Nationwide Fund Advisors decreased its stake in shares of Northwest Natural Gas Co (NYSE:NWN) by 2.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 35,845 shares of the utilities provider’s stock after selling 817 shares during the quarter. Nationwide Fund Advisors owned about 0.13% of Northwest Natural Gas worth $2,308,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in NWN. Vanguard Group Inc. lifted its holdings in shares of Northwest Natural Gas by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 2,729,991 shares of the utilities provider’s stock worth $163,389,000 after purchasing an additional 26,107 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Northwest Natural Gas by 1.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 861,985 shares of the utilities provider’s stock worth $51,590,000 after purchasing an additional 11,437 shares in the last quarter. State Street Corp lifted its holdings in shares of Northwest Natural Gas by 5.1% in the 2nd quarter. State Street Corp now owns 736,047 shares of the utilities provider’s stock worth $44,053,000 after purchasing an additional 35,852 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Northwest Natural Gas by 1.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 461,003 shares of the utilities provider’s stock worth $27,591,000 after purchasing an additional 5,726 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Northwest Natural Gas by 5.5% in the 2nd quarter. Renaissance Technologies LLC now owns 427,100 shares of the utilities provider’s stock worth $25,562,000 after purchasing an additional 22,200 shares in the last quarter. 64.59% of the stock is owned by institutional investors.

A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded Northwest Natural Gas from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a report on Wednesday, September 6th. Wells Fargo & Company cut Northwest Natural Gas from a “market perform” rating to an “underperform” rating in a report on Monday. Finally, Royal Bank of Canada assumed coverage on Northwest Natural Gas in a report on Tuesday. They issued a “sector perform” rating and a $63.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Northwest Natural Gas has a consensus rating of “Buy” and an average target price of $71.00.

In other Northwest Natural Gas news, Director Martha L. Byorum sold 1,202 shares of the firm’s stock in a transaction on Wednesday, September 27th. The stock was 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 in the company, valued at approximately $77,985.76. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.48% of the stock is currently owned by company insiders.

Northwest Natural Gas Co (NWN) opened at $59.80 on Thursday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.69 and a current ratio of 0.98. Northwest Natural Gas Co has a 52 week low of $56.53 and a 52 week high of $69.50. The firm has a market capitalization of $1,738.57, a price-to-earnings ratio of 27.52, a price-to-earnings-growth ratio of 6.19 and a beta of 0.39.

Northwest Natural Gas (NYSE:NWN) last issued its quarterly earnings data on Friday, November 3rd. The utilities provider reported ($0.30) earnings per share for the quarter, beating the consensus estimate of ($0.31) by $0.01. Northwest Natural Gas had a return on equity of 7.31% and a net margin of 8.32%. The business had revenue of $88.20 million for the quarter, compared to analysts’ expectations of $91.19 million. During the same period last year, the business earned $1.18 EPS. The business’s revenue was up .6% on a year-over-year basis. equities research analysts anticipate that Northwest Natural Gas Co will post 2.18 earnings per share for the current year.

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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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