Nuance Investments LLC Buys New Holdings in Northwest Natural Gas Co (NWN)

Nuance Investments LLC bought a new position in shares of Northwest Natural Gas Co (NYSE:NWN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 65,833 shares of the utilities provider’s stock, valued at approximately $3,927,000.

Other large investors have also modified their holdings of the company. New York State Common Retirement Fund boosted its holdings in Northwest Natural Gas by 9.1% during the second quarter. New York State Common Retirement Fund now owns 31,100 shares of the utilities provider’s stock worth $1,861,000 after buying an additional 2,599 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Northwest Natural Gas by 43.3% during the third quarter. Wells Fargo & Company MN now owns 163,412 shares of the utilities provider’s stock worth $10,523,000 after buying an additional 49,365 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Northwest Natural Gas by 11.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 204,001 shares of the utilities provider’s stock worth $13,138,000 after buying an additional 21,220 shares in the last quarter. OxFORD Asset Management LLP boosted its holdings in Northwest Natural Gas by 69.1% during the third quarter. OxFORD Asset Management LLP now owns 13,693 shares of the utilities provider’s stock worth $889,000 after buying an additional 5,597 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its holdings in Northwest Natural Gas by 44.7% during the third quarter. Municipal Employees Retirement System of Michigan now owns 12,910 shares of the utilities provider’s stock worth $831,000 after buying an additional 3,990 shares in the last quarter. Hedge funds and other institutional investors own 64.79% of the company’s stock.

In related news, Director Mark S. Dodson sold 1,036 shares of the company’s stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $56.05, for a total value of $58,067.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.48% of the stock is currently owned by corporate insiders.

Shares of Northwest Natural Gas Co (NYSE NWN) opened at $55.45 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.98 and a quick ratio of 0.69. The company has a market cap of $1,613.67, a P/E ratio of 25.55, a P/E/G ratio of 5.49 and a beta of 0.33. Northwest Natural Gas Co has a 12-month low of $52.47 and a 12-month high of $69.50.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be given a $0.4725 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $1.89 annualized dividend and a dividend yield of 3.41%. Northwest Natural Gas’s dividend payout ratio (DPR) is presently 85.91%.

Several brokerages recently commented on NWN. Sidoti downgraded shares of Northwest Natural Gas from a “buy” rating to a “neutral” rating and set a $63.00 price target for the company. in a research report on Monday, January 8th. Wells Fargo & Co downgraded shares of Northwest Natural Gas from a “market perform” rating to an “underperform” rating in a research report on Monday, December 18th. Zacks Investment Research upgraded shares of Northwest Natural Gas from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Saturday, November 18th. TheStreet downgraded shares of Northwest Natural Gas from a “b” rating to a “c+” rating in a research report on Friday, January 12th. Finally, Royal Bank of Canada began coverage on shares of Northwest Natural Gas in a research report on Tuesday, December 19th. They issued a “sector perform” rating and a $63.00 price target for the company. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $67.00.

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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.

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Institutional Ownership by Quarter for Northwest Natural Gas (NYSE:NWN)

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