Peregrine Asset Advisers Inc. Has $211,000 Stake in Northwest Natural Gas Company (NWN)

Peregrine Asset Advisers Inc. increased its stake in shares of Northwest Natural Gas Company (NYSE:NWN) by 1.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 3,525 shares of the utilities provider’s stock after acquiring an additional 45 shares during the period. Peregrine Asset Advisers Inc.’s holdings in Northwest Natural Gas were worth $211,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of NWN. Flinton Capital Management LLC increased its holdings in shares of Northwest Natural Gas by 4.7% during the 1st quarter. Flinton Capital Management LLC now owns 1,876 shares of the utilities provider’s stock valued at $111,000 after acquiring an additional 84 shares during the last quarter. Sharkey Howes & Javer increased its holdings in shares of Northwest Natural Gas by 0.8% during the 1st quarter. Sharkey Howes & Javer now owns 2,200 shares of the utilities provider’s stock valued at $130,000 after acquiring an additional 17 shares during the last quarter. Neuburgh Advisers LLC grew its holdings in Northwest Natural Gas by 4.7% in the 1st quarter. Neuburgh Advisers LLC now owns 2,278 shares of the utilities provider’s stock valued at $135,000 after buying an additional 102 shares during the last quarter. Riverhead Capital Management LLC grew its holdings in Northwest Natural Gas by 88.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,263 shares of the utilities provider’s stock valued at $136,000 after buying an additional 1,063 shares during the last quarter. Finally, Ameritas Investment Partners Inc. acquired a new stake in Northwest Natural Gas in the 1st quarter valued at approximately $139,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Northwest Natural Gas Company (NYSE:NWN) traded down 1.17% during mid-day trading on Tuesday, reaching $67.60. The company’s stock had a trading volume of 13,354 shares. The company has a 50 day moving average of $64.93 and a 200-day moving average of $61.32. The stock has a market cap of $1.94 billion, a PE ratio of 30.25 and a beta of 0.42. Northwest Natural Gas Company has a 52-week low of $53.50 and a 52-week high of $68.45.

Northwest Natural Gas (NYSE:NWN) last announced its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.04. The firm had revenue of $136.24 million for 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%. The business’s revenue was up 37.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.07 earnings per share. Equities analysts forecast that Northwest Natural Gas Company will post $2.18 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend was Thursday, July 27th. Northwest Natural Gas’s dividend payout ratio (DPR) is presently 85.07%.

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In other Northwest Natural Gas 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 transaction of $535,760.00. Following the transaction, the chief executive officer now owns 71,484 shares of the company’s stock, valued at $4,787,283.48. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO David A. Weber sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $61.56, for a total value of $123,120.00. Following the transaction, the chief executive officer now directly owns 2,027 shares in the company, valued at approximately $124,782.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,000 shares of company stock worth $924,800. Company insiders own 1.48% of the company’s stock.

A number of analysts have issued reports on NWN shares. Zacks Investment Research raised Northwest Natural Gas from a “sell” rating to a “hold” rating in a report on Wednesday, May 17th. Sidoti reaffirmed a “buy” rating and issued a $75.00 target price (up previously from $68.00) on shares of Northwest Natural Gas in a report on Monday, June 19th. Finally, BidaskClub lowered Northwest Natural Gas from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $66.00.

Northwest Natural Gas 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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Institutional Ownership by Quarter for Northwest Natural Gas (NYSE:NWN)

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