David Hugo Anderson Sells 8,000 Shares of Northwest Natural Gas Company (NWN) Stock

Northwest Natural Gas Company (NYSE:NWN) CEO David Hugo Anderson sold 8,000 shares of the stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $66.97, for a total transaction of $535,760.00. Following the sale, the chief executive officer now directly owns 71,484 shares of the company’s stock, valued at approximately $4,787,283.48. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Shares of Northwest Natural Gas Company (NYSE:NWN) opened at 67.60 on Friday. Northwest Natural Gas Company has a 12 month low of $53.50 and a 12 month high of $67.75. The firm has a 50-day moving average of $64.87 and a 200 day moving average of $61.30. The firm has a market cap of $1.94 billion, a P/E ratio of 30.25 and a beta of 0.42.

Northwest Natural Gas (NYSE:NWN) last issued its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.04. The company had revenue of $136.24 million for the quarter, compared to the consensus estimate of $78.51 million. Northwest Natural Gas had a return on equity of 7.51% and a net margin of 8.38%. The company’s revenue for the quarter was up 37.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.07 EPS. On average, equities research analysts anticipate that Northwest Natural Gas Company will post $2.18 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date was Thursday, July 27th. Northwest Natural Gas’s dividend payout ratio is presently 85.07%.

TRADEMARK VIOLATION WARNING: “David Hugo Anderson Sells 8,000 Shares of Northwest Natural Gas Company (NWN) Stock” was published by Transcript Daily and is the property of of Transcript Daily. If you are reading this piece on another website, it was illegally stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece can be accessed at https://transcriptdaily.com/2017/09/09/david-hugo-anderson-sells-8000-shares-of-northwest-natural-gas-company-nwn-stock.html.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Flinton Capital Management LLC grew its position in Northwest Natural Gas by 4.7% in the first quarter. Flinton Capital Management LLC now owns 1,876 shares of the utilities provider’s stock valued at $111,000 after acquiring an additional 84 shares during the period. Public Employees Retirement System of Ohio grew its position in Northwest Natural Gas by 2.0% in the second quarter. Public Employees Retirement System of Ohio now owns 2,063 shares of the utilities provider’s stock valued at $123,000 after acquiring an additional 40 shares during the period. D.A. Davidson & CO. grew its position in Northwest Natural Gas by 61.0% in the second quarter. D.A. Davidson & CO. now owns 2,111 shares of the utilities provider’s stock valued at $126,000 after acquiring an additional 800 shares during the period. Sharkey Howes & Javer grew its position in Northwest Natural Gas by 0.8% in the first quarter. Sharkey Howes & Javer now owns 2,200 shares of the utilities provider’s stock valued at $130,000 after acquiring an additional 17 shares during the period. Finally, Riverhead Capital Management LLC grew its position in Northwest Natural Gas by 88.6% in the second quarter. Riverhead Capital Management LLC now owns 2,263 shares of the utilities provider’s stock valued at $136,000 after acquiring an additional 1,063 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

NWN has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Northwest Natural Gas from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Tuesday, July 11th. Sidoti reissued a “buy” rating and set a $75.00 target price (up previously from $68.00) on shares of Northwest Natural Gas in a research report on Monday, June 19th. Finally, BidaskClub downgraded shares of Northwest Natural Gas from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $66.00.

About Northwest Natural Gas

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.

Insider Buying and Selling by Quarter for Northwest Natural Gas (NYSE:NWN)

Receive News & Ratings for Northwest Natural Gas Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northwest Natural Gas Company and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply