Vista Capital Partners buys $486,078 stake in Northwest Natural Gas Co (NWN)

Northwest Natural Gas Co (NWN) : Vista Capital Partners scooped up 4 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 Oct 12, 2016. The investment management firm now holds a total of 8,646 shares of Northwest Natural Gas Co which is valued at $486,078.Northwest Natural Gas Co makes up approximately 0.05% of Vista Capital Partners’s portfolio.

Other Hedge Funds, Including , Legal General Group Plc boosted its stake in NWN in the latest quarter, The investment management firm added 27,901 additional shares and now holds a total of 104,625 shares of Northwest Natural Gas Co which is valued at $5,882,018. Northwest Natural Gas Co makes up approx 0.01% of Legal General Group Plc’s portfolio.Fisher Asset Management boosted its stake in NWN in the latest quarter, The investment management firm added 5,801 additional shares and now holds a total of 237,383 shares of Northwest Natural Gas Co which is valued at $13,725,485. Northwest Natural Gas Co makes up approx 0.03% of Fisher Asset Management’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in NWN by selling 4,352 shares or 46.31% in the most recent quarter. The Hedge Fund company now holds 5,046 shares of NWN which is valued at $285,503. Eqis Capital Management added NWN to its portfolio by purchasing 5,176 company shares during the most recent quarter which is valued at $292,858. Northwest Natural Gas Co makes up approx 0.02% of Eqis Capital Management’s portfolio.

Northwest Natural Gas Co closed down -1.6 points or -2.77% at $56.22 with 78,968 shares getting traded on Tuesday. Post opening the session at $57.77, the shares hit an intraday low of $56.1 and an intraday high of $57.775 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Northwest Natural Gas Co reported $0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.06. The company had revenue of $99.20 million for the quarter, compared to analysts expectations of $99.93 million. The company’s revenue was down -28.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.08 EPS.

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.

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