TRUE Private Wealth Advisors boosted its position in Northwest Natural Gas Co (NYSE:NWN) by 14.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,489 shares of the utilities provider’s stock after acquiring an additional 3,450 shares during the period. TRUE Private Wealth Advisors owned 0.10% of Northwest Natural Gas worth $1,639,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. lifted its stake in Northwest Natural Gas by 5.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 182,781 shares of the utilities provider’s stock valued at $10,940,000 after buying an additional 9,853 shares during the period. Schroder Investment Management Group acquired a new position in Northwest Natural Gas in the second quarter valued at about $245,000. Wells Fargo & Company MN lifted its stake in Northwest Natural Gas by 5.9% in the second quarter. Wells Fargo & Company MN now owns 114,047 shares of the utilities provider’s stock valued at $6,825,000 after buying an additional 6,402 shares during the period. Alliancebernstein L.P. lifted its stake in Northwest Natural Gas by 27.3% in the second quarter. Alliancebernstein L.P. now owns 66,576 shares of the utilities provider’s stock valued at $3,985,000 after buying an additional 14,290 shares during the period. Finally, Riverhead Capital Management LLC lifted its stake in Northwest Natural Gas by 88.6% in the second 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 period. Institutional investors and hedge funds own 64.60% of the company’s stock.
NWN has been the topic of several analyst reports. Zacks Investment Research raised Northwest Natural Gas from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Guggenheim lowered Northwest Natural Gas from a “neutral” rating to a “sell” rating in a research note on Tuesday, January 2nd. Royal Bank of Canada initiated coverage on Northwest Natural Gas in a research note on Tuesday, December 19th. They issued a “sector perform” rating and a $63.00 target price on the stock. TheStreet lowered Northwest Natural Gas from a “b” rating to a “c+” rating in a research note on Friday, January 12th. Finally, Wells Fargo & Co lowered Northwest Natural Gas from a “market perform” rating to an “underperform” rating in a research note on Monday, December 18th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $67.00.
Northwest Natural Gas (NYSE:NWN) last released its quarterly earnings results on Friday, November 3rd. The utilities provider reported ($0.30) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.31) by $0.01. The company had revenue of $88.20 million for the quarter, compared to analyst estimates of $91.19 million. Northwest Natural Gas had a return on equity of 7.31% and a net margin of 8.32%. Northwest Natural Gas’s revenue was up .6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.18 earnings per share. analysts anticipate that Northwest Natural Gas Co will post 2.18 EPS for the current fiscal year.
The firm 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. This represents a $1.89 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date is Tuesday, January 30th. Northwest Natural Gas’s dividend payout ratio is currently 85.91%.
In other news, Director Mark S. Dodson sold 1,036 shares of the firm’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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.48% of the company’s stock.
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.
Want to see what other hedge funds are holding NWN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northwest Natural Gas Co (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.