Northwest Natural Gas Co (NWN) Shares Bought by OLD Republic International Corp

OLD Republic International Corp raised its stake in Northwest Natural Gas Co (NYSE:NWN) by 15.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 384,000 shares of the utilities provider’s stock after buying an additional 52,000 shares during the period. OLD Republic International Corp owned about 1.33% of Northwest Natural Gas worth $22,138,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of Northwest Natural Gas by 2.7% during the 1st quarter. BlackRock Inc. now owns 3,848,376 shares of the utilities provider’s stock valued at $221,861,000 after purchasing an additional 100,659 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Northwest Natural Gas by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 888,223 shares of the utilities provider’s stock worth $51,206,000 after acquiring an additional 4,169 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Northwest Natural Gas by 9.8% in the 1st quarter. JPMorgan Chase & Co. now owns 579,421 shares of the utilities provider’s stock worth $33,403,000 after acquiring an additional 51,721 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Northwest Natural Gas by 8.3% in the 4th 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 during the last quarter. Finally, First Trust Advisors LP grew its holdings in Northwest Natural Gas by 20.1% in the 4th quarter. First Trust Advisors LP now owns 403,053 shares of the utilities provider’s stock worth $24,042,000 after acquiring an additional 67,493 shares during the last quarter. 67.46% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:NWN traded up $0.35 on Monday, hitting $60.15. The company had a trading volume of 957 shares, compared to its average volume of 141,895. Northwest Natural Gas Co has a 1 year low of $51.50 and a 1 year high of $69.50. The company has a current ratio of 0.76, a quick ratio of 0.65 and a debt-to-equity ratio of 0.89. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 26.85, a P/E/G ratio of 6.19 and a beta of 0.35.



Northwest Natural Gas (NYSE:NWN) last posted its earnings results on Tuesday, May 8th. The utilities provider reported $1.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.41 by $0.03. Northwest Natural Gas had a negative net margin of 7.46% and a positive return on equity of 8.14%. The firm had revenue of $264.70 million during the quarter, compared to analysts’ expectations of $296.20 million. During the same period last year, the company posted $1.40 EPS. The company’s quarterly revenue was down 11.0% compared to the same quarter last year. equities analysts forecast that Northwest Natural Gas Co will post 2.23 EPS for the current fiscal year.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Northwest Natural Gas from a “buy” rating to a “hold” rating in a report on Wednesday, May 23rd. TheStreet raised shares of Northwest Natural Gas from a “c” rating to a “b” rating in a report on Tuesday, May 8th. ValuEngine lowered shares of Northwest Natural Gas from a “buy” rating to a “hold” rating in a report on Wednesday, May 9th. Bank of America assumed coverage on shares of Northwest Natural Gas in a report on Tuesday, February 27th. They issued an “underperform” rating on the stock. Finally, Hilliard Lyons raised shares of Northwest Natural Gas from an “underperform” rating to a “neutral” rating in a report on Tuesday, February 27th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $61.00.

Northwest Natural Gas Company Profile

Northwest Natural Gas Company engages in gas distribution and storage businesses in the United States. It operates in two segments, Local Gas Distribution and Gas Storage. The Local Gas Distribution segment engages in the purchase, sale, and delivery of natural gas and related services to residential, commercial, and industrial customers in Oregon and southwest Washington.

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

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