MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in Northwest Natural Gas Company (NYSE:NWN - Free Report) by 5.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 345,355 shares of the utilities provider's stock after selling 18,193 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.86% of Northwest Natural Gas worth $14,754,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Abound Wealth Management bought a new stake in Northwest Natural Gas in the 1st quarter valued at $34,000. MCF Advisors LLC bought a new stake in Northwest Natural Gas in the 1st quarter valued at $38,000. GAMMA Investing LLC increased its holdings in Northwest Natural Gas by 24.6% in the 1st quarter. GAMMA Investing LLC now owns 1,689 shares of the utilities provider's stock valued at $72,000 after acquiring an additional 334 shares during the last quarter. OLD Republic International Corp bought a new stake in Northwest Natural Gas in the 1st quarter valued at $201,000. Finally, Spirit of America Management Corp NY increased its holdings in Northwest Natural Gas by 44.1% in the 1st quarter. Spirit of America Management Corp NY now owns 4,900 shares of the utilities provider's stock valued at $209,000 after acquiring an additional 1,500 shares during the last quarter. 75.13% of the stock is currently owned by institutional investors.
Insider Activity at Northwest Natural Gas
In related news, Director David Hugo Anderson sold 7,574 shares of Northwest Natural Gas stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $40.43, for a total transaction of $306,216.82. Following the completion of the transaction, the director directly owned 79,717 shares of the company's stock, valued at approximately $3,222,958.31. The trade was a 8.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 22,574 shares of company stock worth $918,517. 0.93% of the stock is currently owned by insiders.
Northwest Natural Gas Price Performance
Shares of NYSE:NWN traded up $0.04 on Friday, reaching $42.25. The company's stock had a trading volume of 211,785 shares, compared to its average volume of 227,879. Northwest Natural Gas Company has a 52-week low of $38.03 and a 52-week high of $44.38. The company has a market cap of $1.70 billion, a P/E ratio of 16.70 and a beta of 0.59. The company has a 50-day simple moving average of $41.10 and a 200 day simple moving average of $41.33. 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 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 net margin of 8.34% and a return on equity of 8.60%. The business had revenue of $236.19 million during the quarter, compared to analysts' expectations of $252.70 million. Northwest Natural Gas has set its FY 2025 guidance at 2.750-2.950 EPS. As a group, equities research analysts anticipate that Northwest Natural Gas Company will post 2.33 EPS for the current fiscal year.
Northwest Natural Gas Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.6%. Northwest Natural Gas's payout ratio is currently 77.47%.
Wall Street Analyst Weigh In
A number of analysts have issued reports on NWN shares. Zacks Research upgraded shares of Northwest Natural Gas to a "hold" rating in a report on Tuesday, August 12th. Stifel Nicolaus lifted 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $48.00.
Check Out Our Latest Report on NWN
Northwest Natural Gas Company Profile
(
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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