KLP Kapitalforvaltning AS Takes $605,000 Position in Northwest Natural Holding (NYSE:NWN)

KLP Kapitalforvaltning AS bought a new stake in Northwest Natural Holding (NYSE:NWN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,300 shares of the utilities provider's stock, valued at approximately $605,000.

Other hedge funds also recently bought and sold shares of the company. Capital Advisors Ltd. LLC raised its holdings in shares of Northwest Natural by 11,111.1% during the 4th quarter. Capital Advisors Ltd. LLC now owns 1,009 shares of the utilities provider's stock valued at $40,000 after purchasing an additional 1,000 shares in the last quarter. LRI Investments LLC increased its position in Northwest Natural by 692.4% during the third quarter. LRI Investments LLC now owns 1,046 shares of the utilities provider's stock worth $43,000 after buying an additional 914 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Northwest Natural during the third quarter valued at about $61,000. Point72 DIFC Ltd acquired a new stake in shares of Northwest Natural in the third quarter worth about $78,000. Finally, KBC Group NV boosted its stake in shares of Northwest Natural by 74.1% during the 4th quarter. KBC Group NV now owns 2,054 shares of the utilities provider's stock worth $81,000 after acquiring an additional 874 shares in the last quarter. 75.13% of the stock is owned by institutional investors and hedge funds.

Northwest Natural Stock Down 2.9 %

Shares of NYSE NWN traded down $1.21 during mid-day trading on Monday, reaching $40.01. 480,265 shares of the company traded hands, compared to its average volume of 236,730. The company's fifty day moving average is $41.28 and its two-hundred day moving average is $40.78. Northwest Natural Holding has a fifty-two week low of $34.82 and a fifty-two week high of $44.25. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.53 and a current ratio of 0.72. The stock has a market cap of $1.61 billion, a PE ratio of 18.87 and a beta of 0.56.

Northwest Natural (NYSE:NWN - Get Free Report) last announced its quarterly earnings results on Friday, February 28th. The utilities provider reported $1.41 EPS for the quarter, missing the consensus estimate of $1.42 by ($0.01). Northwest Natural had a net margin of 6.90% and a return on equity of 5.89%. The company had revenue of $370.90 million for the quarter, compared to analyst estimates of $395.05 million. During the same quarter last year, the business earned $1.21 EPS. The company's revenue for the quarter was up 4.3% on a year-over-year basis. On average, analysts expect that Northwest Natural Holding will post 2.33 earnings per share for the current year.

Northwest Natural Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date of this dividend was Friday, January 31st. Northwest Natural's dividend payout ratio is 96.55%.

Insider Buying and Selling at Northwest Natural

In other news, VP David A. Weber sold 2,183 shares of Northwest Natural stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $42.46, for a total transaction of $92,690.18. Following the sale, the vice president now owns 255 shares of the company's stock, valued at approximately $10,827.30. This trade represents a 89.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David Hugo Anderson sold 7,500 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $40.97, for a total value of $307,275.00. Following the completion of the transaction, the chief executive officer now directly owns 130,242 shares of the company's stock, valued at approximately $5,336,014.74. This trade represents a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,192 shares of company stock worth $1,042,268 over the last ninety days. Company insiders own 0.84% of the company's stock.

Northwest Natural 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.