Northwest Natural (NWN) to Release Quarterly Earnings on Tuesday

Northwest Natural (NYSE:NWN) will release its earnings data before the market opens on Tuesday, November 12th. Analysts expect Northwest Natural to post earnings of ($0.79) per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Northwest Natural Stock Up 1.3 %

Shares of NWN stock opened at $40.88 on Friday. The company’s fifty day simple moving average is $39.90 and its two-hundred day simple moving average is $38.53. Northwest Natural has a 52 week low of $34.82 and a 52 week high of $41.34. The company has a quick ratio of 0.73, a current ratio of 0.97 and a debt-to-equity ratio of 1.17. The stock has a market cap of $1.58 billion, a P/E ratio of 18.75 and a beta of 0.58.

Northwest Natural Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a $0.49 dividend. The ex-dividend date is Thursday, October 31st. This is an increase from Northwest Natural’s previous quarterly dividend of $0.49. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.79%. Northwest Natural’s payout ratio is 89.91%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NWN. StockNews.com upgraded shares of Northwest Natural from a “sell” rating to a “hold” rating in a report on Monday, August 5th. Janney Montgomery Scott upgraded shares of Northwest Natural from a “neutral” rating to a “buy” rating and upped their target price for the stock from $36.00 to $43.00 in a research note on Monday, August 5th.

Northwest Natural Company Profile

Northwest Natural Holding Company, through its subsidiary, Northwest Natural Gas Company, provides regulated natural gas distribution services to residential, commercial, and industrial customers in the United States. The company operates a mist gas storage facility contracted to other utilities, third-party marketers, and electric generators; offers natural gas asset management services; and operates an appliance retail center.