Nordea Investment Management AB Has $4.96 Million Holdings in Northwest Natural Holding (NYSE:NWN)

Nordea Investment Management AB raised its stake in shares of Northwest Natural Holding (NYSE:NWN - Free Report) by 26.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 125,032 shares of the utilities provider's stock after purchasing an additional 26,152 shares during the quarter. Nordea Investment Management AB owned 0.31% of Northwest Natural worth $4,959,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. JPMorgan Chase & Co. increased its stake in Northwest Natural by 47.6% during the third quarter. JPMorgan Chase & Co. now owns 384,324 shares of the utilities provider's stock valued at $15,688,000 after acquiring an additional 123,961 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Northwest Natural during the 3rd quarter worth approximately $61,000. Sanctuary Advisors LLC acquired a new stake in shares of Northwest Natural during the 3rd quarter worth approximately $270,000. Geode Capital Management LLC increased its position in shares of Northwest Natural by 1.8% during the third quarter. Geode Capital Management LLC now owns 884,205 shares of the utilities provider's stock valued at $36,101,000 after purchasing an additional 15,289 shares during the period. Finally, Guardian Wealth Management Inc. raised its stake in shares of Northwest Natural by 3.2% in the third 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 in the last quarter. Institutional investors and hedge funds own 75.13% of the company's stock.

Northwest Natural Price Performance

NYSE NWN traded down $0.86 during trading on Friday, reaching $38.31. 172,777 shares of the company traded hands, compared to its average volume of 166,930. Northwest Natural Holding has a 1-year low of $34.82 and a 1-year high of $44.25. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 18.07 and a beta of 0.62. The stock's 50 day moving average price is $40.98 and its two-hundred day moving average price is $39.78. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.53 and a current ratio of 0.72.

Northwest Natural (NYSE:NWN - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The utilities provider reported ($0.71) EPS 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 business had revenue of $136.90 million for the quarter, compared to analyst estimates of $132.47 million. During the same quarter in the previous year, the firm earned ($0.65) EPS. Northwest Natural's quarterly revenue was down 3.3% on a year-over-year basis. As a group, analysts anticipate that Northwest Natural Holding will post 2.33 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus decreased their price target on shares of Northwest Natural from $45.00 to $44.00 and set a "buy" rating on the stock in a research note on Thursday, November 14th.

Insider Transactions at Northwest Natural

In other 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 value of $298,350.00. Following the transaction, the chief executive officer now directly owns 144,298 shares of the company's stock, valued at $5,740,174.44. The trade was a 4.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.84% of the stock is owned by 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.