US Bancorp DE Has $1.01 Million Stake in Northwest Natural Gas Company (NYSE:NWN)

US Bancorp DE cut its position in Northwest Natural Gas Company (NYSE:NWN) by 14.7% during the second quarter, Holdings Channel reports. The fund owned 16,831 shares of the utilities provider’s stock after selling 2,897 shares during the period. US Bancorp DE’s holdings in Northwest Natural Gas were worth $1,007,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Nuance Investments LLC increased its position in Northwest Natural Gas by 2.6% in the first quarter. Nuance Investments LLC now owns 44,135 shares of the utilities provider’s stock valued at $2,608,000 after buying an additional 1,099 shares during the period. Flinton Capital Management LLC increased its position in Northwest Natural Gas by 4.7% in the first quarter. Flinton Capital Management LLC now owns 1,876 shares of the utilities provider’s stock valued at $111,000 after buying an additional 84 shares during the period. First Trust Advisors LP increased its position in Northwest Natural Gas by 18.4% in the first quarter. First Trust Advisors LP now owns 323,114 shares of the utilities provider’s stock valued at $19,096,000 after buying an additional 50,320 shares during the period. Great West Life Assurance Co. Can increased its position in Northwest Natural Gas by 7.0% in the first quarter. Great West Life Assurance Co. Can now owns 40,273 shares of the utilities provider’s stock valued at $2,378,000 after buying an additional 2,632 shares during the period. Finally, Wells Fargo & Company MN increased its position in Northwest Natural Gas by 3.2% in the first quarter. Wells Fargo & Company MN now owns 107,645 shares of the utilities provider’s stock valued at $6,362,000 after buying an additional 3,295 shares during the period. Institutional investors and hedge funds own 63.61% of the company’s stock.

Northwest Natural Gas Company (NYSE NWN) traded down 0.15% on Thursday, hitting $64.90. 17,516 shares of the company’s stock traded hands. The stock has a 50-day moving average of $61.87 and a 200-day moving average of $60.28. Northwest Natural Gas Company has a one year low of $53.50 and a one year high of $66.00. The stock has a market cap of $1.86 billion, a PE ratio of 29.04 and a beta of 0.43.

Northwest Natural Gas (NYSE:NWN) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.04. The business had revenue of $136.24 million during the quarter, compared to analysts’ expectations of $78.51 million. Northwest Natural Gas had a net margin of 8.38% and a return on equity of 7.51%. The company’s quarterly revenue was up 37.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.07 earnings per share. On average, equities analysts forecast that Northwest Natural Gas Company will post $2.19 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be given a dividend of $0.47 per share. The ex-dividend date is Thursday, July 27th. This represents a $1.88 dividend on an annualized basis and a yield of 2.89%. Northwest Natural Gas’s payout ratio is presently 85.07%.

COPYRIGHT VIOLATION WARNING: “US Bancorp DE Has $1.01 Million Stake in Northwest Natural Gas Company (NYSE:NWN)” was first reported by Ticker Report and is the property of of Ticker Report. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The original version of this news story can be accessed at https://www.tickerreport.com/banking-finance/2800726/us-bancorp-de-has-1-01-million-stake-in-northwest-natural-gas-company-nysenwn.html.

Several research analysts have commented on NWN shares. Zacks Investment Research raised shares of Northwest Natural Gas from a “sell” rating to a “hold” rating in a report on Wednesday, May 17th. BidaskClub downgraded shares of Northwest Natural Gas from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Sidoti reissued a “buy” rating and set a $75.00 price objective (up previously from $68.00) on shares of Northwest Natural Gas in a report on Monday, June 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $65.67.

In related news, CEO David A. Weber sold 2,000 shares of the business’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $61.56, for a total transaction of $123,120.00. Following the transaction, the chief executive officer now directly owns 2,027 shares in the company, valued at $124,782.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shawn M. Filippi sold 1,200 shares of the business’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $62.27, for a total transaction of $74,724.00. Following the transaction, the vice president now owns 1,330 shares in the company, valued at $82,819.10. The disclosure for this sale can be found here. Insiders have sold 6,224 shares of company stock worth $384,376 over the last 90 days. 1.48% of the stock is currently owned by company insiders.

About Northwest Natural Gas

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.

Want to see what other hedge funds are holding NWN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northwest Natural Gas Company (NYSE:NWN).

Institutional Ownership by Quarter for Northwest Natural Gas (NYSE:NWN)

Receive News & Ratings for Northwest Natural Gas Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northwest Natural Gas Company and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.