Northwest Natural Gas Company (NYSE:NWN) – Investment analysts at Gabelli issued their FY2020 earnings estimates for Northwest Natural Gas in a report issued on Wednesday. Gabelli analyst T. Winter forecasts that the utilities provider will post earnings of $2.60 per share for the year.

Other research analysts have also recently issued reports about the stock. BidaskClub raised shares of Northwest Natural Gas from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 5th. Zacks Investment Research raised shares of Northwest Natural Gas from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a research report on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $66.33.

Shares of Northwest Natural Gas (NYSE NWN) traded up $0.30 during midday trading on Monday, reaching $66.95. 80,000 shares of the company were exchanged, compared to its average volume of 116,980. Northwest Natural Gas has a one year low of $55.60 and a one year high of $68.60. The stock has a market cap of $1,913.72, a PE ratio of 30.30, a P/E/G ratio of 6.83 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 (NYSE:NWN) last issued its quarterly earnings results on Friday, November 3rd. The utilities provider reported ($0.30) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.01. Northwest Natural Gas had a net margin of 8.32% and a return on equity of 7.31%. The company had revenue of $88.20 million during the quarter, compared to analysts’ expectations of $91.19 million. During the same period last year, the company posted $1.18 EPS. Northwest Natural Gas’s revenue was up .6% on a year-over-year basis.

The firm also recently declared 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 is a boost from Northwest Natural Gas’s previous quarterly dividend of $0.47. This represents a $1.89 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend was Monday, October 30th. Northwest Natural Gas’s dividend payout ratio (DPR) is 85.91%.

In other Northwest Natural Gas news, Director Martha L. Byorum sold 1,202 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $64.88, for a total transaction of $77,985.76. Following the completion of the sale, the director now directly owns 1,202 shares in the company, valued at approximately $77,985.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Grant M. Yoshihara sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $66.03, for a total transaction of $132,060.00. Following the sale, the vice president now owns 15,301 shares of the company’s stock, valued at $1,010,325.03. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,202 shares of company stock valued at $879,666. 1.48% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio increased its stake 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 valued at $123,000 after purchasing an additional 40 shares in the last quarter. D.A. Davidson & CO. increased its stake in Northwest Natural Gas by 61.0% during the 2nd quarter. D.A. Davidson & CO. now owns 2,111 shares of the utilities provider’s stock valued at $126,000 after purchasing an additional 800 shares in the last quarter. Riverhead Capital Management LLC increased its stake in Northwest Natural Gas by 88.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,263 shares of the utilities provider’s stock valued at $136,000 after purchasing an additional 1,063 shares in the last quarter. Creative Planning increased its stake in Northwest Natural Gas by 0.3% during the 2nd quarter. Creative Planning now owns 2,436 shares of the utilities provider’s stock valued at $146,000 after purchasing an additional 8 shares in the last quarter. Finally, Ameritas Investment Partners Inc. increased its stake in Northwest Natural Gas by 6.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,496 shares of the utilities provider’s stock valued at $149,000 after purchasing an additional 150 shares in the last quarter. Institutional investors and hedge funds own 64.11% of the company’s stock.

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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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