Allworth Financial LP Purchases 6,420 Shares of Northwest Natural Holding (NYSE:NWN)

Allworth Financial LP increased its position in Northwest Natural Holding (NYSE:NWN - Free Report) by 3,414.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,608 shares of the utilities provider's stock after buying an additional 6,420 shares during the period. Allworth Financial LP's holdings in Northwest Natural were worth $263,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NWN. Rhumbline Advisers raised its stake in Northwest Natural by 2.1% during the fourth quarter. Rhumbline Advisers now owns 128,968 shares of the utilities provider's stock valued at $5,102,000 after purchasing an additional 2,602 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Northwest Natural by 11.1% in the 4th quarter. Van ECK Associates Corp now owns 11,581 shares of the utilities provider's stock worth $458,000 after buying an additional 1,158 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Northwest Natural by 3.7% during the 4th quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the utilities provider's stock valued at $767,000 after buying an additional 700 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Northwest Natural by 3.4% in the 4th quarter. State of Alaska Department of Revenue now owns 22,808 shares of the utilities provider's stock valued at $902,000 after acquiring an additional 741 shares during the last quarter. Finally, Choreo LLC grew its position in Northwest Natural by 91.7% in the fourth quarter. Choreo LLC now owns 10,308 shares of the utilities provider's stock worth $406,000 after acquiring an additional 4,931 shares in the last quarter. 75.13% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Stifel Nicolaus decreased their price objective on Northwest Natural from $45.00 to $44.00 and set a "buy" rating on the stock in a research report on Thursday, November 14th.

Insiders Place Their Bets

In other Northwest Natural news, CEO David Hugo Anderson sold 7,500 shares of the company's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $41.33, for a total value of $309,975.00. Following the transaction, the chief executive officer now owns 137,742 shares of the company's stock, valued at $5,692,876.86. This represents a 5.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold a total of 22,500 shares of company stock valued at $915,600 over the last 90 days. Insiders own 0.84% of the company's stock.

Northwest Natural Trading Up 0.7 %

NWN traded up $0.27 during trading on Tuesday, reaching $41.78. The company had a trading volume of 199,421 shares, compared to its average volume of 193,273. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 1.15. Northwest Natural Holding has a 52 week low of $34.82 and a 52 week high of $44.25. The stock has a market cap of $1.68 billion, a P/E ratio of 19.71 and a beta of 0.62. The business has a 50 day simple moving average of $40.02 and a 200-day simple moving average of $40.31.

Northwest Natural Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date was Friday, January 31st. Northwest Natural's dividend payout ratio (DPR) is currently 92.45%.

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.