BlueCrest Capital Management Ltd bought a new position in Northwest Natural Gas Company (NYSE:NWN) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,863 shares of the utilities provider’s stock, valued at approximately $231,000.

Several other institutional investors have also bought and sold shares of the business. Creative Planning increased its holdings in shares of Northwest Natural Gas by 0.3% in the 2nd quarter. Creative Planning now owns 2,436 shares of the utilities provider’s stock worth $146,000 after purchasing an additional 8 shares in the last quarter. Sharkey Howes & Javer increased its holdings in shares of Northwest Natural Gas by 0.8% in the 2nd quarter. Sharkey Howes & Javer now owns 2,217 shares of the utilities provider’s stock worth $133,000 after purchasing an additional 17 shares in the last quarter. Peregrine Asset Advisers Inc. grew its holdings in shares of Northwest Natural Gas by 1.3% in the second quarter. Peregrine Asset Advisers Inc. now owns 3,525 shares of the utilities provider’s stock worth $211,000 after acquiring an additional 45 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Northwest Natural Gas by 2.0% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,521 shares of the utilities provider’s stock worth $211,000 after acquiring an additional 68 shares during the period. Finally, Nationwide Fund Advisors grew its holdings in shares of Northwest Natural Gas by 0.5% in the second quarter. Nationwide Fund Advisors now owns 36,662 shares of the utilities provider’s stock worth $2,194,000 after acquiring an additional 170 shares during the period. 63.31% of the stock is owned by institutional investors and hedge funds.

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Several analysts recently commented on the company. Zacks Investment Research lowered Northwest Natural Gas from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. BidaskClub raised Northwest Natural Gas from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 5th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Northwest Natural Gas has an average rating of “Hold” and an average price target of $66.00.

Northwest Natural Gas Company (NYSE:NWN) opened at 66.70 on Friday. The stock has a market capitalization of $1.91 billion, a P/E ratio of 29.84 and a beta of 0.42. Northwest Natural Gas Company has a 12 month low of $53.50 and a 12 month high of $68.60. The stock has a 50 day moving average price of $65.86 and a 200 day moving average price of $62.63.

Northwest Natural Gas (NYSE:NWN) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.04. Northwest Natural Gas had a net margin of 8.38% and a return on equity of 7.51%. The business had revenue of $136.24 million for the quarter, compared to analyst estimates of $78.51 million. During the same period in the prior year, the company posted $0.07 EPS. The company’s revenue for the quarter was up 37.4% on a year-over-year basis. Equities analysts predict that Northwest Natural Gas Company will post $2.17 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st will be paid a dividend of $0.4725 per share. This is a positive change from Northwest Natural Gas’s previous quarterly dividend of $0.47. This represents a $1.89 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Monday, October 30th. Northwest Natural Gas’s dividend payout ratio is presently 85.07%.

In other news, Director Martha L. Byorum sold 1,202 shares of the stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $64.88, for a total transaction of $77,985.76. Following the sale, the director now directly owns 1,202 shares of the company’s stock, valued at approximately $77,985.76. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO David Hugo Anderson sold 8,000 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $66.97, for a total transaction of $535,760.00. Following the sale, the chief executive officer now directly owns 71,484 shares in the company, valued at $4,787,283.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,202 shares of company stock worth $879,666. Corporate insiders own 1.48% of the company’s stock.

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.

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

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