Great West Life Assurance Co. Can continued to hold its position in Northwest Natural Gas Co. (NYSE:NWN) during the second quarter, Holdings Channel reports. The institutional investor owned 3,005 shares of the company’s stock at the end of the second quarter. Great West Life Assurance Co. Can’s holdings in Northwest Natural Gas were worth $162,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of Northwest Natural Gas by 10.8% in the first quarter. BlackRock Inc. now owns 20,729 shares of the company’s stock valued at $1,116,000 after buying an additional 2,023 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Northwest Natural Gas by 89.6% in the second quarter. BNP Paribas Arbitrage SA now owns 9,398 shares of the company’s stock valued at $609,000 after buying an additional 4,441 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Northwest Natural Gas by 7.0% in the first quarter. TIAA CREF Investment Management LLC now owns 99,126 shares of the company’s stock valued at $5,338,000 after buying an additional 6,495 shares in the last quarter. BlackRock Fund Advisors raised its position in shares of Northwest Natural Gas by 1.5% in the first quarter. BlackRock Fund Advisors now owns 1,748,087 shares of the company’s stock valued at $94,134,000 after buying an additional 25,958 shares in the last quarter. Finally, BlackRock Group LTD raised its position in shares of Northwest Natural Gas by 9.5% in the first quarter. BlackRock Group LTD now owns 47,905 shares of the company’s stock valued at $2,580,000 after buying an additional 4,172 shares in the last quarter. Institutional investors own 61.07% of the company’s stock.

Northwest Natural Gas Co. (NYSE:NWN) traded up 0.21% during trading on Tuesday, reaching $60.98. The company’s stock had a trading volume of 67,338 shares. The company’s 50-day moving average is $61.49 and its 200-day moving average is $57.99. The stock has a market cap of $1.68 billion, a PE ratio of 27.20 and a beta of 0.37. Northwest Natural Gas Co. has a 12 month low of $44.03 and a 12 month high of $66.17.

Northwest Natural Gas (NYSE:NWN) last posted its earnings results on Tuesday, August 2nd. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. The firm earned $99.20 million during the quarter, compared to the consensus estimate of $111.12 million. Northwest Natural Gas had a return on equity of 8.09% and a net margin of 9.09%. The business’s quarterly revenue was down 28.2% on a year-over-year basis. During the same period last year, the company earned $0.08 earnings per share. Equities analysts expect that Northwest Natural Gas Co. will post $2.08 EPS for the current fiscal year.

Several equities analysts recently issued reports on NWN shares. Zacks Investment Research upgraded Northwest Natural Gas from a “hold” rating to a “buy” rating and set a $73.00 price objective for the company in a research report on Wednesday, July 6th. Hilliard Lyons lowered Northwest Natural Gas from a “neutral” rating to an “underperform” rating in a research report on Thursday, May 26th.

In other Northwest Natural Gas news, CEO Gregg S. Kantor sold 1,000 shares of the stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $63.91, for a total value of $63,910.00. Following the completion of the transaction, the chief executive officer now directly owns 43,410 shares in the company, valued at $2,774,333.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.07% of the stock is owned by company insiders.

Northwest Natural Gas Company Profile

Northwest Natural Gas Company 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. The local gas distribution business, referred to as the utility segment, serves residential, commercial, and industrial customers in Oregon and southwest Washington.

5 Day Chart for NYSE:NWN

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