Amundi Boosts Stock Position in Northwest Natural Holding (NYSE:NWN)

Amundi grew its stake in shares of Northwest Natural Holding (NYSE:NWN - Free Report) by 189.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,703 shares of the utilities provider's stock after acquiring an additional 12,895 shares during the quarter. Amundi's holdings in Northwest Natural were worth $772,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In related news, CEO David Hugo Anderson sold 7,500 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $40.97, for a total transaction of $307,275.00. Following the sale, the chief executive officer now directly owns 130,242 shares of the company's stock, valued at approximately $5,336,014.74. This represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 15,509 shares of company stock valued at $638,628 over the last ninety days. Company insiders own 0.84% of the company's stock.

Remove Ads

Northwest Natural Stock Performance

NWN traded down $0.57 during trading on Friday, reaching $41.28. 712,959 shares of the company's stock were exchanged, compared to its average volume of 223,481. The company's fifty day simple moving average is $40.86 and its 200-day simple moving average is $40.61. The stock has a market capitalization of $1.66 billion, a P/E ratio of 19.47 and a beta of 0.59. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.72 and a quick ratio of 0.53. Northwest Natural Holding has a 1 year low of $34.82 and a 1 year high of $44.25.

Northwest Natural (NYSE:NWN - Get Free Report) last issued its earnings results on Friday, February 28th. The utilities provider reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.01). Northwest Natural had a return on equity of 5.89% and a net margin of 6.90%. The business had revenue of $370.90 million for the quarter, compared to analysts' expectations of $395.05 million. During the same period 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. As a group, research analysts predict that Northwest Natural Holding will post 2.33 earnings per share for the current fiscal year.

Northwest Natural Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a $0.49 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.75%. Northwest Natural's payout ratio is 96.55%.

About Northwest Natural

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.