TD Asset Management Inc. decreased its stake in shares of Northwest Natural Gas Company (NYSE:NWN) by 31.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,450 shares of the utilities provider’s stock after selling 9,100 shares during the period. TD Asset Management Inc. owned about 0.07% of Northwest Natural Gas worth $1,164,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in NWN. Creative Planning boosted its position in shares of Northwest Natural Gas by 0.3% in the second quarter. Creative Planning now owns 2,436 shares of the utilities provider’s stock valued at $146,000 after buying an additional 8 shares in the last quarter. Sharkey Howes & Javer boosted its position in shares of 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 buying an additional 17 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Northwest Natural Gas by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 3,160 shares of the utilities provider’s stock valued at $186,000 after buying an additional 60 shares in the last quarter. Flinton Capital Management LLC boosted its position in shares of 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 buying an additional 84 shares in the last quarter. Finally, Neuburgh Advisers LLC boosted its position in shares of 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. Institutional investors own 63.32% of the company’s stock.

Shares of Northwest Natural Gas Company (NYSE:NWN) opened at 65.75 on Monday. Northwest Natural Gas Company has a 1-year low of $53.50 and a 1-year high of $66.00. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 29.42 and a beta of 0.43. The company’s 50-day moving average is $63.20 and its 200 day moving average is $60.79.

Northwest Natural Gas (NYSE:NWN) last released its earnings results 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. Northwest Natural Gas had a net margin of 8.38% and a return on equity of 7.51%. The firm had revenue of $136.24 million for the quarter, compared to analyst estimates of $78.51 million. During the same period in the prior year, the firm earned $0.07 earnings per share. The business’s quarterly revenue was up 37.4% compared to the same quarter last year. Equities analysts anticipate that Northwest Natural Gas Company will post $2.19 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.86%. Northwest Natural Gas’s payout ratio is 85.07%.

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Several equities analysts recently issued reports on the stock. BidaskClub upgraded shares of Northwest Natural Gas from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 5th. Zacks Investment Research raised shares of Northwest Natural Gas from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a research note on Friday, August 4th. Finally, Sidoti reissued a “buy” rating and set a $75.00 price objective (up previously from $68.00) on shares of Northwest Natural Gas in a research note on Monday, June 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $65.33.

In related news, VP Kimberly A. Heiting sold 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $61.58, for a total transaction of $166,266.00. Following the sale, the vice president now directly owns 4,807 shares in the company, valued at $296,015.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David A. Weber sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $61.56, for a total transaction of $123,120.00. Following the sale, the chief executive officer now owns 2,027 shares in the company, valued at $124,782.12. The disclosure for this sale can be found here. Insiders have sold 6,224 shares of company stock worth $384,376 over the last 90 days. Insiders own 1.48% of the company’s stock.

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.

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

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