Mark S. Dodson Sells 1,036 Shares of Northwest Natural Gas Co (NWN) Stock

Northwest Natural Gas Co (NYSE:NWN) Director Mark S. Dodson sold 1,036 shares of the stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $56.05, for a total transaction of $58,067.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Northwest Natural Gas Co (NYSE:NWN) opened at $57.75 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.69 and a debt-to-equity ratio of 0.89. Northwest Natural Gas Co has a fifty-two week low of $55.70 and a fifty-two week high of $69.50. The stock has a market cap of $1,636.64, a P/E ratio of 26.25, a price-to-earnings-growth ratio of 5.57 and a beta of 0.40.

Northwest Natural Gas (NYSE:NWN) last announced its quarterly earnings data on Friday, November 3rd. The utilities provider reported ($0.30) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.01. Northwest Natural Gas had a net margin of 8.32% and a return on equity of 7.31%. The business had revenue of $88.20 million during the quarter, compared to analyst estimates of $91.19 million. During the same period last year, the firm posted $1.18 EPS. The company’s revenue was up .6% on a year-over-year basis. equities research analysts anticipate that Northwest Natural Gas Co will post 2.18 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be issued a dividend of $0.4725 per share. This represents a $1.89 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend is Tuesday, January 30th. Northwest Natural Gas’s dividend payout ratio (DPR) is currently 85.91%.

A number of brokerages have issued reports on NWN. TheStreet lowered shares of Northwest Natural Gas from a “b” rating to a “c+” rating in a report on Friday, January 12th. Zacks Investment Research lowered shares of Northwest Natural Gas from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Sidoti lowered shares of Northwest Natural Gas from a “buy” rating to a “neutral” rating and set a $63.00 price objective for the company. in a report on Monday, January 8th. Guggenheim lowered shares of Northwest Natural Gas from a “neutral” rating to a “sell” rating in a report on Tuesday, January 2nd. Finally, Royal Bank of Canada began coverage on shares of Northwest Natural Gas in a report on Tuesday, December 19th. They set a “sector perform” rating and a $63.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a strong buy rating to the stock. Northwest Natural Gas presently has an average rating of “Hold” and an average price target of $67.00.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio boosted its position in shares of Northwest Natural Gas by 2.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,063 shares of the utilities provider’s stock valued at $123,000 after acquiring an additional 40 shares during the last quarter. D.A. Davidson & CO. boosted its position in shares of Northwest Natural Gas by 61.0% during the 2nd quarter. D.A. Davidson & CO. now owns 2,111 shares of the utilities provider’s stock valued at $126,000 after acquiring an additional 800 shares during the last quarter. Riverhead Capital Management LLC boosted its position in shares of Northwest Natural Gas by 88.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,263 shares of the utilities provider’s stock valued at $136,000 after acquiring an additional 1,063 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of Northwest Natural Gas by 6.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,496 shares of the utilities provider’s stock valued at $149,000 after acquiring an additional 150 shares during the last quarter. Finally, Flinton Capital Management LLC boosted its position in shares of Northwest Natural Gas by 83.6% during the 2nd quarter. Flinton Capital Management LLC now owns 3,444 shares of the utilities provider’s stock valued at $206,000 after acquiring an additional 1,568 shares during the last quarter. 64.60% of the stock is owned by institutional investors and hedge funds.

WARNING: “Mark S. Dodson Sells 1,036 Shares of Northwest Natural Gas Co (NWN) Stock” was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece of content on another website, it was illegally copied and republished in violation of United States and international trademark & copyright law. The original version of this piece of content can be read at https://www.dispatchtribunal.com/2018/01/18/mark-s-dodson-sells-1036-shares-of-northwest-natural-gas-co-nwn-stock.html.

About Northwest Natural Gas

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.

Insider Buying and Selling by Quarter for Northwest Natural Gas (NYSE:NWN)

Receive News & Ratings for Northwest Natural Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northwest Natural Gas and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply