Northwest Natural Holding (NYSE:NWN) Shares Sold by Legal & General Group Plc

Legal & General Group Plc trimmed its stake in Northwest Natural Holding (NYSE:NWN - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 263,261 shares of the utilities provider's stock after selling 5,998 shares during the period. Legal & General Group Plc owned about 0.66% of Northwest Natural worth $10,415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in NWN. Capital Advisors Ltd. LLC boosted its holdings in shares of Northwest Natural by 11,111.1% in the fourth quarter. Capital Advisors Ltd. LLC now owns 1,009 shares of the utilities provider's stock valued at $40,000 after purchasing an additional 1,000 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Northwest Natural during the 3rd quarter valued at $61,000. KBC Group NV lifted its holdings in shares of Northwest Natural by 74.1% in the 4th quarter. KBC Group NV now owns 2,054 shares of the utilities provider's stock worth $81,000 after buying an additional 874 shares during the period. Steward Partners Investment Advisory LLC grew its position in shares of Northwest Natural by 13.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,906 shares of the utilities provider's stock worth $115,000 after buying an additional 345 shares in the last quarter. Finally, Spirit of America Management Corp NY increased its stake in shares of Northwest Natural by 78.9% during the fourth quarter. Spirit of America Management Corp NY now owns 3,400 shares of the utilities provider's stock valued at $135,000 after buying an additional 1,500 shares during the period. 75.13% of the stock is currently owned by institutional investors.

Northwest Natural Stock Up 2.3 %

Shares of NWN stock traded up $1.00 on Tuesday, hitting $44.16. The stock had a trading volume of 531,633 shares, compared to its average volume of 239,365. 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 Holding has a one year low of $34.82 and a one year high of $44.38. The business has a 50 day moving average price of $41.67 and a 200 day moving average price of $40.94. The company has a market cap of $1.78 billion, a PE ratio of 20.83 and a beta of 0.56.

Northwest Natural (NYSE:NWN - Get Free Report) last posted 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). The business had revenue of $370.90 million during the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm posted $1.21 EPS. Research analysts anticipate that Northwest Natural Holding will post 2.33 earnings per share for the current fiscal year.

Northwest Natural Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date of this dividend is Wednesday, April 30th. Northwest Natural's payout ratio is currently 96.55%.

Insider Buying and Selling at Northwest Natural

In other Northwest Natural news, VP David A. Weber sold 2,183 shares of Northwest Natural stock in a transaction on Monday, March 31st. The shares were sold at an average price of $42.46, for a total value of $92,690.18. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David Hugo Anderson sold 7,500 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $40.97, for a total value of $307,275.00. Following the transaction, the chief executive officer now directly owns 130,242 shares in the company, valued at approximately $5,336,014.74. The trade was a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,692 shares of company stock worth $732,293 over the last quarter. Insiders own 0.84% of the company's stock.

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.