Ohio Regulators Approve National Fuel’s Vectren Acquisition Conditions
TipRanks' Prime Week Sale - 70% Off
- Unlock powerful investing tools and data-driven insights with TipRanks Premium for more confident investment decisions.
- Discover top stock picks and new investment opportunities through TipRanks' Smart Investor Newsletter.
National Fuel Gas Company ( (NFG) ) just unveiled an update.
National Fuel Gas Company agreed on October 20, 2025, to acquire all issued and outstanding equity interests of Vectren Energy Delivery of Ohio, LLC from CenterPoint Energy Resources Corp. for approximately $2.62 billion, subject to customary adjustments. The deal targets the Seller’s Ohio natural gas local distribution business, enhancing National Fuel’s presence in that regional utility market.
The transaction is expected to close in the fourth quarter of 2026, following satisfaction of closing conditions that included regulatory approval by the Public Utilities Commission of Ohio. On June 24, 2026, the commission issued an order accepting and approving the deal with certain conditions, and the transaction will not close before October 1, 2026 without the Seller’s prior written consent, setting a clear regulatory and timing framework for stakeholders.
The most recent analyst rating on (NFG) stock is a Buy
with a $110.00 price target.
To see the full list of analyst forecasts on National Fuel Gas Company stock,
see the NFG Stock Forecast page.
Spark’s Take on NFG Stock
According to Spark, TipRanks’ AI Analyst, NFG is a Neutral.
Score is driven by solid financial performance (strong profitability and operating cash flow, but pressured by a large TTM revenue decline and moderate leverage) and attractive valuation (low P/E plus dividend). These positives are tempered by weak technicals (below key moving averages with negative MACD), while the latest earnings call was net positive but included lower commodity assumptions, a small production cut, and financing/execution risks.
To see Spark’s full report on NFG stock,
click here.
More about National Fuel Gas Company
National Fuel Gas Company operates in the energy sector as a natural gas company, with activities that include local distribution of natural gas. Through its acquisition strategy, the company is expanding its footprint in regulated utility markets, particularly in Ohio’s natural gas local distribution sector.
Average Trading Volume: 781,282
Technical Sentiment Signal: Hold
Current Market Cap: $7.27B
For detailed information about NFG stock, go to TipRanks’ Stock Analysis page.
