Northwest Natural Gas Co (NWN) Position Reduced by California State Teachers Retirement System

California State Teachers Retirement System lessened its holdings in Northwest Natural Gas Co (NYSE:NWN) by 9.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 45,438 shares of the utilities provider’s stock after selling 4,910 shares during the quarter. California State Teachers Retirement System’s holdings in Northwest Natural Gas were worth $2,926,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. OxFORD Asset Management LLP increased its holdings in Northwest Natural Gas by 69.1% in the third quarter. OxFORD Asset Management LLP now owns 13,693 shares of the utilities provider’s stock valued at $889,000 after buying an additional 5,597 shares during the last quarter. KBC Group NV increased its holdings in Northwest Natural Gas by 14.6% in the third quarter. KBC Group NV now owns 6,500 shares of the utilities provider’s stock valued at $419,000 after buying an additional 827 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Northwest Natural Gas by 1.7% in the third quarter. Dimensional Fund Advisors LP now owns 876,327 shares of the utilities provider’s stock valued at $56,436,000 after buying an additional 14,342 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Northwest Natural Gas by 11.6% in the third quarter. Schwab Charles Investment Management Inc. now owns 204,001 shares of the utilities provider’s stock valued at $13,138,000 after buying an additional 21,220 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Northwest Natural Gas by 43.3% in the third quarter. Wells Fargo & Company MN now owns 163,412 shares of the utilities provider’s stock valued at $10,523,000 after buying an additional 49,365 shares during the last quarter. 64.59% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently commented on the company. Zacks Investment Research lowered Northwest Natural Gas from a “hold” rating to a “sell” rating in a report on Wednesday. Sidoti lowered Northwest Natural Gas from a “buy” rating to a “neutral” rating and set a $63.00 target price on the stock. in a report on Monday. Wells Fargo & Co lowered Northwest Natural Gas from a “market perform” rating to an “underperform” rating in a report on Monday, December 18th. Guggenheim lowered Northwest Natural Gas from a “neutral” rating to a “sell” rating in a report on Tuesday, January 2nd. Finally, Royal Bank of Canada assumed coverage on Northwest Natural Gas in a report on Tuesday, December 19th. They issued a “sector perform” rating and a $63.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a strong buy rating to the company’s stock. Northwest Natural Gas presently has a consensus rating of “Hold” and an average target price of $67.00.

Northwest Natural Gas Co (NWN) opened at $56.75 on Friday. The stock has a market capitalization of $1,630.00, a PE ratio of 25.80, a price-to-earnings-growth ratio of 5.77 and a beta of 0.40. Northwest Natural Gas Co has a twelve month low of $55.70 and a twelve month high of $69.50. The company has a current ratio of 0.98, a quick ratio of 0.69 and a debt-to-equity ratio of 0.89.

Northwest Natural Gas (NYSE:NWN) last issued its quarterly earnings data on Friday, November 3rd. The utilities provider reported ($0.30) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.01. The company 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 7.31% and a net margin of 8.32%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the company posted $1.18 earnings per share. sell-side analysts forecast that Northwest Natural Gas Co will post 2.18 EPS for the current year.

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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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