8,830 Shares in Northwest Natural Holding (NYSE:NWN) Acquired by Inceptionr LLC

Inceptionr LLC purchased a new stake in Northwest Natural Holding (NYSE:NWN - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,830 shares of the utilities provider's stock, valued at approximately $349,000.

A number of other institutional investors also recently bought and sold shares of the business. Mutual of America Capital Management LLC boosted its holdings in shares of Northwest Natural by 4.5% in the 4th quarter. Mutual of America Capital Management LLC now owns 6,079 shares of the utilities provider's stock valued at $240,000 after buying an additional 263 shares in the last quarter. Arizona State Retirement System boosted its stake in Northwest Natural by 2.5% in the fourth quarter. Arizona State Retirement System now owns 11,223 shares of the utilities provider's stock valued at $444,000 after acquiring an additional 273 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings 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 worth $571,000 after purchasing an additional 309 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Northwest Natural by 13.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,906 shares of the utilities provider's stock worth $115,000 after purchasing an additional 345 shares in the last quarter. Finally, Guardian Wealth Management Inc. lifted its holdings in shares of Northwest Natural by 3.2% in the 3rd quarter. Guardian Wealth Management Inc. now owns 12,401 shares of the utilities provider's stock valued at $506,000 after purchasing an additional 389 shares during the last quarter. 75.13% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Northwest Natural Stock Performance

Shares of NWN traded up $0.13 during mid-day trading on Thursday, hitting $41.09. 226,200 shares of the company's stock were exchanged, compared to its average volume of 213,834. 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 fifty-two week low of $34.82 and a fifty-two week high of $44.25. The business's 50 day moving average is $40.48 and its two-hundred day moving average is $40.54. The firm has a market capitalization of $1.65 billion, a P/E ratio of 19.38 and a beta of 0.59.

Northwest Natural (NYSE:NWN - Get Free Report) last released its quarterly earnings results on Friday, February 28th. The utilities provider reported $1.41 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 company had revenue of $370.90 million for the quarter, compared to analysts' expectations of $395.05 million. During the same quarter last year, the company earned $1.21 EPS. Northwest Natural's revenue for the quarter was up 4.3% compared to the same quarter last year. On average, equities analysts expect that Northwest Natural Holding will post 2.33 earnings per share for the current year.

Northwest Natural Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a dividend of $0.49 per share. 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 4.77%. Northwest Natural's dividend payout ratio (DPR) is presently 96.55%.

Analyst Ratings Changes

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

Insider Activity at Northwest Natural

In other Northwest Natural news, CEO David Hugo Anderson sold 7,500 shares of the firm's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $41.33, for a total transaction of $309,975.00. Following the completion of the transaction, the chief executive officer now directly owns 137,742 shares in the company, valued at approximately $5,692,876.86. This trade represents a 5.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 23,009 shares of company stock worth $936,978 over the last 90 days. Company insiders own 0.84% of the company's stock.

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.