Northwest Natural Holding (NYSE:NWN) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its holdings in shares of Northwest Natural Holding (NYSE:NWN - Free Report) by 47.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 384,324 shares of the utilities provider's stock after buying an additional 123,961 shares during the quarter. JPMorgan Chase & Co. owned 0.96% of Northwest Natural worth $15,688,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Thompson Siegel & Walmsley LLC purchased a new position in shares of Northwest Natural during the third quarter worth $12,250,000. Glenmede Trust Co. NA acquired a new stake in Northwest Natural during the 3rd quarter worth about $7,390,000. Foundry Partners LLC purchased a new position in shares of Northwest Natural during the 3rd quarter valued at about $5,068,000. Renaissance Technologies LLC lifted its holdings in shares of Northwest Natural by 406.0% in the 2nd quarter. Renaissance Technologies LLC now owns 144,198 shares of the utilities provider's stock valued at $5,207,000 after buying an additional 115,698 shares during the period. Finally, Brandes Investment Partners LP boosted its stake in shares of Northwest Natural by 1,040.1% in the second quarter. Brandes Investment Partners LP now owns 68,977 shares of the utilities provider's stock worth $2,467,000 after buying an additional 62,927 shares during the last quarter. 75.13% of the stock is currently owned by institutional investors and hedge funds.

Northwest Natural Stock Performance

NWN traded down $0.86 on Friday, reaching $38.31. The stock had a trading volume of 172,777 shares, compared to its average volume of 166,930. Northwest Natural Holding has a 12-month low of $34.82 and a 12-month high of $44.25. The company has a current ratio of 0.72, a quick ratio of 0.53 and a debt-to-equity ratio of 1.15. The business's 50-day moving average price is $40.98 and its two-hundred day moving average price is $39.78. The company has a market cap of $1.54 billion, a P/E ratio of 18.07 and a beta of 0.62.

Northwest Natural (NYSE:NWN - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The utilities provider reported ($0.71) earnings per share for the quarter, beating the consensus estimate of ($0.79) by $0.08. Northwest Natural had a return on equity of 5.89% and a net margin of 6.90%. The firm had revenue of $136.90 million during the quarter, compared to analyst estimates of $132.47 million. During the same quarter in the previous year, the business earned ($0.65) EPS. Northwest Natural's revenue for the quarter was down 3.3% compared to the same quarter last year. Sell-side analysts forecast that Northwest Natural Holding will post 2.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other Northwest Natural news, CEO David Hugo Anderson sold 7,500 shares of the business's stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $39.78, for a total transaction of $298,350.00. Following the completion of the sale, the chief executive officer now directly owns 144,298 shares in the company, valued at approximately $5,740,174.44. The trade was a 4.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.84% of the company's stock.

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.