transport natural gas to all parts of the United States. With five new LNG export terminals being developed in the United States, there should be increased demand for natural gas pipeline services to transfer the gas from production areas to these terminals. Per EIA, once completed, the five new LNG projects will increase the combined export capacity by 9.7 Bcf/d by 2025. Per the American Gas Association report, one residential customer signs up for natural gas service every minute and 80 businesses add natural gas service each day. As production and demand for natural gas increase, more pipelines will be required to safely transfer the commodity to end-users. Per the report, natural gas utilities are investing $33 billion each year to increase the reliability of natural gas distribution and transmission systems, indicating the long-term growth potential of this space.
Likely Drop in Interest Rate to Act as a Tailwind: In order to maintain, upgrade and expand operations, utilities approach capital markets for loans. Utilities have been enjoying near-zero interest rates for the past few years. However, multiple rate hikes by the Federal Reserve took the benchmark rate to 5.25-5.50%, which impacted utility operators. However, in its last few meetings, the Fed did not increase the benchmark rate. In the recently concluded Fed meeting, interest rates were unchanged. Fed officials indicated that they would probably reduce the interest rates in September if the positive development continues. The likely drop in interest rates would be a positive for utility operators planning large investments in infrastructure upgrades and the addition of renewable sources of energy to produce electricity.
<a href="https://www.zacks.com/commentary/2308008/3-gas-distribution-stocks-to-buy-from-a-flourishing-industry?cid=CS-BENZ-FT-industry_outlook-2308008">To read this article on Zacks.com click here.</a>

Federal Reserve

3 Gas Distribution Stocks to Buy From a Flourishing Industry

As of July 23, 2024, two stocks in the utilities sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">National Fuel Gas Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NFG#NYSE">NFG</a>)</h3>
<ul>
<li>On July 12, Scotiabank analyst Cameron Bean maintained National Fuel Gas with a Sector Outperform rating and raised the price target from $75 to $80. The company's stock gained around 4% over the past month and has a <a href="https://www.benzinga.com/quote/NFG">52-week high of $58.60</a>.</li>
<li>RSI Value: 70.48&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>NFG Price Action: Shares of National Fuel Gas gained 1.4% to close at $58.29 on Monday.</li>
</ul>
<h3 class="wp-block-heading">Cadiz Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDZI#NASDAQ">CDZI</a>)</h3>
<ul>
<li>On July 18, Cadiz said its operating subsidiary ATEC Water Systems, LLC secured three additional sales contracts for iron and manganese filtration systems totaling an expected $1.5 million in sales revenue. The company's stock gained around 20% over the past month and <a href="https://www.benzinga.com/quote/CDZI">has a 52-week high</a> of $4.30.</li>
<li>RSI Value: 71.99</li>
<li>CDZI Price Action: Shares of Cadiz rose 0.3% to close at $3.68 on Monday.</li>
</ul>
Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39881526/wall-streets-most-accurate-analysts-say-hold-these-3-utilities-stocks-with-over-5-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Say Hold These 3 Utilities Stocks With Over 5% Dividend Yields</a></li>
</ul>

Short Ideas

Pre-Market Outlook

CDZI

Top 2 Utilities Stocks That Could Sink Your Portfolio This month

Launched on 05/08/2007, the First Trust Utilities AlphaDEX ETF (ARCA:FXU) is a passively managed exchange traded fund designed to provide a broad exposure to the Utilities - Broad segment of the equity market.
Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors.
Additionally, sector ETFs offer convenient ways to gain low risk and diversified exposure to a broad group of companies in particular sectors. Utilities - Broad is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 3, placing it in top 19%.
Index Details
The fund is sponsored by First Trust Advisors. It has amassed assets over $256.06 million, making it one of the average sized ETFs attempting to match the performance of the Utilities - Broad segment of the equity market. FXU seeks to match the performance of the StrataQuant Utilities Index before fees and expenses.
The StrataQuant Utilities Index is a modified equal-dollar weighted index designed by the AMEX to objectively identify and select stocks from the Russell 1000 Index that may generate positive alpha relative to traditional passive style indices through the use of the AlphaDEX screening methodology.
Costs
Investors should also pay attention to an ETF&#39;s expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same.
Annual operating expenses for this ETF are 0.64%, making it one of the most expensive products in the space.
It has a 12-month trailing dividend yield of 2.65%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation in the Utilities sector--about 96.50% of the portfolio.
Looking at individual holdings, Vistra Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vst#NYSE">VST</a>) accounts for about 4.91% of total assets, followed by National Fuel Gas Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nfg#NYSE">NFG</a>) and Oge Energy Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/oge#NYSE">OGE</a>).
The top 10 holdings account for about 40.31% of total assets under management.
Performance and Risk
The ETF return is roughly 9.28% so far this year and is up about 7.99% in the last one year (as of 07/15/2024). In that past 52-week period, it has traded between $27.35 and $35.11.
The ETF has a beta of 0.67 and standard deviation of 17.52% for the trailing three-year period, making it a medium risk choice in the space. With about 41 holdings, it has more concentrated exposure than peers.
Alternatives
First Trust Utilities AlphaDEX ETF sports a Zacks ETF Rank of 4 (Sell), which is based on expected asset class return, expense ratio, and momentum, among other factors. FXU, then, is not the best option for investors seeking exposure to the Utilities/Infrastructure ETFs segment of the market. However, there are better ETFs in the space to consider.
Vanguard Utilities ETF (ARCA:VPU) tracks MSCI US Investable Market Utilities 25/50 Index and the Utilities Select Sector SPDR ETF (ARCA:XLU) tracks Utilities Select Sector Index. Vanguard Utilities ETF has $5.74 billion in assets, Utilities Select Sector SPDR ETF has $14.63 billion. VPU has an expense ratio of 0.10% and XLU charges 0.09%.
<a href="https://www.zacks.com/stock/news/2301337/should-you-invest-in-the-first-trust-utilities-alphadex-etf-fxu?cid=CS-BENZ-FT-sector_etf-2301337">To read this article on Zacks.com click here.</a>

Should You Invest in the First Trust Utilities AlphaDEX ETF?

Press Releases

National Fuel Schedules Fourth Quarter Fiscal 2024 Earnings Conference Call

National Fuel Gas Company Announces Management Change, Ronald C. Kraemer Announces Retirement Date

National Fuel Gas Company Continues Peer Leading Sustainability Initiatives Through EO100TM and MiQ Programs

National Fuel Reports Fourth Quarter and Full Year Fiscal 2024 Earnings

National Fuel Declares Quarterly Dividend

General

New York Public Service Commission Approves New Rates for New York Utility Business

National Fuel Schedules First Quarter Fiscal 2025 Earnings Conference Call

National Fuel First Quarter Fiscal 2025 Earnings Conference Call Update

National Fuel Reports First Quarter Earnings

NEW FOUND GOLD TO PARTICIPATE IN THE 34th ANNUAL BMO GLOBAL METALS, MINING AND CRITICAL METALS CONFERENCE, PDAC 2025 AND THE 37th ANNUAL ROTH CONFERENCE

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