Parametric Portfolio Associates LLC boosted its position in shares of Northwest Natural Gas Company (NYSE:NWN) by 5.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 119,818 shares of the utilities provider’s stock after buying an additional 6,471 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.42% of Northwest Natural Gas worth $7,171,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. D.A. Davidson & CO. boosted its position in Northwest Natural Gas by 61.0% during the second quarter. D.A. Davidson & CO. now owns 2,111 shares of the utilities provider’s stock worth $126,000 after acquiring an additional 800 shares during the last quarter. Sharkey Howes & Javer raised its stake in Northwest Natural Gas by 0.8% during the second quarter. Sharkey Howes & Javer now owns 2,217 shares of the utilities provider’s stock worth $133,000 after purchasing an additional 17 shares during the period. Riverhead Capital Management LLC raised its stake in Northwest Natural Gas by 88.6% during the second quarter. Riverhead Capital Management LLC now owns 2,263 shares of the utilities provider’s stock worth $136,000 after purchasing an additional 1,063 shares during the period. Ameritas Investment Partners Inc. purchased a new position in Northwest Natural Gas during the first quarter worth about $139,000. Finally, Creative Planning raised its stake in Northwest Natural Gas by 0.3% during the second quarter. Creative Planning now owns 2,436 shares of the utilities provider’s stock worth $146,000 after purchasing an additional 8 shares during the period. Institutional investors and hedge funds own 63.29% of the company’s stock.
In other Northwest Natural Gas news, Director Martha L. Byorum sold 1,202 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $64.88, for a total value of $77,985.76. Following the completion of the transaction, the director now directly owns 1,202 shares in the company, valued at $77,985.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Grant M. Yoshihara sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $66.03, for a total value of $132,060.00. Following the completion of the transaction, the vice president now owns 15,301 shares of the company’s stock, valued at $1,010,325.03. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,202 shares of company stock valued at $879,666. 1.48% of the stock is owned by corporate insiders.
NWN has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Northwest Natural Gas from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a report on Tuesday, July 11th. BidaskClub cut shares of Northwest Natural Gas from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $66.00.
Shares of Northwest Natural Gas Company (NYSE NWN) traded up 1.06% during trading on Friday, reaching $66.85. 101,432 shares of the company’s stock were exchanged. The company’s 50-day moving average is $65.84 and its 200 day moving average is $62.86. Northwest Natural Gas Company has a 52 week low of $53.50 and a 52 week high of $68.60. The stock has a market capitalization of $1.92 billion, a PE ratio of 29.91 and a beta of 0.42.
Northwest Natural Gas (NYSE:NWN) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.04. The business had revenue of $136.24 million during the quarter, compared to the consensus estimate of $78.51 million. Northwest Natural Gas had a return on equity of 7.51% and a net margin of 8.38%. Northwest Natural Gas’s quarterly revenue was up 37.4% on a year-over-year basis. During the same period last year, the company earned $0.07 earnings per share. On average, analysts forecast that Northwest Natural Gas Company will post $2.17 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be issued a dividend of $0.4725 per share. The ex-dividend date is Monday, October 30th. This is an increase from Northwest Natural Gas’s previous quarterly dividend of $0.47. This represents a $1.89 dividend on an annualized basis and a dividend yield of 2.83%. Northwest Natural Gas’s dividend payout ratio (DPR) is presently 85.07%.
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Northwest Natural Gas Company Profile
Northwest Natural Gas Company (NW Natural) is engaged in the distribution of natural gas. The Company’s segments include Local Gas Distribution, Gas Storage and other. The Company maintains operations in Oregon, Washington and California and conducts businesses through NW Natural and its subsidiaries.
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