Gamco Investors INC. ET AL continued to hold its position in shares of Northwest Natural Gas Company (NYSE:NWN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,700 shares of the utilities provider’s stock at the end of the second quarter. Gamco Investors INC. ET AL owned 0.11% of Northwest Natural Gas worth $1,957,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. increased its position in shares of 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. increased its position in shares of 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 increased its position in shares of 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. increased its position in shares of 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. bought a new position in shares of Northwest Natural Gas during the first quarter valued at about $3,180,000. Hedge funds and other institutional investors own 63.61% of the company’s stock.

Northwest Natural Gas Company (NYSE NWN) opened at 65.75 on Friday. The company’s 50 day moving average price is $63.20 and its 200 day moving average price is $60.79. The firm has a market capitalization of $1.88 billion, a P/E ratio of 29.42 and a beta of 0.43. 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 issued its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.10 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 company had revenue of $136.24 million during the quarter, compared to analysts’ expectations of $78.51 million. During the same quarter in the previous year, the company earned $0.07 EPS. Northwest Natural Gas’s revenue was up 37.4% on a year-over-year basis. Analysts anticipate that Northwest Natural Gas Company will post $2.19 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend was Thursday, July 27th. Northwest Natural Gas’s dividend payout ratio is 85.07%.

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NWN has been the subject of several research reports. Zacks Investment Research upgraded Northwest Natural Gas from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Tuesday, July 11th. Sidoti restated a “buy” rating and set a $75.00 price objective (up from $68.00) on shares of Northwest Natural Gas in a research report on Monday, June 19th. Finally, BidaskClub downgraded Northwest Natural Gas from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $65.33.

In other news, VP Kimberly A. Heiting sold 2,700 shares of Northwest Natural Gas stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $61.58, for a total transaction of $166,266.00. Following the completion of the sale, the vice president now owns 4,807 shares in the company, valued at approximately $296,015.06. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO David A. Weber sold 2,000 shares of Northwest Natural Gas stock in a transaction that occurred 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 sale, 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 quarter, insiders have sold 6,224 shares of company stock valued at $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.

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

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