Northwest Natural Gas Co. (NWN) Position Boosted by Capital Fund Management S.A.
Capital Fund Management S.A. increased its position in Northwest Natural Gas Co. (NYSE:NWN) by 5.9% during the second quarter, Holdings Channel reports. The fund owned 5,400 shares of the company’s stock after buying an additional 300 shares during the period. Capital Fund Management S.A.’s holdings in Northwest Natural Gas were worth $350,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Quotient Investors LLC bought a new stake in shares of Northwest Natural Gas during the second quarter worth approximately $207,000. Murphy Capital Management Inc. acquired a new stake in shares of Northwest Natural Gas during the second quarter valued at about $239,000. Old Mutual Global Investors UK Ltd. acquired a new stake in shares of Northwest Natural Gas during the second quarter valued at about $274,000. Lucus Advisors LLC acquired a new stake in shares of Northwest Natural Gas during the second quarter valued at about $354,000. Finally, HL Financial Services LLC raised its stake in shares of Northwest Natural Gas by 22.0% in the second quarter. HL Financial Services LLC now owns 6,632 shares of the company’s stock valued at $430,000 after buying an additional 1,197 shares during the last quarter. Institutional investors and hedge funds own 61.09% of the company’s stock.
Shares of Northwest Natural Gas Co. (NYSE:NWN) traded up 0.09% during midday trading on Friday, reaching $58.12. 70,348 shares of the company’s stock traded hands. The firm has a market cap of $1.60 billion, a PE ratio of 25.92 and a beta of 0.36. The company has a 50 day moving average of $59.65 and a 200 day moving average of $58.92. Northwest Natural Gas Co. has a 52-week low of $45.38 and a 52-week high of $66.17.
Northwest Natural Gas (NYSE:NWN) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.01. Northwest Natural Gas had a net margin of 9.09% and a return on equity of 8.09%. The company had revenue of $99.20 million for the quarter, compared to analyst estimates of $111.12 million. During the same period in the prior year, the firm posted $0.08 EPS. The company’s quarterly revenue was down 28.2% on a year-over-year basis. On average, equities analysts predict that Northwest Natural Gas Co. will post $2.08 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Monday, October 31st will be paid a $0.47 dividend. This is a positive change from Northwest Natural Gas’s previous quarterly dividend of $0.47. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend is Thursday, October 27th. Northwest Natural Gas’s dividend payout ratio is currently 83.48%.
Separately, Zacks Investment Research lowered shares of Northwest Natural Gas from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th.
Northwest Natural Gas Company Profile
Northwest Natural Gas Company 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. The local gas distribution business, referred to as the utility segment, serves residential, commercial, and industrial customers in Oregon and southwest Washington.
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