Northwest Natural Holding (NYSE:NWN) Shares Sold by Invesco Ltd.

Invesco Ltd. reduced its position in shares of Northwest Natural Holding (NYSE:NWN - Free Report) by 4.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 899,715 shares of the utilities provider's stock after selling 45,490 shares during the period. Invesco Ltd. owned approximately 2.24% of Northwest Natural worth $35,593,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of Northwest Natural by 47.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 384,324 shares of the utilities provider's stock valued at $15,688,000 after buying an additional 123,961 shares during the period. Norges Bank purchased a new position in Northwest Natural in the fourth quarter worth $4,392,000. State Street Corp lifted its holdings in Northwest Natural by 2.9% in the third quarter. State Street Corp now owns 1,817,813 shares of the utilities provider's stock valued at $74,203,000 after acquiring an additional 51,391 shares during the period. Barclays PLC boosted its position in shares of Northwest Natural by 351.9% during the 3rd 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 in the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its stake in shares of Northwest Natural by 16.1% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 348,400 shares of the utilities provider's stock worth $13,783,000 after purchasing an additional 48,301 shares during the period. Institutional investors and hedge funds own 75.13% of the company's stock.

Insider Transactions at Northwest Natural

In other news, CEO David Hugo Anderson sold 7,500 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $41.46, for a total transaction of $310,950.00. Following the completion of the transaction, the chief executive officer now directly owns 117,382 shares of the company's stock, valued at $4,866,657.72. This trade represents a 6.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP David A. Weber sold 2,183 shares of Northwest Natural stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $42.46, for a total value of $92,690.18. Following the transaction, the vice president now owns 255 shares of the company's stock, valued at $10,827.30. This represents a 89.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,692 shares of company stock valued at $732,293 in the last 90 days. 0.84% of the stock is currently owned by insiders.

Northwest Natural Price Performance

Shares of NYSE NWN traded up $1.00 during midday trading on Tuesday, hitting $44.16. The company had a trading volume of 531,633 shares, compared to its average volume of 239,365. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 20.83 and a beta of 0.56. Northwest Natural Holding has a twelve month low of $34.82 and a twelve month high of $44.38. The business has a 50-day simple moving average of $41.67 and a two-hundred day simple moving average of $40.94. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 1.15.

Northwest Natural (NYSE:NWN - Get Free Report) last posted its quarterly earnings results on Friday, February 28th. The utilities provider reported $1.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.42 by ($0.01). The company 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%. Northwest Natural's revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.21 earnings per share. Equities research analysts anticipate that Northwest Natural Holding will post 2.33 earnings per share for the current year.

Northwest Natural Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date is Wednesday, April 30th. Northwest Natural's dividend payout ratio is currently 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.