Northwest Natural Gas Co (NWN) Shares Bought by Robecosam AG

Robecosam AG raised its stake in Northwest Natural Gas Co (NYSE:NWN) by 29.4% in the 4th quarter, HoldingsChannel reports. The firm owned 110,000 shares of the utilities provider’s stock after acquiring an additional 25,000 shares during the quarter. Robecosam AG’s holdings in Northwest Natural Gas were worth $6,595,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of NWN. Goldman Sachs Group Inc. increased its position in shares of Northwest Natural Gas by 3.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 143,936 shares of the utilities provider’s stock worth $8,586,000 after acquiring an additional 4,500 shares in the last quarter. Deutsche Bank AG increased its position in shares of Northwest Natural Gas by 39.9% during the fourth quarter. Deutsche Bank AG now owns 119,217 shares of the utilities provider’s stock worth $7,109,000 after acquiring an additional 34,011 shares in the last quarter. BlueCrest Capital Management Ltd bought a new stake in shares of Northwest Natural Gas during the fourth quarter worth about $436,000. Renaissance Technologies LLC increased its position in shares of Northwest Natural Gas by 8.3% during the fourth quarter. Renaissance Technologies LLC now owns 450,700 shares of the utilities provider’s stock worth $26,884,000 after acquiring an additional 34,500 shares in the last quarter. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of Northwest Natural Gas during the fourth quarter worth about $314,000. 68.03% of the stock is owned by hedge funds and other institutional investors.

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In other news, Director Malia H. Wasson purchased 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were acquired at an average cost of $53.84 per share, for a total transaction of $107,680.00. Following the completion of the acquisition, the director now owns 523 shares in the company, valued at $28,158.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark S. Dodson sold 1,036 shares of the business’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $56.05, for a total transaction of $58,067.80. The disclosure for this sale can be found here. 1.48% of the stock is currently owned by insiders.

Several equities research analysts have recently commented on NWN shares. Guggenheim downgraded shares of Northwest Natural Gas from a “neutral” rating to a “sell” rating in a research report on Tuesday, January 2nd. Zacks Investment Research downgraded shares of Northwest Natural Gas from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Wells Fargo & Co raised shares of Northwest Natural Gas from an “underperform” rating to a “market perform” rating and set a $52.00 target price for the company in a research report on Monday, March 5th. Royal Bank of Canada started coverage on shares of Northwest Natural Gas in a research report on Tuesday, December 19th. They set a “sector perform” rating and a $63.00 target price for the company. Finally, Bank of America started coverage on shares of Northwest Natural Gas in a research report on Tuesday, February 27th. They set an “underperform” rating for the company. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $63.25.

Northwest Natural Gas Co (NYSE:NWN) opened at $56.00 on Tuesday. Northwest Natural Gas Co has a twelve month low of $51.50 and a twelve month high of $69.50. The firm has a market cap of $1,577.02, a PE ratio of -28.87, a P/E/G ratio of 6.18 and a beta of 0.42. The company has a current ratio of 0.71, a quick ratio of 0.58 and a debt-to-equity ratio of 0.92.

Northwest Natural Gas (NYSE:NWN) last released its quarterly earnings results on Friday, February 23rd. The utilities provider reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.07. Northwest Natural Gas had a negative net margin of 7.30% and a positive return on equity of 7.75%. The business had revenue of $240.40 million for the quarter, compared to analysts’ expectations of $241.36 million. During the same period in the previous year, the company earned $1.00 earnings per share. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. analysts predict that Northwest Natural Gas Co will post 2.22 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Wednesday, January 31st were issued a dividend of $0.4725 per share. This represents a $1.89 annualized dividend and a yield of 3.38%. The ex-dividend date was Tuesday, January 30th. Northwest Natural Gas’s dividend payout ratio (DPR) is presently -97.42%.

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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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