National Fuel Gas Company
MX ˙ BMV ˙ US6361801011
SecurityMX:NFG / National Fuel Gas Company
InstitutionBaird Financial Group, Inc.
Latest Disclosed Ownership58,338 shares
Latest Disclosed Value $ 5,481,438
Baird Financial Group, Inc. reports 0.60% increase in ownership of NFG / National Fuel Gas Company

On May 14, 2026 - Baird Financial Group, Inc. filed a 13F-HR form disclosing ownership of 58,338 shares of National Fuel Gas Company (MX:NFG) valued at $5,481,438 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 57,989 shares of National Fuel Gas Company. This represents a change in shares of 0.60% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

Upgrade to unlock premium data and export to Excel .

Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F NATIONAL FUEL GAS COM 636180101 58,338 349 0.60 5,481 18.07 0.0046
2026-02-13 2025-12-31 13F NATIONAL FUEL GAS CO COM COMMON 636180101 57,989 -395 -0.68 4,643 -13.91 0.0072
2025-11-13 2025-09-30 13F NATIONAL FUEL GAS COMMON 636180101 58,384 -2,775 -4.54 5,393 4.09 0.0087
2025-08-13 2025-06-30 13F NATIONAL FUEL GAS CO COM COMMON 636180101 61,159 -1,248 -2.00 5,181 4.82 0.0091
2025-05-15 2025-03-31 13F NATIONAL FUEL GAS CO COM COMMON 636180101 62,407 -7,626 -10.89 4,942 16.31 0.0095
2025-02-14 2024-12-31 13F NATIONAL FUEL GAS COMMON 636180101 70,033 -22,849 -24.60 4,250 -24.52 0.0081
2024-11-14 2024-09-30 13F NATIONAL FUEL GAS COMMON 636180101 92,882 1,403 1.53 5,630 13.56 0.0109
2024-08-14 2024-06-30 13F NATIONAL FUEL GAS COMMON 636180101 91,479 3,099 3.51 4,957 4.42 0.0103
2024-05-14 2024-03-31 13F NATIONAL FUEL GAS COMMON 636180101 88,380 6,850 8.40 4,748 16.06 0.0100
2024-02-14 2023-12-31 13F NATIONAL FUEL GAS COMMON 636180101 81,530 -1,066 -1.29 4,090 -4.60 0.0093
2023-11-13 2023-09-30 13F NATIONAL FUEL GAS COMMON 636180101 82,596 7,487 9.97 4,288 11.15 0.0117
2023-08-11 2023-06-30 13F NATIONAL FUEL GAS COMMON 636180101 75,109 4,782 6.80 3,858 -5.00 0.0102
2023-05-15 2023-03-31 13F NATIONAL FUEL GAS COMMON 636180101 70,327 6,359 9.94 4,061 101,400.00 0.0100
2023-02-13 2022-12-31 13F NATIONAL FUEL GAS COMMON 636180101 63,968 3,196 5.26 4 -99.89 0.0107
2022-11-15 2022-09-30 13F NATIONAL FUEL GAS COMMON 636180101 60,772 28,383 87.63 3,741 74.89 0.0110
2022-08-08 2022-06-30 13F NATIONAL FUEL GAS COMMON 636180101 32,389 -596 -1.81 2,139 -5.60 0.0059
2022-05-13 2022-03-31 13F NATIONAL FUEL GAS COMMON 636180101 32,985 848 2.64 2,266 10.27 0.0056
2022-02-09 2021-12-31 13F NATIONAL FUEL GAS COMMON 636180101 32,137 -751 -2.28 2,055 18.99 0.0048
2021-11-12 2021-09-30 13F NATIONAL FUEL GAS COMMON 636180101 32,888 150 0.46 1,727 0.94 0.0044
2021-08-11 2021-06-30 13F NATIONAL FUEL GAS COMMON 636180101 32,738 1,530 4.90 1,711 9.68 0.0044
2021-05-13 2021-03-31 13F NATIONAL FUEL GAS COMMON 636180101 31,208 -3,714 -10.64 1,560 8.64 0.0044
2021-02-11 2020-12-31 13F NATIONAL FUEL GAS COMMON 636180101 34,922 -4,635 -11.72 1,436 -10.59 0.0043
2020-11-12 2020-09-30 13F NATIONAL FUEL GAS COMMON 636180101 39,557 -48,390 -55.02 1,606 -56.45 0.0055
2020-10-22 2020-06-30 13F/A-1 NATIONAL FUEL GAS COMMON 636180101 87,947 373 0.43 3,688 12.92 0.0139
2020-08-14 2020-06-30 13F NATIONAL FUEL GAS CO N J COMMON 636180101 85,798 -1,776 3,993 7,913.2188
2020-05-14 2020-03-31 13F NATIONAL FUEL GAS CO N J COM COMMON 636180101 87,574 -1,345 -1.51 3,266 -21.07 0.0149
2020-02-14 2019-12-31 13F NATIONAL FUEL GAS CO N J COM COMMON 636180101 88,919 1,899 2.18 4,138 1.35 0.0149
2019-11-14 2019-09-30 13F NATIONAL FUEL GAS CO N J COM Common 636180101 87,020 22,929 35.78 4,083 20.76 0.0161
2019-08-14 2019-06-30 13F NATIONAL FUEL GAS CO N J COM COMMON 636180101 64,091 17,783 38.40 3,381 19.77 0.0131
2019-05-14 2019-03-31 13F NATIONAL FUEL GAS COMMON 636180101 46,308 -1,559 -3.26 2,823 15.22 0.0165
2019-02-14 2018-12-31 13F NATIONAL FUEL GAS COMMON 636180101 47,867 -17,941 -27.26 2,450 -33.62 0.0166
2018-11-13 2018-09-30 13F NATIONAL FUEL GAS COMMON 636180101 65,808 3,986 6.45 3,691 12.74 0.0231
2018-08-13 2018-06-30 13F NATIONAL FUEL GAS COMMON 636180101 61,822 4,442 7.74 3,274 10.91 0.0222
2018-05-14 2018-03-31 13F NATIONAL FUEL GAS COMMON 636180101 57,380 14,037 32.39 2,952 24.03 0.0208
2018-02-09 2017-12-31 13F NATIONAL FUEL GAS COMMON 636180101 43,343 -751 -1.70 2,380 -4.65 0.0169
2017-11-14 2017-09-30 13F NATIONAL FUEL GAS COMMON 636180101 44,094 -1,098 -2.43 2,496 -1.11 0.0188
2017-08-14 2017-06-30 13F NATIONAL FUEL GAS COMMON 636180101 45,192 23,605 109.35 2,524 96.11 0.0198
2017-06-19 2017-03-31 13F/A-1 NATIONAL FUEL GAS COMMON 636180101 21,587 135 0.63 1,287 5.93 0.0104
2017-05-09 2017-03-31 13F NATIONAL FUEL GAS COMMON 636180101 21,587 1,287
2017-02-10 2016-12-31 13F NATIONAL FUEL GAS COMMON 636180101 21,452 1,225 6.06 1,215 11.06 0.0105
2016-11-10 2016-09-30 13F NATIONAL FUEL GAS COMMON 636180101 20,227 1,210 6.36 1,094 1.11 0.0098
2016-08-11 2016-06-30 13F NATIONAL FUEL GAS COMMON 636180101 19,017 1,500 8.56 1,082 23.38 0.0099
2016-05-12 2016-03-31 13F NATIONAL FUEL GAS COMMON 636180101 17,517 425 2.49 877 19.97 0.0084
2016-02-11 2015-12-31 13F NATIONAL FUEL GAS COMMON 636180101 17,092 25 0.15 731 -14.30 0.0073
2015-11-12 2015-09-30 13F NATIONAL FUEL GAS COMMON 636180101 17,067 -21,491 -55.74 853 -62.44 0.0091
2015-08-14 2015-06-30 13F NATIONAL FUEL GAS COMMON 636180101 38,558 38,558 2,271 0.0223
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.