Heartland Advisors: “Opportunities in Utilities Sector Exist; National Fuel Gas (NFG) is an Example” Heartland Advisors, an investment management firm, published its “Heartland Value Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 12.71% was delivered by the fund’s institutional class shares for the Q1 of 2021, below its Russell 2000® Value benchmark that delivered a 21.17% return for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021. Heartland Value Fund, in its Q1 2021 investor letter, mentioned National Fuel Gas Company (NYSE: NFG), and shared their insights on the company. National Fuel Gas Company is a Williamsville, New York-based natural gas distribution company that currently has a $4.7 billion market capitalization. Since the beginning of the year, NFG delivered a 26.96% return, extending its 12-month gains to 30.68%. As of May 13, 2021, the stock closed at $52.22 per share.