Vista Capital Partners buys $447,500 stake in Northwest Natural Gas Co (NWN)

Northwest Natural Gas Co (NWN) : Vista Capital Partners scooped up 1,800 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 Apr 12, 2016. The investment management firm now holds a total of 8,639 shares of Northwest Natural Gas Co which is valued at $447,500.Northwest Natural Gas Co makes up approximately 0.06% of Vista Capital Partners’s portfolio.

Northwest Natural Gas Co opened for trading at $51.25 and hit $52.12 on the upside on Friday, eventually ending the session at $51.8, with a gain of 0.97% or 0.5 points. The heightened volatility saw the trading volume jump to 1,09,786 shares. Company has a market cap of $1,421 M.

Other Hedge Funds, Including , Capstone Asset Management Co reduced its stake in NWN by selling 610 shares or 7.44% in the most recent quarter. The Hedge Fund company now holds 7,590 shares of NWN which is valued at $393,162. Northwest Natural Gas Co makes up approx 0.01% of Capstone Asset Management Co’s portfolio. Investment Counsel sold out all of its stake in NWN during the most recent quarter. The investment firm sold 2,000 shares of NWN which is valued $103,600.Marshwinds Advisory Co reduced its stake in NWN by selling 674 shares or 6.1% in the most recent quarter. The Hedge Fund company now holds 10,376 shares of NWN which is valued at $538,411. Northwest Natural Gas Co makes up approx 0.28% of Marshwinds Advisory Co’s portfolio.

On the company’s financial health, Northwest Natural Gas Co reported $1.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Feb 26, 2016. Analyst had a consensus of $1.03. The company had revenue of $230.72 million for the quarter, compared to analysts expectations of $123.26 million. The company’s revenue was down -4.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.04 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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