Northwest Natural Gas Company (NWN) Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. lifted its holdings in shares of Northwest Natural Gas Company (NYSE:NWN) by 61.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,111 shares of the utilities provider’s stock after acquiring an additional 800 shares during the period. D.A. Davidson & CO.’s holdings in Northwest Natural Gas were worth $126,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of NWN. Swiss National Bank raised its position in shares of Northwest Natural Gas by 4.2% during the 1st quarter. Swiss National Bank now owns 47,200 shares of the utilities provider’s stock worth $2,790,000 after acquiring an additional 1,900 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Northwest Natural Gas by 89.4% during the 1st quarter. UBS Asset Management Americas Inc. now owns 27,403 shares of the utilities provider’s stock worth $1,620,000 after acquiring an additional 12,933 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in shares of Northwest Natural Gas by 0.5% during the 1st quarter. Parametric Portfolio Associates LLC now owns 113,347 shares of the utilities provider’s stock worth $6,699,000 after acquiring an additional 602 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Northwest Natural Gas during the 1st quarter worth about $139,000. Finally, Mason Street Advisors LLC raised its position in shares of Northwest Natural Gas by 7.2% during the 1st quarter. Mason Street Advisors LLC now owns 6,695 shares of the utilities provider’s stock worth $396,000 after acquiring an additional 452 shares in the last quarter. 63.32% of the stock is currently owned by institutional investors and hedge funds.

Shares of Northwest Natural Gas Company (NYSE:NWN) opened at 65.15 on Wednesday. The stock’s 50 day moving average price is $65.81 and its 200 day moving average price is $62.35. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 29.15 and a beta of 0.42. Northwest Natural Gas Company has a 12 month low of $53.50 and a 12 month high of $68.60.

Northwest Natural Gas (NYSE:NWN) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.04. Northwest Natural Gas had a return on equity of 7.51% and a net margin of 8.38%. The business had revenue of $136.24 million for the quarter, compared to analysts’ expectations of $78.51 million. During the same quarter in the previous year, the firm posted $0.07 earnings per share. The company’s revenue was up 37.4% compared to the same quarter last year. Equities research analysts predict that Northwest Natural Gas Company will post $2.17 earnings per share for the current fiscal year.

The firm 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 of this dividend is Monday, October 30th. This represents a $1.89 annualized dividend and a dividend yield of 2.90%. Northwest Natural Gas’s payout ratio is 85.07%.

Several brokerages have recently weighed in on NWN. Zacks Investment Research lowered Northwest Natural Gas from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. BidaskClub raised Northwest Natural Gas from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 5th. Finally, Sidoti reissued a “buy” rating and set a $75.00 target price (up previously from $68.00) on shares of Northwest Natural Gas in a research report on Monday, June 19th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $66.00.

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In other Northwest Natural Gas news, Director Martha L. Byorum sold 1,202 shares of the company’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 transaction of $77,985.76. Following the sale, the director now owns 1,202 shares in the company, valued at $77,985.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Grant M. Yoshihara sold 2,000 shares of the company’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 sale, the vice president now owns 15,301 shares in the company, valued at approximately $1,010,325.03. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,202 shares of company stock worth $879,666. Insiders own 1.48% of the company’s stock.

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.

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

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