Dana Investment Advisors Inc. Sells 10,114 Shares of Northwest Natural Holding (NYSE:NWN)

Dana Investment Advisors Inc. lowered its holdings in Northwest Natural Holding (NYSE:NWN - Free Report) by 5.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 175,525 shares of the utilities provider's stock after selling 10,114 shares during the period. Dana Investment Advisors Inc. owned approximately 0.44% of Northwest Natural worth $6,944,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of NWN. Creative Planning purchased a new position in shares of Northwest Natural during the 3rd quarter valued at about $211,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Northwest Natural in the 3rd quarter worth approximately $270,000. Janney Montgomery Scott LLC boosted its position in shares of Northwest Natural by 27.0% during the third quarter. Janney Montgomery Scott LLC now owns 75,902 shares of the utilities provider's stock valued at $3,098,000 after purchasing an additional 16,139 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Northwest Natural by 7.3% during the third quarter. Van ECK Associates Corp now owns 10,423 shares of the utilities provider's stock valued at $423,000 after purchasing an additional 709 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in shares of Northwest Natural by 2.3% during the third quarter. Asset Management One Co. Ltd. now owns 13,978 shares of the utilities provider's stock valued at $571,000 after purchasing an additional 309 shares in the last quarter. Hedge funds and other institutional investors own 75.13% of the company's stock.

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Insider Buying and Selling at Northwest Natural

In other Northwest Natural news, CEO David Hugo Anderson sold 7,500 shares of the business's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $41.33, for a total transaction of $309,975.00. Following the completion of the sale, the chief executive officer now owns 137,742 shares of the company's stock, valued at approximately $5,692,876.86. The trade was a 5.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last quarter, insiders sold 23,009 shares of company stock valued at $936,978. Company insiders own 0.84% of the company's stock.

Northwest Natural Stock Up 1.3 %

Shares of NWN stock traded up $0.53 during mid-day trading on Friday, hitting $41.95. The company's stock had a trading volume of 219,304 shares, compared to its average volume of 214,141. Northwest Natural Holding has a 52-week low of $34.82 and a 52-week high of $44.25. The business has a 50-day moving average price of $40.37 and a 200 day moving average price of $40.50. 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 $1.69 billion, a price-to-earnings ratio of 19.79 and a beta of 0.59.

Northwest Natural (NYSE:NWN - Get Free Report) last posted its quarterly earnings data on Friday, February 28th. The utilities provider reported $1.41 EPS for the quarter, missing analysts' consensus estimates of $1.42 by ($0.01). The firm had revenue of $370.90 million for the quarter, compared to analysts' expectations 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 quarter last year, the company posted $1.21 EPS. Research analysts predict that Northwest Natural Holding will post 2.33 EPS for the current fiscal year.

Northwest Natural Announces Dividend

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 dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date of this dividend was Friday, January 31st. Northwest Natural's dividend payout ratio (DPR) is presently 96.55%.

Wall Street Analyst Weigh In

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

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.