Northwest Natural Holding (NYSE:NWN) Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its holdings in shares of Northwest Natural Holding (NYSE:NWN - Free Report) by 27.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 133,108 shares of the utilities provider's stock after acquiring an additional 28,994 shares during the period. Advisors Asset Management Inc. owned 0.33% of Northwest Natural worth $5,266,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp lifted its position in shares of Northwest Natural by 2.9% during the 3rd quarter. State Street Corp now owns 1,817,813 shares of the utilities provider's stock worth $74,203,000 after buying an additional 51,391 shares during the last quarter. Geode Capital Management LLC raised its stake in Northwest Natural by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 884,205 shares of the utilities provider's stock worth $36,101,000 after acquiring an additional 15,289 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Northwest Natural by 8.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 615,126 shares of the utilities provider's stock valued at $24,334,000 after acquiring an additional 46,135 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Northwest Natural by 3.8% in the fourth quarter. Bank of New York Mellon Corp now owns 454,248 shares of the utilities provider's stock valued at $17,970,000 after acquiring an additional 16,497 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Northwest Natural by 47.6% during the third quarter. JPMorgan Chase & Co. now owns 384,324 shares of the utilities provider's stock worth $15,688,000 after purchasing an additional 123,961 shares during the last quarter. Hedge funds and other institutional investors own 75.13% of the company's stock.

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Northwest Natural Stock Performance

Shares of NWN traded up $0.04 during midday trading on Monday, reaching $41.31. 195,692 shares of the stock were exchanged, compared to its average volume of 223,370. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.72 and a quick ratio of 0.53. Northwest Natural Holding has a twelve month low of $34.82 and a twelve month high of $44.25. The business's 50-day moving average price is $40.86 and its 200 day moving average price is $40.62. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 19.49 and a beta of 0.59.

Northwest Natural (NYSE:NWN - Get Free Report) last announced its earnings results on Friday, February 28th. The utilities provider reported $1.41 EPS for the quarter, missing analysts' consensus estimates of $1.42 by ($0.01). The business had revenue of $370.90 million during 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%. The business's revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.21 earnings per share. On average, sell-side analysts expect that Northwest Natural Holding will post 2.33 EPS for the current fiscal year.

Northwest Natural Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a $0.49 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.96 annualized dividend and a dividend yield of 4.74%. Northwest Natural's dividend payout ratio (DPR) is currently 96.55%.

Insider Activity

In other Northwest Natural news, CEO David Hugo Anderson sold 7,500 shares of Northwest Natural stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $41.33, for a total value of $309,975.00. Following the completion of the sale, the chief executive officer now directly owns 137,742 shares of the company's stock, valued at approximately $5,692,876.86. The trade was a 5.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 15,509 shares of company stock valued at $638,628. Company 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.