Northwest Natural Gas Company (NYSE:NWN) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. increased its stake in shares of Northwest Natural Gas Company (NYSE:NWN) by 10.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 172,928 shares of the utilities provider’s stock after buying an additional 16,595 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.60% of Northwest Natural Gas worth $10,221,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. First Trust Advisors LP increased its stake in shares of Northwest Natural Gas by 18.4% in the first quarter. First Trust Advisors LP now owns 323,114 shares of the utilities provider’s stock valued at $19,096,000 after buying an additional 50,320 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Northwest Natural Gas by 7.0% in the first quarter. Great West Life Assurance Co. Can now owns 40,273 shares of the utilities provider’s stock valued at $2,378,000 after buying an additional 2,632 shares in the last quarter. Wells Fargo & Company MN increased its stake 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 buying an additional 3,295 shares in the last quarter. Hennessy Advisors Inc. increased its stake in shares of Northwest Natural Gas by 2.2% in the first quarter. Hennessy Advisors Inc. now owns 241,403 shares of the utilities provider’s stock valued at $14,267,000 after buying an additional 5,117 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of Northwest Natural Gas by 2.1% in the first quarter. Janney Montgomery Scott LLC now owns 10,318 shares of the utilities provider’s stock valued at $610,000 after buying an additional 210 shares in the last quarter. Hedge funds and other institutional investors own 63.61% of the company’s stock.

Shares of Northwest Natural Gas Company (NYSE NWN) traded up 0.31% during mid-day trading on Friday, hitting $64.10. The stock had a trading volume of 133,585 shares. The stock has a 50-day moving average price of $62.56 and a 200 day moving average price of $60.55. The stock has a market cap of $1.84 billion, a P/E ratio of 28.68 and a beta of 0.43. Northwest Natural Gas Company has a 52 week low of $53.50 and a 52 week high of $66.00.

Northwest Natural Gas (NYSE:NWN) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.04. The business had revenue of $136.24 million for the quarter, compared to analysts’ expectations of $78.51 million. Northwest Natural Gas had a net margin of 8.38% and a return on equity of 7.51%. The firm’s revenue for the quarter was up 37.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.07 earnings per share. On average, equities analysts forecast that Northwest Natural Gas Company will post $2.19 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were paid a $0.47 dividend. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $1.88 dividend on an annualized basis and a yield of 2.93%. Northwest Natural Gas’s payout ratio is currently 85.07%.

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Several brokerages recently issued reports on NWN. BidaskClub upgraded Northwest Natural Gas from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 5th. Zacks Investment Research upgraded Northwest Natural Gas from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research note on Tuesday. Finally, Sidoti restated a “buy” rating and set a $75.00 target price (up 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 given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $65.33.

In other Northwest Natural Gas news, VP Shawn M. Filippi sold 1,200 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $62.27, for a total transaction of $74,724.00. Following the sale, the vice president now directly owns 1,330 shares of the company’s stock, valued at $82,819.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David A. Weber sold 2,000 shares of the company’s stock in a transaction dated 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 directly owns 2,027 shares in the company, valued at $124,782.12. The disclosure for this sale can be found here. In the last three months, insiders sold 6,224 shares of company stock worth $384,376. 1.48% of the stock is currently owned by insiders.

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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