Northwest Natural Gas Co (NWN) : Vista Capital Partners scooped up 3 additional shares in Northwest Natural Gas Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 8,642 shares of Northwest Natural Gas Co which is valued at $558,619.Northwest Natural Gas Co makes up approximately 0.16% of Vista Capital Partners’s portfolio.
Other Hedge Funds, Including , Alpha Windward reduced its stake in NWN by selling 300 shares or 3.94% in the most recent quarter. The Hedge Fund company now holds 7,320 shares of NWN which is valued at $474,556. Northwest Natural Gas Co makes up approx 0.34% of Alpha Windward’s portfolio.
Northwest Natural Gas Co closed down -0.3 points or -0.46% at $64.64 with 72,216 shares getting traded on Monday. Post opening the session at $64.9, the shares hit an intraday low of $64.54 and an intraday high of $65.19 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Northwest Natural Gas Co reported $1.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on May 3, 2016. Analyst had a consensus of $1.25. The company had revenue of $255.50 million for the quarter, compared to analysts expectations of $228.45 million. The company’s revenue was down -2.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.37 EPS.
Investors should note that on Jul 7, 2016, Northwest Natural Gas Co announced a cash dividend of $0.4675. The company’s management has announced Jul 27, 2016 as the ex-dividend date and fixed the record date on Jul 29, 2016. The payable date has been fixed on Aug 15, 2016.
Many Wall Street Analysts have commented on Northwest Natural Gas Co. Northwest Natural Gas Co was Downgraded by Hilliard Lyons to ” Underperform” on May 26, 2016. Northwest Natural Gas Co was Initiated by Sidoti to “Buy” on Apr 25, 2016.
Northwest Natural Gas Company is engaged in the distribution of natural gas. The Company operates in two business segments: Local Gas Distribution and Gas Storage. The Company maintains operations in Oregon Washington and California and conducts businesses through NW Natural and its subsidiaries. The local gas distribution business referred to as the utility segment serves residential commercial and industrial customers in Oregon and southwest Washington; and the gas storage business referred to as the gas storage segment provides storage services for utilities gas marketers electric generators and industrial users from storage facilities located in Oregon and California. As of December 31 2014 the Company had 700000 customers with around 89% located in Oregon and 11% located in Washington. It provides natural gas service to over 100 cities in around 18 counties.