Natixis Advisors LLC Makes New Investment in Northwest Natural Holding (NYSE:NWN)

Natixis Advisors LLC purchased a new position in Northwest Natural Holding (NYSE:NWN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 10,069 shares of the utilities provider's stock, valued at approximately $398,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in NWN. Capital Advisors Ltd. LLC raised its stake in Northwest Natural by 11,111.1% during the fourth quarter. Capital Advisors Ltd. LLC now owns 1,009 shares of the utilities provider's stock valued at $40,000 after buying an additional 1,000 shares during the last quarter. LRI Investments LLC increased its holdings in shares of Northwest Natural by 692.4% during the third quarter. LRI Investments LLC now owns 1,046 shares of the utilities provider's stock valued at $43,000 after acquiring an additional 914 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Northwest Natural in the 3rd quarter worth about $61,000. Point72 DIFC Ltd bought a new position in Northwest Natural in the 3rd quarter worth about $78,000. Finally, KBC Group NV grew its position in Northwest Natural by 74.1% during the 4th quarter. KBC Group NV now owns 2,054 shares of the utilities provider's stock valued at $81,000 after purchasing an additional 874 shares during the last quarter. Hedge funds and other institutional investors own 75.13% of the company's stock.

Northwest Natural Stock Up 0.1 %

Northwest Natural stock traded up $0.03 during trading hours on Monday, hitting $42.66. The stock had a trading volume of 251,659 shares, compared to its average volume of 234,744. The stock's 50-day moving average price is $41.10 and its 200-day moving average price is $40.72. The stock has a market capitalization of $1.72 billion, a P/E ratio of 20.12 and a beta of 0.59. Northwest Natural Holding has a 12-month low of $34.82 and a 12-month high of $44.25. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 1.15.

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Northwest Natural (NYSE:NWN - Get Free Report) last announced its quarterly earnings data on Friday, February 28th. The utilities provider reported $1.41 earnings per share for the quarter, missing analysts' consensus estimates of $1.42 by ($0.01). Northwest Natural had a return on equity of 5.89% and a net margin of 6.90%. The firm had revenue of $370.90 million during the quarter, compared to analysts' expectations of $395.05 million. During the same quarter in the previous year, the firm earned $1.21 earnings per share. Northwest Natural's revenue was up 4.3% on a year-over-year basis. Equities research analysts anticipate that Northwest Natural Holding will post 2.33 EPS for the current fiscal year.

Northwest Natural Dividend Announcement

The firm 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. The ex-dividend date was Friday, January 31st. This represents a $1.96 annualized dividend and a dividend yield of 4.60%. Northwest Natural's dividend payout ratio (DPR) is presently 96.55%.

Insider Buying and Selling

In related news, CEO David Hugo Anderson sold 7,500 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $40.97, for a total value of $307,275.00. Following the sale, the chief executive officer now owns 130,242 shares in the company, valued at approximately $5,336,014.74. This trade represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders sold 23,009 shares of company stock worth $949,578. 0.84% of the stock is owned by corporate insiders.

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.