Atria Investments Inc Makes New Investment in Northwest Natural Holding (NYSE:NWN)

Atria Investments Inc bought a new stake in shares of Northwest Natural Holding (NYSE:NWN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,830 shares of the utilities provider's stock, valued at approximately $270,000.

Other large investors have also recently made changes to their positions in the company. Capital Advisors Ltd. LLC boosted its stake in shares of Northwest Natural by 11,111.1% during the fourth 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 during the period. LRI Investments LLC lifted its stake in 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 acquiring an additional 914 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Northwest Natural during the 3rd quarter worth about $61,000. Point72 DIFC Ltd purchased a new position in Northwest Natural during the 3rd quarter valued at about $78,000. Finally, KBC Group NV raised its holdings in shares of Northwest Natural by 74.1% in the 4th quarter. KBC Group NV now owns 2,054 shares of the utilities provider's stock valued at $81,000 after purchasing an additional 874 shares in the last quarter. 75.13% of the stock is owned by hedge funds and other institutional investors.

Northwest Natural Stock Down 1.4 %

Shares of NYSE NWN traded down $0.57 during midday trading on Friday, reaching $41.28. 697,759 shares of the company's stock traded hands, compared to its average volume of 224,105. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 19.47 and a beta of 0.59. Northwest Natural Holding has a one year low of $34.82 and a one year high of $44.25. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 1.15. The stock's 50 day simple moving average is $40.80 and its 200-day simple moving average is $40.60.

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Northwest Natural (NYSE:NWN - Get Free Report) last announced 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). The company had revenue of $370.90 million for the quarter, compared to the consensus estimate of $395.05 million. Northwest Natural had a net margin of 6.90% and a return on equity of 5.89%. The firm's revenue was up 4.3% compared to the same quarter last year. During the same period last year, the business posted $1.21 EPS. On average, analysts predict that Northwest Natural Holding will post 2.33 EPS for the current fiscal year.

Northwest Natural Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a $0.49 dividend. The ex-dividend date of this dividend 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%.

Insider Transactions at Northwest Natural

In other news, 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 sale, the chief executive officer now owns 130,242 shares of the company's stock, valued at $5,336,014.74. This trade represents a 5.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 15,509 shares of company stock valued at $638,628 in the last quarter. 0.84% of the stock is currently owned by corporate insiders.

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.