Northwest Natural Gas Company (NWN) Shares Bought by Aperio Group LLC
Aperio Group LLC lifted its position in Northwest Natural Gas Company (NYSE:NWN) by 3.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,071 shares of the utilities provider’s stock after buying an additional 857 shares during the quarter. Aperio Group LLC owned approximately 0.09% of Northwest Natural Gas worth $1,743,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of NWN. Vanguard Group Inc. raised its holdings in shares of Northwest Natural Gas by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 2,703,884 shares of the utilities provider’s stock valued at $159,800,000 after buying an additional 120,458 shares during the period. First Trust Advisors LP raised its holdings in shares of Northwest Natural Gas by 13.9% in the 2nd quarter. First Trust Advisors LP now owns 368,087 shares of the utilities provider’s stock valued at $22,030,000 after buying an additional 44,973 shares during the period. Griffin Asset Management Inc. purchased a new stake in shares of Northwest Natural Gas in the 2nd quarter valued at $2,394,000. State Street Corp raised its holdings in shares of Northwest Natural Gas by 5.1% in the 2nd quarter. State Street Corp now owns 736,047 shares of the utilities provider’s stock valued at $44,053,000 after buying an additional 35,852 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Northwest Natural Gas by 12.7% in the 1st quarter. Geode Capital Management LLC now owns 278,592 shares of the utilities provider’s stock valued at $16,464,000 after buying an additional 31,412 shares during the period. Hedge funds and other institutional investors own 63.73% of the company’s stock.
Several equities research analysts recently issued reports on the company. Zacks Investment Research downgraded Northwest Natural Gas from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. BidaskClub upgraded Northwest Natural Gas from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $66.00.
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In other Northwest Natural Gas news, Director Martha L. Byorum sold 1,202 shares of the company’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $64.88, for a total transaction of $77,985.76. Following the sale, the director now owns 1,202 shares in the company, valued at approximately $77,985.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO David Hugo Anderson sold 8,000 shares of the company’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $66.97, for a total value of $535,760.00. Following the sale, the chief executive officer now owns 71,484 shares in the company, valued at approximately $4,787,283.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,202 shares of company stock worth $879,666. 1.48% of the stock is owned by company insiders.
Shares of Northwest Natural Gas Company (NYSE:NWN) opened at $67.25 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.69 and a debt-to-equity ratio of 0.89. Northwest Natural Gas Company has a 1-year low of $55.35 and a 1-year high of $68.60. The firm has a market capitalization of $1,952.49, a PE ratio of 30.91, a price-to-earnings-growth ratio of 6.96 and a beta of 0.39.
Northwest Natural Gas (NYSE:NWN) last issued its quarterly earnings results on Friday, November 3rd. The utilities provider reported ($0.30) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.31) by $0.01. Northwest Natural Gas had a return on equity of 7.31% and a net margin of 8.32%. The company had revenue of $88.20 million for the quarter, compared to the consensus estimate of $91.19 million. During the same quarter in the prior year, the business earned $1.18 EPS. Northwest Natural Gas’s revenue was up .6% on a year-over-year basis. equities analysts expect that Northwest Natural Gas Company will post 2.17 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were issued a dividend of $0.4725 per share. This is an increase from Northwest Natural Gas’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, October 30th. This represents a $1.89 annualized dividend and a yield of 2.81%. Northwest Natural Gas’s dividend payout ratio is 85.91%.
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.
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