Northwest Natural Gas Company (NYSE:NWN) VP Shawn M. Filippi sold 1,200 shares of the stock in a transaction on Friday, June 9th. The stock was sold at an average price of $62.27, for a total transaction of $74,724.00. Following the sale, the vice president now owns 1,330 shares of the company’s stock, valued at $82,819.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Northwest Natural Gas Company (NWN) traded up 0.08% during midday trading on Friday, reaching $62.45. 115,768 shares of the company’s stock were exchanged. Northwest Natural Gas Company has a 12-month low of $53.50 and a 12-month high of $66.17. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 28.07 and a beta of 0.42. The firm has a 50-day moving average price of $60.51 and a 200 day moving average price of $59.57.
Northwest Natural Gas Company (NYSE:NWN) last released its earnings results on Monday, May 8th. The utilities provider reported $1.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.41 by $0.01. The business had revenue of $297.30 million during the quarter, compared to analysts’ expectations of $147.56 million. Northwest Natural Gas Company had a return on equity of 7.57% and a net margin of 8.72%. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.40 earnings per share. On average, analysts expect that Northwest Natural Gas Company will post $2.17 EPS for the current fiscal year.
Separately, Zacks Investment Research upgraded shares of Northwest Natural Gas Company from a “sell” rating to a “hold” rating in a report on Wednesday, May 17th.
Several hedge funds have recently added to or reduced their stakes in NWN. Flinton Capital Management LLC acquired a new stake in Northwest Natural Gas Company during the fourth quarter worth $107,000. Sharkey Howes & Javer increased its stake in Northwest Natural Gas Company by 0.8% in the first quarter. Sharkey Howes & Javer now owns 2,200 shares of the utilities provider’s stock worth $130,000 after buying an additional 17 shares in the last quarter. Neuburgh Advisers LLC increased its stake in Northwest Natural Gas Company by 4.7% in the first quarter. Neuburgh Advisers LLC now owns 2,278 shares of the utilities provider’s stock worth $135,000 after buying an additional 102 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Northwest Natural Gas Company during the first quarter worth $139,000. Finally, State of Alaska Department of Revenue increased its stake in Northwest Natural Gas Company by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 3,160 shares of the utilities provider’s stock worth $186,000 after buying an additional 60 shares in the last quarter. 63.67% of the stock is currently owned by hedge funds and other institutional investors.
Northwest Natural Gas Company 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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