Garrison Financial Corp maintained its stake in Northwest Natural Gas Company (NYSE:NWN) during the second quarter, Holdings Channel reports. The firm owned 5,909 shares of the utilities provider’s stock at the end of the second quarter. Garrison Financial Corp’s holdings in Northwest Natural Gas were worth $354,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Northwest Natural Gas by 12,672.6% in the first quarter. BlackRock Inc. now owns 3,607,352 shares of the utilities provider’s stock valued at $213,194,000 after buying an additional 3,579,109 shares in the last quarter. Vanguard Group Inc. raised its stake in Northwest Natural Gas by 4.7% in the first quarter. Vanguard Group Inc. now owns 2,703,884 shares of the utilities provider’s stock valued at $159,800,000 after buying an additional 120,458 shares in the last quarter. Renaissance Technologies LLC raised its stake in Northwest Natural Gas by 22.0% in the first quarter. Renaissance Technologies LLC now owns 404,900 shares of the utilities provider’s stock valued at $23,930,000 after buying an additional 73,000 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Northwest Natural Gas by 31.8% in the first quarter. Ameriprise Financial Inc. now owns 297,119 shares of the utilities provider’s stock valued at $17,558,000 after buying an additional 71,679 shares in the last quarter. Finally, Asset Management One Co. Ltd. acquired a new stake in Northwest Natural Gas during the first quarter valued at approximately $3,180,000. Institutional investors and hedge funds own 63.61% of the company’s stock.

Northwest Natural Gas Company (NYSE:NWN) opened at 64.30 on Friday. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 28.77 and a beta of 0.43. The firm has a 50-day moving average of $62.04 and a 200-day moving average of $60.35. Northwest Natural Gas Company has a 12-month low of $53.50 and a 12-month high of $66.00.

Northwest Natural Gas (NYSE:NWN) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.04. The firm had revenue of $136.24 million for the quarter, compared to analyst estimates of $78.51 million. Northwest Natural Gas had a return on equity of 7.51% and a net margin of 8.38%. Northwest Natural Gas’s revenue was up 37.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.07 earnings per share. Equities research analysts forecast that Northwest Natural Gas Company will post $2.19 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Thursday, July 27th. Northwest Natural Gas’s payout ratio is currently 85.07%.

COPYRIGHT VIOLATION NOTICE: This piece was first published by Watch List News and is owned by of Watch List News. If you are accessing this piece on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be read at https://www.watchlistnews.com/northwest-natural-gas-company-nwn-position-maintained-by-garrison-financial-corp/1478758.html.

Several equities research analysts recently commented on NWN shares. Sidoti reiterated a “buy” rating and issued a $75.00 price objective (up from $68.00) on shares of Northwest Natural Gas in a research report on Monday, June 19th. Zacks Investment Research upgraded shares of Northwest Natural Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, May 17th. Finally, BidaskClub lowered shares of Northwest Natural Gas from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Northwest Natural Gas presently has an average rating of “Hold” and an average target price of $65.67.

In related news, CEO David A. Weber sold 2,000 shares of Northwest Natural Gas stock in a transaction dated 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 directly owns 2,027 shares of the company’s stock, valued at $124,782.12. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Shawn M. Filippi sold 1,200 shares of Northwest Natural Gas stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $62.27, for a total value of $74,724.00. Following the transaction, the vice president now directly owns 1,330 shares in the company, valued at $82,819.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,224 shares of company stock worth $384,376. 1.48% of the stock is owned by corporate 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.

Want to see what other hedge funds are holding NWN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northwest Natural Gas Company (NYSE:NWN).

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

Receive News & Ratings for Northwest Natural Gas Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northwest Natural Gas Company and related companies with Analyst Ratings Network's FREE daily email newsletter.