Teachers Retirement System of The State of Kentucky Has $506,000 Position in Northwest Natural Gas Company (NYSE:NWN)

Teachers Retirement System of The State of Kentucky maintained its position in shares of Northwest Natural Gas Company (NYSE:NWN) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,559 shares of the utilities provider’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in Northwest Natural Gas were worth $506,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. First Trust Advisors LP raised its stake in shares of Northwest Natural Gas by 18.4% in the first quarter. First Trust Advisors LP now owns 323,114 shares of the utilities provider’s stock valued at $19,096,000 after buying an additional 50,320 shares in the last quarter. Great West Life Assurance Co. Can increased its position in shares of Northwest Natural Gas by 7.0% in the first quarter. Great West Life Assurance Co. Can now owns 40,273 shares of the utilities provider’s stock valued at $2,378,000 after buying an additional 2,632 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Northwest Natural Gas by 3.2% in the first quarter. Wells Fargo & Company MN now owns 107,645 shares of the utilities provider’s stock valued at $6,362,000 after buying an additional 3,295 shares during the last quarter. Hennessy Advisors Inc. increased its position in shares of Northwest Natural Gas by 2.2% in the first quarter. Hennessy Advisors Inc. now owns 241,403 shares of the utilities provider’s stock valued at $14,267,000 after buying an additional 5,117 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of Northwest Natural Gas by 2.1% in the first quarter. Janney Montgomery Scott LLC now owns 10,318 shares of the utilities provider’s stock valued at $610,000 after buying an additional 210 shares during the last quarter. 63.61% of the stock is owned by institutional investors.

Northwest Natural Gas Company (NYSE:NWN) opened at 64.10 on Friday. Northwest Natural Gas Company has a 12 month low of $53.50 and a 12 month high of $66.00. The firm has a market cap of $1.84 billion, a PE ratio of 28.68 and a beta of 0.43. The firm’s 50-day moving average is $62.56 and its 200-day moving average is $60.55.

Northwest Natural Gas (NYSE:NWN) last posted its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.04. Northwest Natural Gas had a return on equity of 7.51% and a net margin of 8.38%. The business had revenue of $136.24 million for the quarter, compared to analysts’ expectations of $78.51 million. During the same quarter in the prior year, the business earned $0.07 EPS. The firm’s revenue for the quarter was up 37.4% on a year-over-year basis. Equities analysts expect that Northwest Natural Gas Company will post $2.19 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend was Thursday, July 27th. Northwest Natural Gas’s dividend payout ratio (DPR) is presently 85.07%.

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Several brokerages have recently weighed in on NWN. Zacks Investment Research raised shares of Northwest Natural Gas from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Tuesday. BidaskClub raised shares of Northwest Natural Gas from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 5th. Finally, Sidoti reaffirmed a “buy” rating and issued a $75.00 target price (up previously from $68.00) on shares of Northwest Natural Gas in a report on Monday, June 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Northwest Natural Gas currently has a consensus rating of “Buy” and a consensus price target of $65.33.

In other Northwest Natural Gas news, VP Kimberly A. Heiting sold 2,700 shares of the company’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $61.58, for a total value of $166,266.00. Following the transaction, the vice president now directly owns 4,807 shares of the company’s stock, valued at approximately $296,015.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Shawn M. Filippi sold 1,200 shares of the company’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $62.27, for a total value of $74,724.00. Following the completion of 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. In the last 90 days, insiders sold 6,224 shares of company stock worth $384,376. 1.48% of the stock is owned by company 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.

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

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