California Public Employees Retirement System lifted its stake in shares of Northwest Natural Gas Co (NYSE:NWN) by 6.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 52,920 shares of the utilities provider’s stock after acquiring an additional 3,120 shares during the period. California Public Employees Retirement System’s holdings in Northwest Natural Gas were worth $3,408,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in NWN. Schwab Charles Investment Management Inc. lifted its position in shares of Northwest Natural Gas by 5.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 182,781 shares of the utilities provider’s stock valued at $10,940,000 after acquiring an additional 9,853 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Northwest Natural Gas by 1.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 461,003 shares of the utilities provider’s stock valued at $27,591,000 after acquiring an additional 5,726 shares during the period. Schroder Investment Management Group acquired a new position in shares of Northwest Natural Gas during the 2nd quarter valued at $245,000. Wells Fargo & Company MN lifted its position in shares of Northwest Natural Gas by 5.9% during the 2nd quarter. Wells Fargo & Company MN now owns 114,047 shares of the utilities provider’s stock valued at $6,825,000 after acquiring an additional 6,402 shares during the period. Finally, Alliancebernstein L.P. lifted its position in shares of Northwest Natural Gas by 27.3% during the 2nd quarter. Alliancebernstein L.P. now owns 66,576 shares of the utilities provider’s stock valued at $3,985,000 after acquiring an additional 14,290 shares during the period. Institutional investors own 64.59% of the company’s stock.

Northwest Natural Gas Co (NWN) opened at $57.00 on Friday. 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 1-year low of $55.70 and a 1-year high of $69.50. The firm has a market cap of $1,629.47, a price-to-earnings ratio of 25.80, a price-to-earnings-growth ratio of 5.54 and a beta of 0.40.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be issued a dividend of $0.4725 per share. This represents a $1.89 annualized dividend and a yield of 3.32%. Northwest Natural Gas’s payout ratio is 85.91%.

A number of research analysts recently issued reports on the stock. Sidoti downgraded shares of Northwest Natural Gas from a “buy” rating to a “neutral” rating and set a $63.00 target price on the stock. in a research report on Monday, January 8th. Zacks Investment Research downgraded shares of Northwest Natural Gas from a “hold” rating to a “sell” rating in a research report on Saturday, September 30th. Wells Fargo & Co downgraded shares of Northwest Natural Gas from a “market perform” rating to an “underperform” rating in a report on Monday, December 18th. Royal Bank of Canada assumed coverage on shares of Northwest Natural Gas in a report on Tuesday, December 19th. They set a “sector perform” rating and a $63.00 price objective on the stock. Finally, Guggenheim downgraded shares of Northwest Natural Gas from a “neutral” rating to a “sell” rating in a report on Tuesday, January 2nd. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $67.00.

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Northwest Natural Gas 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.

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

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