Northwest Natural Gas Company (NWN) Position Raised by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC boosted its stake in Northwest Natural Gas Company (NYSE:NWN) by 0.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 136,824 shares of the utilities provider’s stock after purchasing an additional 758 shares during the quarter. Mutual of America Capital Management LLC owned about 0.48% of Northwest Natural Gas worth $8,189,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sharkey Howes & Javer grew its stake in Northwest Natural Gas by 0.8% in the first quarter. Sharkey Howes & Javer now owns 2,200 shares of the utilities provider’s stock valued at $130,000 after acquiring an additional 17 shares during the period. Riverhead Capital Management LLC grew its stake in Northwest Natural Gas by 88.6% in the second quarter. Riverhead Capital Management LLC now owns 2,263 shares of the utilities provider’s stock valued at $136,000 after acquiring an additional 1,063 shares during the period. Neuburgh Advisers LLC grew its stake in Northwest Natural Gas by 4.7% in the first quarter. Neuburgh Advisers LLC now owns 2,278 shares of the utilities provider’s stock valued at $135,000 after acquiring an additional 102 shares during the period. Ameritas Investment Partners Inc. acquired a new position in Northwest Natural Gas in the first quarter valued at about $139,000. Finally, Creative Planning grew its stake in Northwest Natural Gas by 0.3% in the second quarter. Creative Planning now owns 2,436 shares of the utilities provider’s stock valued at $146,000 after acquiring an additional 8 shares during the period. Institutional investors and hedge funds own 63.32% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Northwest Natural Gas Company (NWN) Position Raised by Mutual of America Capital Management LLC” was published by Stock Observer and is owned by of Stock Observer. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this news story can be accessed at https://www.thestockobserver.com/2017/09/19/northwest-natural-gas-company-nwn-position-raised-by-mutual-of-america-capital-management-llc.html.

In other Northwest Natural Gas news, VP Lori L. Russell sold 2,000 shares of Northwest Natural Gas stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $66.93, for a total transaction of $133,860.00. Following the completion of the transaction, the vice president now owns 3,512 shares in the company, valued at approximately $235,058.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David Hugo Anderson sold 8,000 shares of Northwest Natural Gas stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $66.97, for a total value of $535,760.00. Following the transaction, the chief executive officer now owns 71,484 shares of the company’s stock, valued at approximately $4,787,283.48. The disclosure for this sale can be found here. Insiders have sold a total of 12,000 shares of company stock valued at $801,680 in the last quarter. Company insiders own 1.48% of the company’s stock.

A number of research firms have issued reports on NWN. Zacks Investment Research cut Northwest Natural Gas from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. BidaskClub raised Northwest Natural Gas from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 5th. Finally, Sidoti reissued a “buy” rating and issued a $75.00 target price (up from $68.00) on shares of Northwest Natural Gas in a research note on Monday, June 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $66.00.

Northwest Natural Gas Company (NWN) traded down 0.23% on Tuesday, reaching $66.00. The company’s stock had a trading volume of 4,736 shares. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 29.53 and a beta of 0.42. The firm’s 50-day moving average price is $65.59 and its 200-day moving average price is $61.59. Northwest Natural Gas Company has a 52-week low of $53.50 and a 52-week high of $68.60.

Northwest Natural Gas (NYSE:NWN) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.04. The company had revenue of $136.24 million during the quarter, compared to the consensus estimate of $78.51 million. Northwest Natural Gas had a return on equity of 7.51% and a net margin of 8.38%. The firm’s revenue for the quarter was up 37.4% compared to the same quarter last year. During the same period last year, the business posted $0.07 EPS. On average, equities analysts expect that Northwest Natural Gas Company will post $2.18 earnings per share for the current year.

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)

Receive News & Ratings for Northwest Natural Gas Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northwest Natural Gas Company and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply