Northwest Natural Gas Company (NYSE:NWN) – Gabelli issued their FY2021 earnings per share (EPS) estimates for shares of Northwest Natural Gas in a report released on Wednesday. Gabelli analyst T. Winter anticipates that the utilities provider will post earnings per share of $2.75 for the year.

Northwest Natural Gas (NYSE:NWN) last posted its quarterly earnings data on Friday, November 3rd. The utilities provider reported ($0.30) EPS for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.01. The company had revenue of $88.20 million during the quarter, compared to analysts’ expectations of $91.19 million. Northwest Natural Gas had a return on equity of 7.31% and a net margin of 8.32%. Northwest Natural Gas’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.18 earnings per share.

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NWN has been the subject of a number of other research reports. Zacks Investment Research upgraded Northwest Natural Gas from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research report on Wednesday, August 30th. BidaskClub upgraded Northwest Natural Gas from a “hold” rating to a “buy” rating in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Northwest Natural Gas presently has a consensus rating of “Buy” and an average target price of $66.33.

Northwest Natural Gas (NYSE NWN) traded down $0.30 during trading on Thursday, reaching $66.75. The company had a trading volume of 87,900 shares, compared to its average volume of 117,423. The stock has a market capitalization of $1,925.21, a PE ratio of 30.48, a PEG ratio of 6.87 and a beta of 0.39. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.69 and a current ratio of 0.98. Northwest Natural Gas has a 12 month low of $55.60 and a 12 month high of $68.60.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were given a dividend of $0.4725 per share. This represents a $1.89 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date was Monday, October 30th. This is a boost from Northwest Natural Gas’s previous quarterly dividend of $0.47. Northwest Natural Gas’s dividend payout ratio is 85.91%.

In other Northwest Natural Gas news, 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 completion of the sale, the chief executive officer now owns 71,484 shares in the company, valued at $4,787,283.48. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Lori L. Russell sold 2,000 shares of the company’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $66.93, for a total value of $133,860.00. Following the completion of the sale, the vice president now owns 3,512 shares of the company’s stock, valued at approximately $235,058.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,202 shares of company stock valued at $879,666. 1.48% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of NWN. Public Employees Retirement System of Ohio increased its position in Northwest Natural Gas by 2.0% in the second 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 in the last quarter. D.A. Davidson & CO. increased its position in Northwest Natural Gas by 61.0% in the second quarter. D.A. Davidson & CO. now owns 2,111 shares of the utilities provider’s stock worth $126,000 after buying an additional 800 shares in the last quarter. Riverhead Capital Management LLC increased its position in Northwest Natural Gas by 88.6% in the second quarter. Riverhead Capital Management LLC now owns 2,263 shares of the utilities provider’s stock worth $136,000 after buying an additional 1,063 shares in the last quarter. Creative Planning increased its position in Northwest Natural Gas by 0.3% in the second quarter. Creative Planning now owns 2,436 shares of the utilities provider’s stock worth $146,000 after buying an additional 8 shares in the last quarter. Finally, Ameritas Investment Partners Inc. increased its position in Northwest Natural Gas by 6.4% in the second quarter. Ameritas Investment Partners Inc. now owns 2,496 shares of the utilities provider’s stock worth $149,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 64.11% of the company’s stock.

About Northwest Natural Gas

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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