Northwest Natural Gas Co (NWN): David A. Weber , Pres. & CEO of Issuer’s Sub. of Northwest Natural Gas Co sold 2,000 shares on Jun 14, 2016. The Insider selling transaction was reported by the company on Jun 16, 2016 to the Securities and Exchange Commission. The shares were sold at $59.38 per share for a total value of $118,763.40 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 16, 2016, Mardilyn Saathoff (SVP, General Counsel & Reg.) sold 5,000 shares at $59.22 per share price.On Jun 16, 2016, Lori L Russell (VP) sold 1,200 shares at $59.26 per share price.Also, On Jun 15, 2016, Grant M Yoshihara (VP) sold 2,000 shares at $59.15 per share price.On Jun 14, 2016, Gregg S Kantor (CEO) sold 1,000 shares at $59.16 per share price.
Northwest Natural Gas Co: On Wednesday, Jun 15, 2016 heightened volatility was witnessed in Northwest Natural Gas Co which led to swings in the share price. The shares opened for trading at $59.86 and hit $60.2 on the upside , eventually ending the session at $59.97, with a gain of 0.71% or 0.42 points. The heightened volatility saw the trading volume jump to 2,09,160 shares. The 52-week high of the share price is $60.2 and the company has a market cap of $1,649 M . The 52-week low of the share price is at $42.
Company has been under the radar of several Street Analysts.Northwest Natural Gas Co is Downgraded by Hilliard Lyons to Underperform. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on May 26, 2016.Northwest Natural Gas Co is Initiated by Sidoti to Buy. The Rating was issued 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.