OLD Republic International Corp Has $15,759,000 Stake in Northwest Natural Gas Company (NWN)

OLD Republic International Corp held its position in Northwest Natural Gas Company (NYSE:NWN) during the second quarter, according to its most recent filing with the SEC. The firm owned 263,300 shares of the utilities provider’s stock at the end of the second quarter. OLD Republic International Corp owned about 0.92% of Northwest Natural Gas worth $15,759,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mason Street Advisors LLC boosted its position in Northwest Natural Gas by 7.2% in the first quarter. Mason Street Advisors LLC now owns 6,695 shares of the utilities provider’s stock valued at $396,000 after buying an additional 452 shares in the last quarter. Teachers Advisors LLC boosted its position in Northwest Natural Gas by 2.3% in the fourth quarter. Teachers Advisors LLC now owns 54,827 shares of the utilities provider’s stock valued at $3,279,000 after buying an additional 1,214 shares in the last quarter. BlackRock Inc. boosted its position in 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. Neuburgh Advisers LLC boosted its position in Northwest Natural Gas by 4.7% in the first quarter. Neuburgh Advisers LLC now owns 2,278 shares of the utilities provider’s stock valued at $135,000 after buying an additional 102 shares in the last quarter. Finally, Ameritas Investment Partners Inc. acquired a new position in Northwest Natural Gas during the first quarter valued at $139,000. Hedge funds and other institutional investors own 63.61% of the company’s stock.

Shares of Northwest Natural Gas Company (NWN) opened at 64.30 on Friday. The stock has a market cap of $1.84 billion, a PE ratio of 28.77 and a beta of 0.43. Northwest Natural Gas Company has a 52-week low of $53.50 and a 52-week high of $66.00. The company’s 50-day moving average price is $62.04 and its 200-day moving average price is $60.35.

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

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be paid a $0.47 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.88 dividend on an annualized basis and a yield of 2.92%. Northwest Natural Gas’s dividend payout ratio (DPR) is 85.07%.

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Several research analysts have recently weighed in on NWN shares. Zacks Investment Research upgraded Northwest Natural Gas from a “sell” rating to a “hold” rating in a research note on Wednesday, May 17th. BidaskClub cut Northwest Natural Gas from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Sidoti restated a “buy” rating and issued a $75.00 price target (up previously from $68.00) on shares of Northwest Natural Gas in a research note on Monday, June 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Northwest Natural Gas presently has an average rating of “Hold” and an average price target of $65.67.

In related news, VP Shawn M. Filippi sold 1,200 shares of the firm’s stock in a transaction on Friday, June 9th. The stock was 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 owns 1,330 shares in the company, valued at approximately $82,819.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David A. Weber sold 2,000 shares of the firm’s stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $61.56, for a total value of $123,120.00. Following the completion of the transaction, 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. Insiders sold a total of 6,224 shares of company stock valued at $384,376 in the last 90 days. 1.48% of the stock is currently 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.

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

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