Northwest Natural Gas Company (NYSE:NWN) VP Shawn M. Filippi sold 1,200 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $62.27, for a total value of $74,724.00. Following the completion of the sale, the vice president now owns 1,330 shares of the company’s stock, valued at approximately $82,819.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of Northwest Natural Gas Company (NYSE:NWN) remained flat at $62.25 during mid-day trading on Tuesday. The company had a trading volume of 79,793 shares. The firm has a market capitalization of $1.78 billion, a P/E ratio of 29.36 and a beta of 0.42. Northwest Natural Gas Company has a 52-week low of $53.50 and a 52-week high of $66.17. The company’s 50-day moving average is $60.35 and its 200-day moving average is $59.50.

Northwest Natural Gas Company (NYSE:NWN) last issued its quarterly earnings results on Monday, May 8th. The utilities provider reported $1.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by $0.01. The company had revenue of $297.30 million during the quarter, compared to the consensus estimate of $147.56 million. Northwest Natural Gas Company had a net margin of 8.72% and a return on equity of 7.57%. The company’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.40 earnings per share. On average, equities analysts predict that Northwest Natural Gas Company will post $2.17 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Northwest Natural Gas Company (NYSE:NWN)

The business also recently declared a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Friday, April 28th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.02%. The ex-dividend date was Wednesday, April 26th. Northwest Natural Gas Company’s dividend payout ratio (DPR) is currently 86.24%.

TRADEMARK VIOLATION NOTICE: This article was first published by American Banking News and is owned by of American Banking News. If you are reading this article on another website, it was stolen and reposted in violation of United States & international copyright legislation. The correct version of this article can be read at https://www.americanbankingnews.com/2017/06/13/northwest-natural-gas-company-nwn-vp-shawn-m-filippi-sells-1200-shares.html.

Separately, Zacks Investment Research upgraded Northwest Natural Gas Company from a “sell” rating to a “hold” rating in a research report on Wednesday, May 17th.

Several large investors have recently modified their holdings of NWN. Russell Investments Group Ltd. bought a new stake in shares of Northwest Natural Gas Company during the fourth quarter valued at about $3,758,000. Comerica Bank boosted its stake in shares of Northwest Natural Gas Company by 9.3% in the fourth quarter. Comerica Bank now owns 30,363 shares of the utilities provider’s stock valued at $1,787,000 after buying an additional 2,583 shares during the period. State Street Corp boosted its stake in shares of Northwest Natural Gas Company by 12.6% in the fourth quarter. State Street Corp now owns 667,480 shares of the utilities provider’s stock valued at $39,918,000 after buying an additional 74,506 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Northwest Natural Gas Company by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 847,350 shares of the utilities provider’s stock valued at $50,672,000 after buying an additional 3,487 shares during the period. Finally, Baird Financial Group Inc. boosted its stake in shares of Northwest Natural Gas Company by 0.4% in the fourth quarter. Baird Financial Group Inc. now owns 13,908 shares of the utilities provider’s stock valued at $832,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 63.67% of the company’s stock.

About Northwest Natural Gas Company

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.

Receive News & Ratings for Northwest Natural Gas Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northwest Natural Gas Company and related companies with MarketBeat.com's FREE daily email newsletter.