Global X MANAGEMENT CO LLC grew its holdings in Northwest Natural Gas Company (NYSE:NWN) by 2.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 138,383 shares of the utilities provider’s stock after purchasing an additional 2,647 shares during the period. Global X MANAGEMENT CO LLC owned about 0.48% of Northwest Natural Gas worth $8,912,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. Bessemer Group Inc. increased its holdings in shares of Northwest Natural Gas by 225.2% in the 3rd quarter. Bessemer Group Inc. now owns 359,343 shares of the utilities provider’s stock valued at $23,141,000 after purchasing an additional 248,857 shares during the period. Crossmark Global Holdings Inc. acquired a new position in shares of Northwest Natural Gas in the 3rd quarter valued at about $352,000. Aperio Group LLC increased its holdings in shares of Northwest Natural Gas by 3.3% in the 3rd quarter. Aperio Group LLC now owns 27,071 shares of the utilities provider’s stock valued at $1,743,000 after purchasing an additional 857 shares during the period. Personal Capital Advisors Corp increased its holdings in shares of Northwest Natural Gas by 209.9% in the 3rd quarter. Personal Capital Advisors Corp now owns 28,817 shares of the utilities provider’s stock valued at $1,856,000 after purchasing an additional 19,518 shares during the period. Finally, APG Asset Management N.V. acquired a new position in shares of Northwest Natural Gas in the 3rd quarter valued at about $799,000. Institutional investors own 63.30% of the company’s stock.
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Shares of Northwest Natural Gas Company (NYSE NWN) traded down $0.20 on Friday, hitting $66.55. The stock had a trading volume of 83,600 shares, compared to its average volume of 94,894. The firm has a market cap of $1,910.85, a P/E ratio of 30.25, a price-to-earnings-growth ratio of 6.82 and a beta of 0.39. Northwest Natural Gas Company has a one year low of $53.50 and a one year high of $68.60. The company has a quick ratio of 0.69, a current ratio of 0.98 and a debt-to-equity ratio of 0.89.
Northwest Natural Gas (NYSE:NWN) last announced its quarterly earnings results on Friday, November 3rd. The utilities provider reported ($0.30) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.31) by $0.01. The business had revenue of $88.20 million during the quarter, compared to analysts’ expectations of $91.19 million. Northwest Natural Gas had a return on equity of 7.31% and a net margin of 8.32%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.18 EPS. equities analysts predict that Northwest Natural Gas Company will post 2.17 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be paid a $0.4725 dividend. This is a boost from Northwest Natural Gas’s previous quarterly dividend of $0.47. The ex-dividend date is Monday, October 30th. This represents a $1.89 annualized dividend and a dividend yield of 2.84%. Northwest Natural Gas’s payout ratio is presently 85.91%.
NWN has been the topic of a number of research reports. Zacks Investment Research upgraded Northwest Natural Gas from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a report on Wednesday, August 30th. BidaskClub upgraded Northwest Natural Gas from a “hold” rating to a “buy” rating in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, two have assigned 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.
In related news, CEO David Hugo Anderson sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $66.97, for a total value of $535,760.00. Following the completion of the sale, the chief executive officer now owns 71,484 shares of the company’s stock, valued at approximately $4,787,283.48. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Grant M. Yoshihara sold 2,000 shares of the business’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 sale, the vice president now directly owns 15,301 shares of the company’s stock, valued at approximately $1,010,325.03. The disclosure for this sale can be found here. In the last three months, insiders sold 13,202 shares of company stock valued at $879,666. 1.48% of the stock is currently owned by company insiders.
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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