Ieq Capital LLC bought a new stake in shares of Northwest Natural Gas Company (NYSE:NWN - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,747 shares of the utilities provider's stock, valued at approximately $288,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Abound Wealth Management bought a new stake in Northwest Natural Gas in the first quarter worth $34,000. MCF Advisors LLC bought a new stake in Northwest Natural Gas in the first quarter worth $38,000. GAMMA Investing LLC lifted its position in Northwest Natural Gas by 24.6% in the first quarter. GAMMA Investing LLC now owns 1,689 shares of the utilities provider's stock worth $72,000 after buying an additional 334 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Northwest Natural Gas by 32.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,830 shares of the utilities provider's stock worth $112,000 after buying an additional 694 shares during the last quarter. Finally, OLD Republic International Corp purchased a new stake in Northwest Natural Gas in the first quarter worth $201,000. 75.13% of the stock is currently owned by institutional investors.
Insider Transactions at Northwest Natural Gas
In other news, Director David Hugo Anderson sold 7,574 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $40.43, for a total value of $306,216.82. Following the completion of the sale, the director directly owned 79,717 shares in the company, valued at $3,222,958.31. The trade was a 8.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 22,574 shares of company stock valued at $918,517 over the last three months. Insiders own 0.93% of the company's stock.
Northwest Natural Gas Stock Up 0.1%
NWN stock traded up $0.03 during trading on Tuesday, reaching $41.22. 222,863 shares of the company traded hands, compared to its average volume of 273,161. Northwest Natural Gas Company has a 12 month low of $38.03 and a 12 month high of $44.38. The business has a 50 day simple moving average of $41.04 and a 200 day simple moving average of $41.32. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 16.29 and a beta of 0.59. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.52 and a current ratio of 0.68.
Northwest Natural Gas (NYSE:NWN - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.08. The business had revenue of $236.19 million during the quarter, compared to the consensus estimate of $252.70 million. Northwest Natural Gas had a return on equity of 8.60% and a net margin of 8.34%. Northwest Natural Gas has set its FY 2025 guidance at 2.750-2.950 EPS. On average, equities research analysts anticipate that Northwest Natural Gas Company will post 2.33 earnings per share for the current fiscal year.
Northwest Natural Gas Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were issued a $0.49 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.96 dividend on an annualized basis and a yield of 4.8%. Northwest Natural Gas's payout ratio is presently 77.47%.
Analyst Ratings Changes
NWN has been the subject of a number of research analyst reports. Zacks Research raised Northwest Natural Gas to a "hold" rating in a research report on Tuesday, August 12th. Stifel Nicolaus upped their price objective on shares of Northwest Natural Gas from $45.00 to $49.00 and gave the stock a "buy" rating in a research note on Friday, June 13th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Northwest Natural Gas currently has a consensus rating of "Hold" and an average price target of $48.00.
View Our Latest Stock Report on Northwest Natural Gas
About Northwest Natural Gas
(
Free Report)
Northwest Natural Holding Company, through its subsidiary, Northwest Natural Gas Company, provides regulated natural gas distribution services to residential, commercial, and industrial customers in the United States. The company operates a mist gas storage facility contracted to other utilities, third-party marketers, and electric generators; offers natural gas asset management services; and operates an appliance retail center.
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