True Private Wealth Advisors buys $1,456,442 stake in Northwest Natural Gas Co (NWN)

Northwest Natural Gas Co (NWN) : True Private Wealth Advisors scooped up 299 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 Aug 1, 2016. The investment management firm now holds a total of 22,577 shares of Northwest Natural Gas Co which is valued at $1,456,442.Northwest Natural Gas Co makes up approximately 0.48% of True Private Wealth Advisors’s portfolio.

Other Hedge Funds, Including , Louisiana State Employees Retirement System boosted its stake in NWN in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 12,200 shares of Northwest Natural Gas Co which is valued at $786,656. Northwest Natural Gas Co makes up approx 0.04% of Louisiana State Employees Retirement System’s portfolio.New York State Teachers Retirement System boosted its stake in NWN in the latest quarter, The investment management firm added 2,600 additional shares and now holds a total of 79,911 shares of Northwest Natural Gas Co which is valued at $5,233,371. Northwest Natural Gas Co makes up approx 0.01% of New York State Teachers Retirement System’s portfolio.

Northwest Natural Gas Co closed down -0.19 points or -0.29% at $64.32 with 1,28,833 shares getting traded on Thursday. Post opening the session at $64.28, the shares hit an intraday low of $64.11 and an intraday high of $65.22 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Northwest Natural Gas Co reported $0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.06. The company had revenue of $99.20 million for the quarter, compared to analysts expectations of $99.93 million. The company’s revenue was down -28.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.08 EPS.

Many Wall Street Analysts have commented on Northwest Natural Gas Co. Northwest Natural Gas Co was Downgraded by Hilliard Lyons to ” Underperform” on May 26, 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.

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