Northwest Natural Gas Co (NYSE:NWN) announced a quarterly dividend on Friday, January 12th, RTT News reports. Investors of record on Wednesday, January 31st will be paid a dividend of 0.4725 per share by the utilities provider on Thursday, February 15th. This represents a $1.89 annualized dividend and a yield of 3.33%.

Northwest Natural Gas has raised its dividend by an average of 0.7% per year over the last three years and has raised its dividend annually for the last 62 consecutive years. Northwest Natural Gas has a dividend payout ratio of 86.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Northwest Natural Gas to earn $2.26 per share next year, which means the company should continue to be able to cover its $1.89 annual dividend with an expected future payout ratio of 83.6%.

Shares of Northwest Natural Gas (NYSE:NWN) traded up $0.75 during mid-day trading on Friday, reaching $56.75. The company had a trading volume of 178,900 shares, compared to its average volume of 219,575. The stock has a market capitalization of $1,630.00, a PE ratio of 25.80, a price-to-earnings-growth ratio of 5.77 and a beta of 0.40. Northwest Natural Gas has a 12 month low of $55.70 and a 12 month high of $69.50. 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 for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.31) by $0.01. The company had revenue of $88.20 million for 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%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.18 earnings per share. equities research analysts predict that Northwest Natural Gas will post 2.18 earnings per share for the current year.

Several research firms have commented on NWN. Zacks Investment Research downgraded Northwest Natural Gas from a “hold” rating to a “sell” rating in a report on Wednesday. Sidoti downgraded Northwest Natural Gas from a “buy” rating to a “neutral” rating and set a $63.00 target price on the stock. in a report on Monday. Wells Fargo & Co downgraded Northwest Natural Gas from a “market perform” rating to an “underperform” rating in a report on Monday, December 18th. Guggenheim downgraded Northwest Natural Gas from a “neutral” rating to a “sell” rating in a report on Tuesday, January 2nd. Finally, Royal Bank of Canada began coverage on Northwest Natural Gas in a report on Tuesday, December 19th. They issued a “sector perform” rating and a $63.00 target price on the stock. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. Northwest Natural Gas currently has an average rating of “Hold” and a consensus price target of $67.00.

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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.

Dividend History for Northwest Natural Gas (NYSE:NWN)

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