Lori L. Russell Sells 2,000 Shares of Northwest Natural Gas Company (NWN) Stock
Northwest Natural Gas Company (NYSE:NWN) VP Lori L. Russell sold 2,000 shares of Northwest Natural Gas stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $66.93, for a total transaction of $133,860.00. Following the completion of the transaction, the vice president now directly owns 3,512 shares in the company, valued at approximately $235,058.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Northwest Natural Gas Company (NWN) traded up 0.45% during trading on Thursday, hitting $67.30. 79,792 shares of the stock were exchanged. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 30.11 and a beta of 0.42. The firm’s 50 day moving average price is $64.53 and its 200-day moving average price is $61.21. Northwest Natural Gas Company has a 1-year low of $53.50 and a 1-year high of $67.70.
Northwest Natural Gas (NYSE:NWN) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.10 earnings per share for the quarter, topping the 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 company’s quarterly revenue was up 37.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.07 EPS. On average, analysts anticipate that Northwest Natural Gas Company will post $2.18 EPS for the current year.
The company also recently disclosed 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 2.79%. The ex-dividend date of this dividend was Thursday, July 27th. Northwest Natural Gas’s payout ratio is 85.07%.
NWN has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Northwest Natural Gas from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research report on Tuesday, July 11th. Sidoti reissued a “buy” rating and issued a $75.00 price target (up previously from $68.00) on shares of Northwest Natural Gas in a research report on Monday, June 19th. Finally, BidaskClub lowered shares of Northwest Natural Gas from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $66.00.
A number of hedge funds have recently bought and sold shares of the business. Griffin Asset Management Inc. bought a new position in Northwest Natural Gas during the 2nd quarter worth $2,394,000. Cetera Investment Advisers bought a new position in Northwest Natural Gas during the 2nd quarter worth $246,000. Dynamic Technology Lab Private Ltd bought a new position in Northwest Natural Gas during the 2nd quarter worth $673,000. Public Employees Retirement System of Ohio increased its position in Northwest Natural Gas by 2.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,063 shares of the utilities provider’s stock worth $123,000 after buying an additional 40 shares during the period. Finally, Piedmont Investment Advisors LLC bought a new position in Northwest Natural Gas during the 2nd quarter worth $371,000. Hedge funds and other institutional investors own 63.46% of the company’s stock.
Northwest Natural Gas Company 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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