California Public Employees Retirement System grew its position in shares of Northwest Natural Gas Co (NYSE:NWN) by 6.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,920 shares of the utilities provider’s stock after purchasing an additional 3,120 shares during the quarter. California Public Employees Retirement System owned approximately 0.18% of Northwest Natural Gas worth $3,408,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of NWN. Public Employees Retirement System of Ohio grew its stake in Northwest Natural Gas by 2.0% in 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 period. D.A. Davidson & CO. grew its stake in Northwest Natural Gas by 61.0% in 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 period. Riverhead Capital Management LLC grew its stake 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 acquiring an additional 1,063 shares during the period. Ameritas Investment Partners Inc. grew its stake in Northwest Natural Gas by 6.4% in 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 period. Finally, Murphy Capital Management Inc. acquired a new stake in Northwest Natural Gas in the 3rd quarter valued at $212,000. 64.60% of the stock is owned by hedge funds and other institutional investors.
Shares of Northwest Natural Gas Co (NYSE NWN) opened at $57.55 on Friday. Northwest Natural Gas Co has a one year low of $55.70 and a one year high of $69.50. The company has a current ratio of 0.98, a quick ratio of 0.69 and a debt-to-equity ratio of 0.89. The stock has a market cap of $1,652.43, a price-to-earnings ratio of 26.16, a price-to-earnings-growth ratio of 5.62 and a beta of 0.40.
Northwest Natural Gas (NYSE:NWN) last announced its earnings results on Friday, November 3rd. The utilities provider reported ($0.30) earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $88.20 million for the quarter, compared to analysts’ expectations of $91.19 million. During the same quarter in the previous year, the company posted $1.18 EPS. The firm’s quarterly revenue was up .6% on a year-over-year basis. sell-side analysts forecast that Northwest Natural Gas Co will post 2.18 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be given a dividend of $0.4725 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $1.89 annualized dividend and a dividend yield of 3.28%. Northwest Natural Gas’s payout ratio is 85.91%.
A number of research firms recently issued reports on NWN. Sidoti cut shares of Northwest Natural Gas from a “buy” rating to a “neutral” rating and set a $63.00 price target on the stock. in a research note on Monday, January 8th. Zacks Investment Research cut shares of Northwest Natural Gas from a “hold” rating to a “sell” rating in a research note on Saturday, September 30th. Wells Fargo & Co cut shares of Northwest Natural Gas from a “market perform” rating to an “underperform” rating in a research note on Monday, December 18th. TheStreet cut shares of Northwest Natural Gas from a “b” rating to a “c+” rating in a research note on Friday, January 12th. Finally, Royal Bank of Canada started coverage on shares of Northwest Natural Gas in a research note on Tuesday, December 19th. They set a “sector perform” rating and a $63.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $67.00.
In other news, Director Mark S. Dodson sold 1,036 shares of the business’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $56.05, for a total transaction of $58,067.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.48% of the company’s stock.
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.
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.