Compagnie Lombard Odier SCmA Purchases New Position in Northwest Natural Gas Company $NWN

Key Points

• Compagnie Lombard Odier SCmA has acquired a new position in Northwest Natural Gas Company, purchasing 6,200 shares valued at approximately $246,000.
• Northwest Natural Gas reported a quarterly EPS of $0.01, exceeding analyst expectations, although their revenue of $236.19 million fell short of estimates at $252.70 million.
• Insiders, including Director David Hugo Anderson, have recently sold shares, with about 0.84% of the stock currently owned by company insiders.

Compagnie Lombard Odier SCmA acquired a new position in shares of Northwest Natural Gas Company (NYSE:NWN - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,200 shares of the utilities provider's stock, valued at approximately $246,000.

Several other hedge funds also recently modified their holdings of NWN. Nuveen LLC bought a new position in shares of Northwest Natural Gas in the first quarter valued at approximately $16,007,000. MetLife Investment Management LLC raised its position in Northwest Natural Gas by 1,493.6% in the 1st quarter. MetLife Investment Management LLC now owns 368,660 shares of the utilities provider's stock valued at $15,749,000 after purchasing an additional 345,526 shares during the last quarter. Edgestream Partners L.P. bought a new position in Northwest Natural Gas in the 1st quarter valued at $7,851,000. Victory Capital Management Inc. boosted its stake in Northwest Natural Gas by 61.6% in the first quarter. Victory Capital Management Inc. now owns 223,223 shares of the utilities provider's stock worth $9,536,000 after purchasing an additional 85,132 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Northwest Natural Gas by 5,225.0% during the first quarter. GAMMA Investing LLC now owns 72,154 shares of the utilities provider's stock worth $3,082,000 after purchasing an additional 70,799 shares during the last quarter. Institutional investors and hedge funds own 75.13% of the company's stock.

Northwest Natural Gas Trading Up 1.8%

Shares of NWN opened at $43.58 on Wednesday. The stock's fifty day simple moving average is $41.22 and its 200-day simple moving average is $41.36. The firm has a market capitalization of $1.76 billion, a PE ratio of 17.23 and a beta of 0.59. Northwest Natural Gas Company has a 12-month low of $38.03 and a 12-month high of $44.38. The company has a quick ratio of 0.52, a current ratio of 0.68 and a debt-to-equity ratio of 1.43.

Northwest Natural Gas (NYSE:NWN - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $0.01 EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.08. Northwest Natural Gas had a return on equity of 8.60% and a net margin of 8.34%.The firm had revenue of $236.19 million during the quarter, compared to analyst estimates of $252.70 million. Northwest Natural Gas has set its FY 2025 guidance at 2.750-2.950 EPS. As a group, research analysts predict that Northwest Natural Gas Company will post 2.33 earnings per share for the current year.

Northwest Natural Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were paid 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 4.5%. Northwest Natural Gas's dividend payout ratio (DPR) is presently 77.47%.

Insider Transactions at Northwest Natural Gas

In other Northwest Natural Gas news, Director David Hugo Anderson sold 7,795 shares of Northwest Natural Gas stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $42.13, for a total transaction of $328,403.35. Following the completion of the sale, the director owned 71,922 shares of the company's stock, valued at approximately $3,030,073.86. The trade was a 9.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 22,869 shares of company stock valued at $949,320 over the last quarter. 0.84% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NWN. Stifel Nicolaus lifted their price target on Northwest Natural Gas from $45.00 to $49.00 and gave the company a "buy" rating in a report on Friday, June 13th. Zacks Research raised shares of Northwest Natural Gas to a "hold" rating in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $48.00.

Northwest Natural Gas Profile

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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