Northwest Natural Gas (NYSE:NWN – Get Free Report) issued an update on its FY 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 2.950-3.150 for the period, compared to the consensus estimate of 3.050. The company issued revenue guidance of -.
Northwest Natural Gas Trading Up 1.3%
Shares of NYSE NWN traded up $0.62 during trading on Wednesday, hitting $49.34. 91,374 shares of the company traded hands, compared to its average volume of 280,498. The company has a 50-day moving average price of $49.87 and a 200-day moving average price of $50.59. The firm has a market capitalization of $2.08 billion, a P/E ratio of 16.82 and a beta of 0.43. The company has a quick ratio of 0.62, a current ratio of 0.80 and a debt-to-equity ratio of 1.44. Northwest Natural Gas has a 1 year low of $39.29 and a 1 year high of $55.99.
Northwest Natural Gas (NYSE:NWN – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.09. Northwest Natural Gas had a net margin of 9.56% and a return on equity of 8.46%. The firm had revenue of $243.55 million for the quarter, compared to analyst estimates of $271.87 million. During the same quarter last year, the firm posted $0.01 earnings per share. Northwest Natural Gas’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, equities analysts predict that Northwest Natural Gas will post 3.04 EPS for the current year.
Northwest Natural Gas Announces Dividend
Wall Street Analyst Weigh In
Several research firms have commented on NWN. Freedom Capital raised Northwest Natural Gas from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Northwest Natural Gas in a report on Friday, May 29th. Wells Fargo & Company assumed coverage on Northwest Natural Gas in a research report on Monday, May 11th. They set an “underweight” rating and a $50.00 price target on the stock. Finally, TD Cowen initiated coverage on shares of Northwest Natural Gas in a research report on Thursday, April 16th. They issued a “hold” rating and a $58.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Northwest Natural Gas has an average rating of “Moderate Buy” and an average target price of $55.25.
Get Our Latest Analysis on NWN
Insider Activity at Northwest Natural Gas
In related news, Director David Hugo Anderson sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $51.18, for a total value of $76,770.00. Following the sale, the director owned 52,259 shares of the company’s stock, valued at approximately $2,674,615.62. This trade represents a 2.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.55% of the company’s stock.
Institutional Investors Weigh In On Northwest Natural Gas
A number of institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC grew its stake in shares of Northwest Natural Gas by 104.3% in the 3rd quarter. Larson Financial Group LLC now owns 711 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 363 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Northwest Natural Gas by 77.4% during the second quarter. EverSource Wealth Advisors LLC now owns 807 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 352 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new stake in Northwest Natural Gas in the fourth quarter valued at approximately $70,000. Osaic Holdings Inc. grew its position in Northwest Natural Gas by 29.4% in the second quarter. Osaic Holdings Inc. now owns 2,013 shares of the utilities provider’s stock worth $80,000 after acquiring an additional 457 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in Northwest Natural Gas by 523.2% in the second quarter. Tower Research Capital LLC TRC now owns 4,269 shares of the utilities provider’s stock worth $170,000 after acquiring an additional 3,584 shares in the last quarter. 75.13% of the stock is currently owned by institutional investors and hedge funds.
About Northwest Natural Gas
Northwest Natural Gas (NYSE: NWN), commonly known as NW Natural, is a publicly traded energy utility primarily engaged in the distribution of natural gas to residential, commercial and industrial customers. Headquartered in Portland, Oregon, the company operates an extensive pipeline network spanning thousands of miles across Oregon and southwest Washington. Its core business activities include gas procurement, system operation and maintenance, safety inspections and customer service support.
Dating back to the mid-19th century, Northwest Natural traces its origins to the Portland Gas Light Company, which first illuminated Portland streets with manufactured gas in 1859.
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