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Northwest Natural Gas (NYSE:NWN) declared a quarterly dividend on Monday, July 7th, Stock Ratings News reports. Stockholders of record on Thursday, July 31st will be given a dividend of 0.46 per share on Friday, August 15th. This represents a $1.84 dividend on an annualized basis and a yield of 3.99%.

On a related note, analysts at McAdams Wright Ragen downgraded shares of Northwest Natural Gas from a “buy” rating to a “hold” rating in a research note on Tuesday, June 10th. They now have a $45.00 price target on the stock. They noted that the move was a valuation call.

Shares of Northwest Natural Gas (NYSE:NWN) traded up 0.20% on Monday, hitting $46.12. The stock had a trading volume of 70,808 shares. Northwest Natural Gas has a 52-week low of $39.96 and a 52-week high of $47.50. The stock has a 50-day moving average of $45.56 and a 200-day moving average of $43.55. The company has a market cap of $1.252 billion and a price-to-earnings ratio of 20.50.

Northwest Natural Gas (NYSE:NWN) last announced its earnings results on Friday, May 2nd. The company reported $1.40 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.45 by $0.05. The company had revenue of $293.39 million for the quarter, compared to the consensus estimate of $211.51 million. During the same quarter in the prior year, the company posted $1.40 earnings per share. On average, analysts predict that Northwest Natural Gas will post $2.25 earnings per share for the current fiscal year.

Northwest Natural Gas Company (NYSE:NWN) is a supplier of gas service.

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