Ameritas Investment Partners Inc. Buys 150 Shares of Northwest Natural Gas Company (NWN)

Ameritas Investment Partners Inc. grew its stake in Northwest Natural Gas Company (NYSE:NWN) by 6.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,496 shares of the utilities provider’s stock after buying an additional 150 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Northwest Natural Gas were worth $149,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. D.A. Davidson & CO. raised its position in shares of Northwest Natural Gas by 61.0% during the 2nd quarter. D.A. Davidson & CO. now owns 2,111 shares of the utilities provider’s stock worth $126,000 after acquiring an additional 800 shares in the last quarter. Sharkey Howes & Javer raised its position in shares of Northwest Natural Gas by 0.8% during the 2nd quarter. Sharkey Howes & Javer now owns 2,217 shares of the utilities provider’s stock worth $133,000 after acquiring an additional 17 shares in the last quarter. Riverhead Capital Management LLC raised its position in shares of Northwest Natural Gas by 88.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,263 shares of the utilities provider’s stock worth $136,000 after acquiring an additional 1,063 shares in the last quarter. Creative Planning raised its position in shares of Northwest Natural Gas by 0.3% during the 2nd quarter. Creative Planning now owns 2,436 shares of the utilities provider’s stock worth $146,000 after acquiring an additional 8 shares in the last quarter. Finally, Huntington National Bank raised its position in shares of Northwest Natural Gas by 200.0% during the 2nd quarter. Huntington National Bank now owns 3,000 shares of the utilities provider’s stock worth $180,000 after acquiring an additional 2,000 shares in the last quarter. 63.28% of the stock is currently owned by institutional investors and hedge funds.

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Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Northwest Natural Gas from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research report on Tuesday, July 11th. BidaskClub raised Northwest Natural Gas from a “hold” rating to a “buy” rating in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $66.00.

Shares of Northwest Natural Gas Company (NWN) opened at $66.65 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.82 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $1,910.32, a price-to-earnings ratio of 30.30, a PEG ratio of 6.83 and a beta of 0.39.

Northwest Natural Gas (NYSE:NWN) last issued its earnings results on Friday, November 3rd. The utilities provider reported ($0.30) earnings per share for the quarter, topping the consensus estimate of ($0.31) by $0.01. The business had revenue of $88.20 million for the quarter, compared to analyst estimates of $91.19 million. Northwest Natural Gas had a return on equity of 7.51% and a net margin of 8.38%. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the company earned $1.18 EPS. research analysts anticipate that Northwest Natural Gas Company will post 2.17 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be given a dividend of $0.4725 per share. This is a positive change from Northwest Natural Gas’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Monday, October 30th. This represents a $1.89 annualized dividend and a yield of 2.84%. Northwest Natural Gas’s payout ratio is 85.91%.

In other Northwest Natural Gas news, VP Grant M. Yoshihara sold 2,000 shares of Northwest Natural Gas stock in a transaction that occurred 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 owns 15,301 shares of the company’s stock, valued at $1,010,325.03. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Martha L. Byorum sold 1,202 shares of Northwest Natural Gas stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $64.88, for a total value 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,202 shares of company stock worth $879,666. 1.48% of the stock is currently owned by corporate insiders.

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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