Northwest Natural Gas Company (NYSE:NWN - Get Free Report) Director David Hugo Anderson sold 1,500 shares of the firm's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $50.86, for a total value of $76,290.00. Following the sale, the director directly owned 50,759 shares of the company's stock, valued at $2,581,602.74. This represents a 2.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
David Hugo Anderson also recently made the following trade(s):
- On Monday, July 20th, David Hugo Anderson sold 1,500 shares of Northwest Natural Gas stock. The stock was sold at an average price of $51.18, for a total value of $76,770.00.
Northwest Natural Gas Price Performance
Shares of NWN stock opened at $51.03 on Wednesday. The stock's fifty day moving average is $50.15 and its 200-day moving average is $50.85. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.55 and a current ratio of 0.77. The stock has a market capitalization of $2.15 billion, a PE ratio of 17.01 and a beta of 0.43. Northwest Natural Gas Company has a 52 week low of $40.09 and a 52 week high of $55.99.
Northwest Natural Gas (NYSE:NWN - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $0.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $0.09. The business had revenue of $243.55 million during the quarter, compared to analysts' expectations of $271.87 million. Northwest Natural Gas had a return on equity of 8.33% and a net margin of 9.75%.The firm's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.01 earnings per share. Northwest Natural Gas has set its FY 2026 guidance at 2.950-3.150 EPS. Equities research analysts expect that Northwest Natural Gas Company will post 3.04 EPS for the current fiscal year.
Northwest Natural Gas Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were issued a $0.4925 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $1.97 dividend on an annualized basis and a dividend yield of 3.9%. Northwest Natural Gas's dividend payout ratio (DPR) is currently 65.67%.
Institutional Trading of Northwest Natural Gas
A number of hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its position in shares of Northwest Natural Gas by 77.4% during the second quarter. EverSource Wealth Advisors LLC now owns 807 shares of the utilities provider's stock worth $32,000 after purchasing an additional 352 shares in the last quarter. Larson Financial Group LLC grew its stake in Northwest Natural Gas by 104.3% in the third quarter. Larson Financial Group LLC now owns 711 shares of the utilities provider's stock valued at $32,000 after acquiring an additional 363 shares during the period. Versant Capital Management Inc increased its holdings in shares of Northwest Natural Gas by 197.5% in the second quarter. Versant Capital Management Inc now owns 723 shares of the utilities provider's stock worth $35,000 after acquiring an additional 480 shares in the last quarter. Torren Management LLC acquired a new stake in shares of Northwest Natural Gas during the fourth quarter worth about $41,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Northwest Natural Gas during the second quarter worth about $45,000. 75.13% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
NWN has been the subject of several research reports. Freedom Capital raised Northwest Natural Gas from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 7th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Northwest Natural Gas in a report on Friday, May 29th. Finally, Wells Fargo & Company raised Northwest Natural Gas from an "underweight" rating to an "equal weight" rating and set a $50.00 price objective for the company in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $55.25.
Check Out Our Latest Stock Report on NWN
About Northwest Natural Gas
(
Get Free Report)
Northwest Natural Gas (NYSE: NWN), commonly known as NW Natural, is a publicly traded energy utility primarily engaged in the distribution of natural gas to residential, commercial and industrial customers. Headquartered in Portland, Oregon, the company operates an extensive pipeline network spanning thousands of miles across Oregon and southwest Washington. Its core business activities include gas procurement, system operation and maintenance, safety inspections and customer service support.
Dating back to the mid-19th century, Northwest Natural traces its origins to the Portland Gas Light Company, which first illuminated Portland streets with manufactured gas in 1859.
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