Northwest Natural Gas Co (NWN) Expected to Post FY2017 Earnings of $2.15 Per Share

Northwest Natural Gas Co (NYSE:NWN) – Investment analysts at US Capital Advisors issued their FY2017 earnings per share (EPS) estimates for shares of Northwest Natural Gas in a note issued to investors on Wednesday, Zacks Investment Research reports. US Capital Advisors analyst D. Fidell expects that the utilities provider will earn $2.15 per share for the year.

NWN has been the subject of a number of other reports. Zacks Investment Research downgraded Northwest Natural Gas from a “hold” rating to a “sell” rating in a report on Thursday, March 2nd. Wells Fargo & Co assumed coverage on Northwest Natural Gas in a report on Wednesday, February 1st. They issued a “market perform” rating for the company. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $64.50.

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Northwest Natural Gas (NYSE:NWN) traded up 0.67% during trading on Friday, reaching $60.00. 129,915 shares of the company’s stock traded hands. The company has a 50 day moving average of $59.13 and a 200 day moving average of $58.68. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 28.30 and a beta of 0.31. Northwest Natural Gas has a one year low of $49.70 and a one year high of $66.17.

Northwest Natural Gas (NYSE:NWN) last announced its quarterly earnings results on Monday, February 27th. The utilities provider reported $1.00 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.04 by $0.04. The firm earned $233.50 million during the quarter, compared to the consensus estimate of $267.97 million. Northwest Natural Gas had a return on equity of 7.87% and a net margin of 8.96%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.16 EPS.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 15th. Shareholders of record on Friday, April 28th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date is Wednesday, April 26th. Northwest Natural Gas’s payout ratio is presently 85.84%.

In other news, insider Lea Anne Doolittle sold 3,200 shares of the business’s stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $58.00, for a total value of $185,600.00. Following the completion of the sale, the insider now directly owns 1,930 shares in the company, valued at $111,940. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David A. Weber sold 575 shares of the business’s stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $57.49, for a total value of $33,056.75. Following the completion of the sale, the chief executive officer now owns 26 shares of the company’s stock, valued at $1,494.74. The disclosure for this sale can be found here. Insiders sold 6,018 shares of company stock valued at $352,977 over the last 90 days. Company insiders own 2.07% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Flinton Capital Management LLC acquired a new stake in Northwest Natural Gas during the fourth quarter worth approximately $107,000. BKS Advisors LLC acquired a new stake in Northwest Natural Gas during the third quarter worth approximately $110,000. Creative Planning boosted its stake in Northwest Natural Gas by 19.3% in the third quarter. Creative Planning now owns 1,852 shares of the utilities provider’s stock worth $111,000 after buying an additional 300 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new stake in Northwest Natural Gas during the third quarter worth approximately $126,000. Finally, Sharkey Howes & Javer boosted its stake in Northwest Natural Gas by 0.8% in the third quarter. Sharkey Howes & Javer now owns 2,165 shares of the utilities provider’s stock worth $130,000 after buying an additional 17 shares during the period. Institutional investors and hedge funds own 59.63% of the company’s stock.

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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