The institutional investor owned 269,738 shares of the utilities provider's stock after selling 13,871 shares during the period. Rhumbline Advisers bought a new position in shares of Delta Natural Gas during the 2nd quarter worth approximately $233,000.
A number of large investors have recently modified their holdings of DGAS. Teachers Advisors LLC boosted its holdings in Northwest Natural Gas by 2.3% in the 4th quarter. Teachers Advisors LLC now owns 54,827 shares of the utilities provider's stock worth $3,279,000 after buying an additional 1,214 shares during the period. Public Employees Retirement System of OH grew its holdings in Northwest Natural Gas by 2.0% in the second quarter. Gabelli Funds LLC now owns 298,100 shares of the utilities provider's stock worth $9,047,000 after buying an additional 21,100 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Northwest Natural Gas by 30.6% in the 1st quarter. American International Group Inc. now owns 4,217 shares of the utilities provider's stock worth $128,000 after buying an additional 290 shares during the period.
Shares of Northwest Natural Gas (NWN) opened at 67.75 on Wednesday. The stock has a 50 day moving average price of $59.37 and a 200-day moving average price of $60.38. The stock has a market cap of $218.47 million, a price-to-earnings ratio of 34.63 and a beta of 0.57. Delta Natural Gas has a 52-week low of $22.06 and a 52-week high of $31.29. Northwest Natural Gas had a return on equity of 7.51% and a net margin of 8.38%. The firm earned $87.73 million during the quarter, compared to the consensus estimate of $70.12 million. During the same period a year ago, the business earned $0.07 earnings per share. The firm's revenue was down 5.8% on a year-over-year basis.
05/26/2016 - Northwest Natural Gas Company was downgraded to "underperform" by analysts at Hilliard Lyons.
Northwest Natural Gas Company (NYSE:NWN) declared a quarterly dividend on Thursday, January 12th. Stockholders of record on Tuesday, September 19th will be paid a $0.187 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Monday, September 18th. Delta Natural Gas's dividend payout ratio (DPR) is presently 93.26%.
In related news, CEO David Hugo Anderson sold 8,000 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $59.73, for a total transaction of $35,838.00. Following the sale, the chief executive officer now owns 71,484 shares of the company's stock, valued at $4,787,283.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The shares were sold at an average price of $66.97, for a total value of $535,760.00. Over the last quarter, insiders have sold 14,000 shares of company stock valued at $924,800. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company.
Several other research analysts have also recently weighed in on NWN.
ValuEngine upgraded shares of Delta Natural Gas Company, Inc. BidaskClub cut shares of Northwest Natural Gas from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 24th.
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Through regulated segment, the Company distributes natural gas to its retail customers in approximately 23 rural counties. The Company's segments include regulated segment and non-regulated segment. The Company maintains operations in Oregon, Washington and California and conducts businesses through NW Natural and its subsidiaries.