Northwest Natural Gas Co (NYSE:NWN) VP Grant M. Yoshihara sold 2,000 shares of Northwest Natural Gas stock in a transaction that occurred 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 completion of the sale, the vice president now owns 15,301 shares in the company, valued at $1,010,325.03. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Northwest Natural Gas Co (NWN) remained flat at $66.10 during midday trading on Wednesday. 173,407 shares of the company traded hands. The firm has a 50 day moving average price of $63.20 and a 200 day moving average price of $60.79. The stock has a market cap of $1.89 billion, a P/E ratio of 29.57 and a beta of 0.43. Northwest Natural Gas Co has a 52-week low of $53.50 and a 52-week high of $66.22.

Northwest Natural Gas (NYSE:NWN) last posted its quarterly 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. The firm 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 2.00% and a return on equity of 1.26%. The firm’s revenue for the quarter was up 37.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.07 earnings per share. On average, equities research analysts anticipate that Northwest Natural Gas Co will post $2.19 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were issued a dividend of $0.47 per share. The ex-dividend date was Thursday, July 27th. This represents a $1.88 annualized dividend and a yield of 2.84%. Northwest Natural Gas’s dividend payout ratio is currently 85.07%.

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Several research firms recently weighed in on NWN. Zacks Investment Research upgraded Northwest Natural Gas from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research report on Wednesday. BidaskClub upgraded Northwest Natural Gas from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 5th. Finally, Sidoti restated a “buy” rating and set a $75.00 price target (up from $68.00) on shares of Northwest Natural Gas in a research report on Monday, June 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $66.00.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Flinton Capital Management LLC boosted 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 in the last quarter. Public Employees Retirement System of Ohio boosted its position in Northwest Natural Gas by 2.0% in the second quarter. Public Employees Retirement System of Ohio now owns 2,063 shares of the utilities provider’s stock valued at $123,000 after buying an additional 40 shares in the last quarter. D.A. Davidson & CO. boosted its position in Northwest Natural Gas by 61.0% in the second quarter. D.A. Davidson & CO. now owns 2,111 shares of the utilities provider’s stock valued at $126,000 after buying an additional 800 shares in the last quarter. Sharkey Howes & Javer boosted its position in Northwest Natural Gas by 0.8% in the first quarter. Sharkey Howes & Javer now owns 2,200 shares of the utilities provider’s stock valued at $130,000 after buying an additional 17 shares in the last quarter. Finally, Neuburgh Advisers LLC boosted its position in Northwest Natural Gas by 4.7% in the first quarter. Neuburgh Advisers LLC now owns 2,278 shares of the utilities provider’s stock valued at $135,000 after buying an additional 102 shares in the last quarter. 63.32% of the stock is owned by hedge funds and other institutional investors.

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.

Insider Buying and Selling by Quarter for Northwest Natural Gas (NYSE:NWN)

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