Dimensional Fund Advisors LP Boosts Stake in Northwest Natural Gas Company (NWN)

Dimensional Fund Advisors LP grew its position in Northwest Natural Gas Company (NYSE:NWN) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 861,985 shares of the utilities provider’s stock after purchasing an additional 11,437 shares during the quarter. Dimensional Fund Advisors LP owned about 3.01% of Northwest Natural Gas worth $51,590,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. grew its position in Northwest Natural Gas by 12,672.6% during the first quarter. BlackRock Inc. now owns 3,607,352 shares of the utilities provider’s stock worth $213,194,000 after buying an additional 3,579,109 shares in the last quarter. Vanguard Group Inc. grew its position in Northwest Natural Gas by 1.0% during the second quarter. Vanguard Group Inc. now owns 2,729,991 shares of the utilities provider’s stock worth $163,389,000 after buying an additional 26,107 shares in the last quarter. State Street Corp grew its position in Northwest Natural Gas by 4.9% during the first quarter. State Street Corp now owns 700,195 shares of the utilities provider’s stock worth $41,379,000 after buying an additional 32,715 shares in the last quarter. JPMorgan Chase & Co. grew its position in Northwest Natural Gas by 1.3% during the second quarter. JPMorgan Chase & Co. now owns 461,003 shares of the utilities provider’s stock worth $27,591,000 after buying an additional 5,726 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Northwest Natural Gas by 5.5% during the second quarter. Renaissance Technologies LLC now owns 427,100 shares of the utilities provider’s stock worth $25,562,000 after buying an additional 22,200 shares in the last quarter. 63.31% of the stock is currently owned by institutional investors.

Shares of Northwest Natural Gas Company (NYSE NWN) opened at 66.70 on Friday. The company’s 50-day moving average price is $65.86 and its 200-day moving average price is $62.63. Northwest Natural Gas Company has a 12 month low of $53.50 and a 12 month high of $68.60. The firm has a market cap of $1.91 billion, a P/E ratio of 29.84 and a beta of 0.42.

Northwest Natural Gas (NYSE:NWN) last released its quarterly earnings data 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 net margin of 8.38% and a return on equity of 7.51%. The business had revenue of $136.24 million during the quarter, compared to analyst estimates of $78.51 million. During the same period in the previous year, the business earned $0.07 EPS. Northwest Natural Gas’s revenue was up 37.4% compared to the same quarter last year. On average, analysts predict that Northwest Natural Gas Company will post $2.17 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st will be given a dividend of $0.4725 per share. This is a positive change from Northwest Natural Gas’s previous quarterly dividend of $0.47. This represents a $1.89 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Monday, October 30th. Northwest Natural Gas’s payout ratio is 85.07%.

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In other news, VP Lori L. Russell sold 2,000 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $66.93, for a total transaction of $133,860.00. Following the completion of the transaction, the vice president now directly owns 3,512 shares in the company, valued at approximately $235,058.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Martha L. Byorum sold 1,202 shares of the business’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $64.88, for a total transaction of $77,985.76. Following the transaction, the director now owns 1,202 shares of the company’s stock, valued at $77,985.76. The disclosure for this sale can be found here. Insiders have sold a total of 13,202 shares of company stock valued at $879,666 over the last 90 days. Company insiders own 1.48% of the company’s stock.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research raised Northwest Natural Gas from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research report on Tuesday, July 11th. BidaskClub raised Northwest Natural Gas from a “hold” rating to a “buy” rating in a research report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target 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.

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

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