Martingale Asset Management L P grew its position in Northwest Natural Gas Company (NYSE:NWN) by 0.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 91,808 shares of the utilities provider’s stock after acquiring an additional 300 shares during the quarter. Martingale Asset Management L P owned 0.32% of Northwest Natural Gas worth $5,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Flinton Capital Management LLC increased its stake in Northwest Natural Gas by 4.7% in the 1st quarter. Flinton Capital Management LLC now owns 1,876 shares of the utilities provider’s stock worth $111,000 after acquiring an additional 84 shares during the last quarter. Sharkey Howes & Javer increased its position in shares of Northwest Natural Gas by 0.8% during the 1st quarter. Sharkey Howes & Javer now owns 2,200 shares of the utilities provider’s stock valued at $130,000 after purchasing an additional 17 shares during the last quarter. Neuburgh Advisers LLC increased its position in shares of Northwest Natural Gas by 4.7% during the 1st quarter. Neuburgh Advisers LLC now owns 2,278 shares of the utilities provider’s stock valued at $135,000 after purchasing an additional 102 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of Northwest Natural Gas during the 1st quarter valued at approximately $139,000. Finally, Creative Planning increased its position in shares of Northwest Natural Gas by 0.3% during the 2nd quarter. Creative Planning now owns 2,436 shares of the utilities provider’s stock valued at $146,000 after purchasing an additional 8 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

In other Northwest Natural Gas news, CEO David Hugo Anderson sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $66.97, for a total transaction of $535,760.00. Following the transaction, the chief executive officer now owns 71,484 shares in the company, valued at approximately $4,787,283.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David A. Weber sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $61.56, for a total value of $123,120.00. Following the transaction, the chief executive officer now owns 2,027 shares in the company, valued at approximately $124,782.12. The disclosure for this sale can be found here. Insiders have sold a total of 14,000 shares of company stock worth $924,800 in the last quarter. 1.48% of the stock is currently owned by insiders.

Northwest Natural Gas Company (NYSE:NWN) opened at 66.50 on Thursday. Northwest Natural Gas Company has a 12 month low of $53.50 and a 12 month high of $68.60. The stock has a market cap of $1.91 billion, a P/E ratio of 29.75 and a beta of 0.42. The firm’s 50-day moving average price is $65.19 and its 200-day moving average price is $61.42.

Northwest Natural Gas (NYSE:NWN) last issued its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.04. The firm had revenue of $136.24 million for the quarter, compared to analysts’ expectations of $78.51 million. Northwest Natural Gas had a return on equity of 7.51% and a net margin of 8.38%. The firm’s revenue for the quarter was up 37.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.07 EPS. On average, analysts predict that Northwest Natural Gas Company will post $2.18 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.83%. The ex-dividend date was Thursday, July 27th. Northwest Natural Gas’s payout ratio is 85.07%.

NWN has been the topic of several analyst reports. Zacks Investment Research raised Northwest Natural Gas from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a research report on Wednesday, August 30th. BidaskClub downgraded Northwest Natural Gas from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Sidoti reissued a “buy” rating and set a $75.00 target price (up previously from $68.00) on shares of Northwest Natural Gas in a research report on Monday, June 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $66.00.

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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.

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

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