Global X Management Co. LLC raised its stake in Northwest Natural Gas Company (NYSE:NWN) by 5.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 135,736 shares of the utilities provider’s stock after buying an additional 7,111 shares during the period. Global X Management Co. LLC’s holdings in Northwest Natural Gas were worth $8,124,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Texas Permanent School Fund boosted its position in shares of Northwest Natural Gas by 0.9% in the second quarter. Texas Permanent School Fund now owns 20,913 shares of the utilities provider’s stock valued at $1,252,000 after buying an additional 185 shares during the period. Great West Life Assurance Co. Can boosted its position in shares of Northwest Natural Gas by 3.1% in the second quarter. Great West Life Assurance Co. Can now owns 41,521 shares of the utilities provider’s stock valued at $2,482,000 after buying an additional 1,248 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in shares of Northwest Natural Gas by 6.7% in the second quarter. Municipal Employees Retirement System of Michigan now owns 8,920 shares of the utilities provider’s stock valued at $534,000 after buying an additional 560 shares during the period. Personal Capital Advisors Corp acquired a new position in shares of Northwest Natural Gas during the second quarter valued at about $557,000. Finally, Huntington National Bank boosted its position in shares of Northwest Natural Gas by 200.0% in the second quarter. Huntington National Bank now owns 3,000 shares of the utilities provider’s stock valued at $180,000 after buying an additional 2,000 shares during the period. 63.61% of the stock is owned by hedge funds and other institutional investors.

Shares of Northwest Natural Gas Company (NWN) opened at 65.35 on Friday. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 29.24 and a beta of 0.43. The company’s 50-day moving average is $61.96 and its 200 day moving average is $60.31. Northwest Natural Gas Company has a 52-week low of $53.50 and a 52-week high of $66.00.

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

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.88 dividend on an annualized basis and a yield of 2.88%. Northwest Natural Gas’s payout ratio is currently 85.07%.

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Several research analysts recently issued reports on the stock. BidaskClub raised shares of Northwest Natural Gas from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 5th. Zacks Investment Research raised shares of Northwest Natural Gas from a “hold” rating to a “buy” rating and set a $73.00 target price for the company in a report on Friday, August 4th. Finally, Sidoti reissued a “buy” rating and set a $75.00 target price (up previously from $68.00) on shares of Northwest Natural Gas in a report on Monday, June 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $65.67.

In other Northwest Natural Gas news, VP Shawn M. Filippi sold 1,200 shares of the company’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $62.27, for a total transaction of $74,724.00. Following the completion of the transaction, the vice president now owns 1,330 shares in the company, valued at approximately $82,819.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David A. Weber sold 2,000 shares of the company’s stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $61.56, for a total transaction of $123,120.00. Following the transaction, the chief executive officer now owns 2,027 shares of the company’s stock, valued at approximately $124,782.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,224 shares of company stock valued at $384,376. 1.48% of the stock is owned by insiders.

Northwest Natural Gas Company 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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