Northwest Natural Gas Co (NWN) Shares Sold by Chicago Equity Partners LLC
Chicago Equity Partners LLC reduced its stake in Northwest Natural Gas Co (NYSE:NWN) by 89.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,865 shares of the utilities provider’s stock after selling 32,565 shares during the period. Chicago Equity Partners LLC’s holdings in Northwest Natural Gas were worth $231,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of NWN. New York State Common Retirement Fund grew its stake in Northwest Natural Gas by 9.1% in the 2nd quarter. New York State Common Retirement Fund now owns 31,100 shares of the utilities provider’s stock worth $1,861,000 after acquiring an additional 2,599 shares in the last quarter. GSA Capital Partners LLP bought a new position in Northwest Natural Gas in the 2nd quarter worth about $318,000. Northern Trust Corp grew its stake in Northwest Natural Gas by 4.9% in the 2nd quarter. Northern Trust Corp now owns 355,037 shares of the utilities provider’s stock worth $21,249,000 after acquiring an additional 16,547 shares in the last quarter. Vanguard Group Inc. grew its stake in Northwest Natural Gas by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 2,729,991 shares of the utilities provider’s stock worth $163,389,000 after acquiring an additional 26,107 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in Northwest Natural Gas by 5.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 119,818 shares of the utilities provider’s stock worth $7,171,000 after acquiring an additional 6,471 shares in the last quarter. Institutional investors and hedge funds own 64.79% of the company’s stock.
In other news, Director Mark S. Dodson sold 1,036 shares of the company’s stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $56.05, for a total value of $58,067.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.48% of the stock is currently owned by corporate insiders.
Shares of Northwest Natural Gas Co (NYSE NWN) opened at $56.20 on Tuesday. Northwest Natural Gas Co has a 52-week low of $52.47 and a 52-week high of $69.50. The firm has a market cap of $1,610.80, a P/E ratio of 25.41, a PEG ratio of 5.48 and a beta of 0.33. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.98 and a quick ratio of 0.69.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be given a $0.4725 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $1.89 annualized dividend and a dividend yield of 3.36%. Northwest Natural Gas’s payout ratio is presently 85.91%.
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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