Brandywine Global Investment Management LLC Has $5.39 Million Stock Position in Northwest Natural Holding (NYSE:NWN)

Brandywine Global Investment Management LLC lowered its stake in Northwest Natural Holding (NYSE:NWN - Free Report) by 49.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 136,221 shares of the utilities provider's stock after selling 135,306 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.34% of Northwest Natural worth $5,389,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of NWN. JPMorgan Chase & Co. increased its position in shares of Northwest Natural by 47.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 384,324 shares of the utilities provider's stock worth $15,688,000 after purchasing an additional 123,961 shares during the last quarter. Norges Bank acquired a new stake in Northwest Natural in the 4th quarter valued at about $4,392,000. State Street Corp grew its holdings in Northwest Natural by 2.9% during the third quarter. State Street Corp now owns 1,817,813 shares of the utilities provider's stock worth $74,203,000 after purchasing an additional 51,391 shares during the period. Barclays PLC grew its holdings in Northwest Natural by 351.9% during the third quarter. Barclays PLC now owns 63,703 shares of the utilities provider's stock worth $2,601,000 after purchasing an additional 49,606 shares during the period. Finally, Thompson Siegel & Walmsley LLC raised its stake in Northwest Natural by 16.1% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 348,400 shares of the utilities provider's stock valued at $13,783,000 after buying an additional 48,301 shares during the period. Institutional investors own 75.13% of the company's stock.

Insider Transactions at Northwest Natural

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

Northwest Natural Stock Performance

Shares of NWN traded down $2.28 during mid-day trading on Friday, reaching $41.08. The company's stock had a trading volume of 413,387 shares, compared to its average volume of 235,756. The company has a current ratio of 0.72, a quick ratio of 0.53 and a debt-to-equity ratio of 1.15. Northwest Natural Holding has a 1-year low of $34.82 and a 1-year high of $44.25. The business has a 50-day simple moving average of $41.30 and a two-hundred day simple moving average of $40.78. The stock has a market cap of $1.65 billion, a P/E ratio of 19.38 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.01). The business had revenue of $370.90 million for the quarter, compared to analyst estimates of $395.05 million. Northwest Natural had a net margin of 6.90% and a return on equity of 5.89%. The company's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.21 EPS. As a group, equities research analysts anticipate that Northwest Natural Holding will post 2.33 earnings per share for the current fiscal year.

Northwest Natural Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.96 annualized dividend and a yield of 4.77%. Northwest Natural's dividend payout ratio (DPR) is presently 96.55%.

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.