Northwest Natural Gas Co (NWN) : True Private Wealth Advisors scooped up 859 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 May 11, 2016. The investment management firm now holds a total of 22,278 shares of Northwest Natural Gas Co which is valued at $1.3 Million.Northwest Natural Gas Co makes up approximately 0.50% of True Private Wealth Advisors’s portfolio.
Other Hedge Funds, Including , Teacher Retirement System Of Texas boosted its stake in NWN in the latest quarter, The investment management firm added 847 additional shares and now holds a total of 3,357 shares of Northwest Natural Gas Co which is valued at $192,960.Blackrock Group Ltd boosted its stake in NWN in the latest quarter, The investment management firm added 4,172 additional shares and now holds a total of 47,905 shares of Northwest Natural Gas Co which is valued at $2.8 Million.Ls Investment Advisors boosted its stake in NWN in the latest quarter, The investment management firm added 79 additional shares and now holds a total of 949 shares of Northwest Natural Gas Co which is valued at $54,549.Gabelli Funds reduced its stake in NWN by selling 7,000 shares or 1.48% in the most recent quarter. The Hedge Fund company now holds 465,000 shares of NWN which is valued at $26 Million. Northwest Natural Gas Co makes up approx 0.16% of Gabelli Funds’s portfolio.
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.