First Trust Advisors LP decreased its position in shares of Northwest Natural Gas Company (NYSE:NWN) by 8.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 335,560 shares of the utilities provider’s stock after selling 32,527 shares during the quarter. First Trust Advisors LP owned approximately 1.17% of Northwest Natural Gas worth $21,610,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the business. Creative Planning grew its holdings in shares of Northwest Natural Gas by 0.3% during the second quarter. Creative Planning now owns 2,436 shares of the utilities provider’s stock worth $146,000 after purchasing an additional 8 shares during the last quarter. Sharkey Howes & Javer grew its holdings in shares of Northwest Natural Gas by 0.8% during the second quarter. Sharkey Howes & Javer now owns 2,217 shares of the utilities provider’s stock worth $133,000 after purchasing an additional 17 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Northwest Natural Gas by 2.0% during the second quarter. Public Employees Retirement System of Ohio now owns 2,063 shares of the utilities provider’s stock worth $123,000 after purchasing an additional 40 shares during the last quarter. Peregrine Asset Advisers Inc. grew its holdings in shares of Northwest Natural Gas by 1.3% during the second quarter. Peregrine Asset Advisers Inc. now owns 3,525 shares of the utilities provider’s stock worth $211,000 after purchasing an additional 45 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Northwest Natural Gas by 2.0% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,521 shares of the utilities provider’s stock worth $211,000 after purchasing an additional 68 shares during the last quarter. 63.28% of the stock is currently owned by institutional investors.

NWN has been the topic of several research reports. Zacks Investment Research raised Northwest Natural Gas from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a report on Wednesday, September 6th. BidaskClub upgraded shares of Northwest Natural Gas from a “hold” rating to a “buy” rating in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $66.00.

Shares of Northwest Natural Gas Company (NWN) opened at $66.65 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.57 and a current ratio of 0.82. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 29.91, a PEG ratio of 6.77 and a beta of 0.39.

Northwest Natural Gas (NYSE:NWN) last announced its quarterly earnings results on Friday, November 3rd. The utilities provider reported ($0.30) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.32) by $0.02. Northwest Natural Gas had a return on equity of 7.51% and a net margin of 8.38%. The business had revenue of $88.20 million for the quarter, compared to the consensus estimate of $91.19 million. During the same period last year, the business posted $1.18 EPS. The business’s revenue was up .6% compared to the same quarter last year. research analysts expect that Northwest Natural Gas Company will post 2.17 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st will be issued a $0.4725 dividend. The ex-dividend date of this dividend is Monday, October 30th. This is an increase from Northwest Natural Gas’s previous quarterly dividend of $0.47. This represents a $1.89 dividend on an annualized basis and a dividend yield of 2.84%. Northwest Natural Gas’s dividend payout ratio (DPR) is currently 85.52%.

In related news, Director Martha L. Byorum sold 1,202 shares of the business’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $64.88, for a total transaction of $77,985.76. Following the transaction, the director now directly owns 1,202 shares in the company, valued at approximately $77,985.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Grant M. Yoshihara sold 2,000 shares of the business’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $66.03, for a total value of $132,060.00. Following the transaction, the vice president now owns 15,301 shares in the company, valued at $1,010,325.03. The disclosure for this sale can be found here. Insiders sold a total of 13,202 shares of company stock worth $879,666 over the last quarter. Company insiders own 1.48% of the company’s stock.

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Northwest Natural Gas Profile

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.

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

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