Northwest Natural Gas Co (NWN) : Acadia Trust Na reduced its stake in Northwest Natural Gas Co by 4.73% during the most recent quarter end. The investment management company now holds a total of 146,157 shares of Northwest Natural Gas Co which is valued at $8.4 Million after selling 7,254 shares in Northwest Natural Gas Co , the firm said in a disclosure report filed with the SEC on May 11, 2016.Northwest Natural Gas Co makes up approximately 2.71% of Acadia Trust Na’s portfolio.
Other Hedge Funds, Including , Piermont Capital Management added NWN to its portfolio by purchasing 52,596 company shares during the most recent quarter which is valued at $3 Million. Northwest Natural Gas Co makes up approx 0.98% of Piermont Capital Management’s portfolio.Parnassus Investments Ca reduced its stake in NWN by selling 1,655,777 shares or 61.53% in the most recent quarter. The Hedge Fund company now holds 1,035,400 shares of NWN which is valued at $59.5 Million. Northwest Natural Gas Co makes up approx 0.39% of Parnassus Investments Ca’s portfolio.Welch Forbes reduced its stake in NWN by selling 3,374 shares or 10.16% in the most recent quarter. The Hedge Fund company now holds 29,832 shares of NWN which is valued at $1.7 Million. Northwest Natural Gas Co makes up approx 0.05% of Welch Forbes’s portfolio.Nisa Investment Advisors L.l.c. reduced its stake in NWN by selling 2,000 shares or 34.48% in the most recent quarter. The Hedge Fund company now holds 3,800 shares of NWN which is valued at $195,852.
Northwest Natural Gas Co opened for trading at $57.43 and hit $57.74 on the upside on Monday, eventually ending the session at $57.69, with a gain of 0.37% or 0.21 points. The heightened volatility saw the trading volume jump to 1,15,201 shares. Company has a market cap of $1,586 M.
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.
Many Wall Street Analysts have commented on Northwest Natural Gas Co. 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.