Northwest Natural Gas Co. (NWN) Position Held by Duff & Phelps Investment Management Co.
Duff & Phelps Investment Management Co. held its stake in Northwest Natural Gas Co. (NYSE:NWN) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 800,000 shares of the company’s stock at the end of the third quarter. Duff & Phelps Investment Management Co. owned 2.90% of Northwest Natural Gas worth $48,088,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the company. Creative Planning increased its stake in Northwest Natural Gas by 19.3% in the third quarter. Creative Planning now owns 1,852 shares of the company’s stock valued at $111,000 after buying an additional 300 shares during the last quarter. Acrospire Investment Management LLC acquired a new stake in shares of Northwest Natural Gas during the second quarter worth $123,000. Advisor Group Inc. acquired a new stake in shares of Northwest Natural Gas during the second quarter worth $137,000. Sharkey Howes & Javer increased its stake in shares of Northwest Natural Gas by 0.8% in the second quarter. Sharkey Howes & Javer now owns 2,148 shares of the company’s stock worth $139,000 after buying an additional 17 shares during the last quarter. Finally, Perigon Wealth Management LLC acquired a new stake in shares of Northwest Natural Gas during the second quarter worth $162,000. 59.44% of the stock is owned by institutional investors and hedge funds.
Northwest Natural Gas Co. (NYSE:NWN) traded down 2.18% during mid-day trading on Wednesday, reaching $58.35. The company’s stock had a trading volume of 4,641 shares. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 26.70 and a beta of 0.32. The stock’s 50 day moving average is $57.40 and its 200 day moving average is $60.02. Northwest Natural Gas Co. has a 12 month low of $47.78 and a 12 month high of $66.17.
Northwest Natural Gas (NYSE:NWN) last released its quarterly earnings data on Wednesday, November 2nd. The company reported ($0.29) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.05. Northwest Natural Gas had a return on equity of 7.87% and a net margin of 8.96%. The firm earned $87.73 million during the quarter, compared to analyst estimates of $70.12 million. During the same period in the prior year, the company posted ($0.24) earnings per share. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. Equities research analysts predict that Northwest Natural Gas Co. will post $2.23 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st were paid a dividend of $0.47 per share. This is a positive change from Northwest Natural Gas’s previous quarterly dividend of $0.47. This represents a $1.88 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend was Thursday, October 27th. Northwest Natural Gas’s dividend payout ratio is currently 85.84%.
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A number of equities research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Northwest Natural Gas from a “buy” rating to a “hold” rating in a report on Wednesday, November 2nd. Guggenheim assumed coverage on shares of Northwest Natural Gas in a report on Thursday, November 3rd. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $64.50.
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.
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