Northwest Natural Gas (NWN) Projected to Post Earnings on Tuesday

Key Points

• Northwest Natural Gas (NWN) is expected to announce its Q2 2025 earnings on August 5, 2024, with analysts predicting a loss of ($0.07) per share and revenues of $252.70 million.
• The company will pay a quarterly dividend of $0.49 on August 15, 2024, which equates to an annual yield of 4.82%.
• Institutional investors currently hold 75.13% of Northwest Natural Gas's shares, reflecting significant interest from financial institutions in the stock.

Northwest Natural Gas (NYSE:NWN - Get Free Report) is projected to release its Q2 2025 earnings data before the market opens on Tuesday, August 5th. Analysts expect Northwest Natural Gas to post earnings of ($0.07) per share and revenue of $252.70 million for the quarter. Northwest Natural Gas has set its FY 2025 guidance at 2.750-2.950 EPS.

Northwest Natural Gas (NYSE:NWN - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.19. Northwest Natural Gas had a return on equity of 8.56% and a net margin of 8.48%. The company had revenue of $494.28 million for the quarter, compared to analysts' expectations of $464.65 million. During the same quarter in the prior year, the firm earned $1.69 earnings per share. Northwest Natural Gas's revenue was up 14.0% compared to the same quarter last year. On average, analysts expect Northwest Natural Gas to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Northwest Natural Gas Stock Down 0.1%

Shares of NYSE NWN traded down $0.05 during midday trading on Friday, reaching $39.87. 104,667 shares of the company's stock traded hands, compared to its average volume of 275,737. Northwest Natural Gas has a one year low of $37.41 and a one year high of $44.38. The stock's 50 day simple moving average is $40.71 and its 200-day simple moving average is $41.23. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 1.51. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 15.83 and a beta of 0.53.

Northwest Natural Gas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 31st will be issued a $0.49 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.9%. Northwest Natural Gas's dividend payout ratio (DPR) is currently 77.78%.

Wall Street Analyst Weigh In

Several analysts recently commented on NWN shares. Stifel Nicolaus raised their price target on shares of Northwest Natural Gas from $45.00 to $49.00 and gave the company a "buy" rating in a research report on Friday, June 13th. Wells Fargo & Company raised their price target on shares of Northwest Natural Gas from $45.00 to $47.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 7th.

Insider Activity at Northwest Natural Gas

In other news, Director David Hugo Anderson sold 7,500 shares of the business's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $41.96, for a total transaction of $314,700.00. Following the completion of the sale, the director owned 87,291 shares of the company's stock, valued at $3,662,730.36. The trade was a 7.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 22,591 shares of company stock worth $923,455 over the last three months. 0.93% of the stock is owned by insiders.

Hedge Funds Weigh In On Northwest Natural Gas

Institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC boosted its position in Northwest Natural Gas by 650.9% during the first quarter. Jane Street Group LLC now owns 64,966 shares of the utilities provider's stock worth $2,775,000 after acquiring an additional 56,314 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Northwest Natural Gas by 5.6% in the 1st quarter. AQR Capital Management LLC now owns 106,605 shares of the utilities provider's stock valued at $4,554,000 after purchasing an additional 5,644 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Northwest Natural Gas by 17.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 164,729 shares of the utilities provider's stock valued at $7,037,000 after purchasing an additional 24,906 shares during the last quarter. 75.13% of the stock is currently owned by institutional investors and hedge funds.

About Northwest Natural Gas

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.