Duff & Phelps Investment Management Co. maintained its stake in shares of Northwest Natural Gas Co. (NYSE:NWN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 800,000 shares of the company’s stock at the end of the second quarter. Duff & Phelps Investment Management Co. owned about 2.91% of Northwest Natural Gas worth $51,856,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. AXA purchased a new stake in shares of Northwest Natural Gas during the first quarter valued at approximately $3,059,000. Chicago Equity Partners LLC purchased a new stake in shares of Northwest Natural Gas during the second quarter valued at approximately $3,010,000. UBS Group AG increased its stake in shares of Northwest Natural Gas by 92.6% in the first quarter. UBS Group AG now owns 62,074 shares of the company’s stock valued at $3,343,000 after buying an additional 29,837 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of Northwest Natural Gas by 22.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 154,281 shares of the company’s stock valued at $10,001,000 after buying an additional 28,639 shares during the period. Finally, BlackRock Fund Advisors increased its stake in shares of Northwest Natural Gas by 1.5% in the first quarter. BlackRock Fund Advisors now owns 1,748,087 shares of the company’s stock valued at $94,134,000 after buying an additional 25,958 shares during the period. 61.10% of the stock is currently owned by institutional investors.

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

Northwest Natural Gas Co. (NYSE:NWN) traded down 1.68% during trading on Wednesday, reaching $58.37. 109,272 shares of the company’s stock traded hands. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 26.03 and a beta of 0.36. The company has a 50 day moving average of $59.56 and a 200 day moving average of $59.06. Northwest Natural Gas Co. has a one year low of $45.38 and a one year high of $66.17.

Northwest Natural Gas (NYSE:NWN) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. The firm earned $99.20 million during the quarter, compared to the consensus estimate of $111.12 million. Northwest Natural Gas had a return on equity of 8.09% and a net margin of 9.09%. The firm’s quarterly revenue was down 28.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.08 earnings per share. Equities research analysts predict that Northwest Natural Gas Co. will post $2.08 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Monday, October 31st will be issued a $0.47 dividend. This is an increase from Northwest Natural Gas’s previous quarterly dividend of $0.47. This represents a $1.88 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Thursday, October 27th. Northwest Natural Gas’s payout ratio is presently 83.48%.

Separately, Zacks Investment Research downgraded shares of Northwest Natural Gas from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th.

Northwest Natural Gas Company Profile

Northwest Natural Gas Company 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. The local gas distribution business, referred to as the utility segment, serves residential, commercial, and industrial customers in Oregon and southwest Washington.

5 Day Chart for NYSE:NWN

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