Riverhead Capital Management LLC raised its holdings in shares of Northwest Natural Gas Company (NYSE:NWN) by 88.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,263 shares of the utilities provider’s stock after acquiring an additional 1,063 shares during the quarter. Riverhead Capital Management LLC’s holdings in Northwest Natural Gas were worth $136,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Wells Fargo & Company MN lifted its position in shares of Northwest Natural Gas by 3.2% in the first quarter. Wells Fargo & Company MN now owns 107,645 shares of the utilities provider’s stock valued at $6,362,000 after acquiring an additional 3,295 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Northwest Natural Gas by 2.8% during the first quarter. Bank of New York Mellon Corp now owns 509,781 shares of the utilities provider’s stock worth $30,128,000 after purchasing an additional 14,121 shares in the last quarter. Comerica Bank grew its position in shares of Northwest Natural Gas by 4.4% during the first quarter. Comerica Bank now owns 31,694 shares of the utilities provider’s stock worth $1,914,000 after purchasing an additional 1,331 shares in the last quarter. Swiss National Bank grew its position in shares of Northwest Natural Gas by 4.2% during the first quarter. Swiss National Bank now owns 47,200 shares of the utilities provider’s stock worth $2,790,000 after purchasing an additional 1,900 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its position in shares of Northwest Natural Gas by 89.4% during the first quarter. UBS Asset Management Americas Inc. now owns 27,403 shares of the utilities provider’s stock worth $1,620,000 after purchasing an additional 12,933 shares in the last quarter. 63.32% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently issued reports on NWN. Zacks Investment Research raised Northwest Natural Gas from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a research note on Wednesday, August 30th. BidaskClub raised Northwest Natural Gas from a “hold” rating to a “buy” rating in a report on Thursday, July 27th. Finally, Sidoti restated a “buy” rating and issued a $75.00 price target (up from $68.00) on shares of Northwest Natural Gas in a research note on Monday, June 19th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $66.00.

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In other news, 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 directly owns 1,202 shares of the company’s stock, valued at $77,985.76. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Grant M. Yoshihara sold 2,000 shares of the business’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $66.03, for a total transaction of $132,060.00. Following the transaction, the vice president now directly owns 15,301 shares in the company, valued at $1,010,325.03. The disclosure for this sale can be found here. Insiders sold 13,202 shares of company stock valued at $879,666 in the last ninety days. 1.48% of the stock is owned by corporate insiders.

Northwest Natural Gas Company (NWN) opened at 64.75 on Wednesday. The company’s 50-day moving average is $65.73 and its 200 day moving average is $62.12. Northwest Natural Gas Company has a 1-year low of $53.50 and a 1-year high of $68.60. The stock has a market capitalization of $1.86 billion, a PE ratio of 28.97 and a beta of 0.42.

Northwest Natural Gas (NYSE:NWN) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.10 EPS for the quarter, topping the consensus estimate of $0.06 by $0.04. The firm had revenue of $136.24 million for the quarter, compared to analyst estimates of $78.51 million. Northwest Natural Gas had a return on equity of 7.51% and a net margin of 8.38%. Northwest Natural Gas’s revenue for the quarter was up 37.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.07 EPS. Equities analysts predict that Northwest Natural Gas Company will post $2.17 earnings per share for the current year.

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.

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

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