16,061 Shares in Northwest Natural Holding (NYSE:NWN) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in shares of Northwest Natural Holding (NYSE:NWN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 16,061 shares of the utilities provider's stock, valued at approximately $635,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NWN. Capital Performance Advisors LLP purchased a new position in Northwest Natural during the third quarter valued at $34,000. Capital Advisors Ltd. LLC raised its stake 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 worth $40,000 after purchasing an additional 1,000 shares during the last quarter. LRI Investments LLC boosted its position 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 buying an additional 914 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Northwest Natural during the third quarter valued at $61,000. Finally, Point72 DIFC Ltd bought a new stake in Northwest Natural in the 3rd quarter worth about $78,000. 75.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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Insider Transactions at Northwest Natural

In other Northwest Natural news, CEO David Hugo Anderson sold 7,500 shares of the firm's stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $41.33, for a total transaction of $309,975.00. Following the sale, the chief executive officer now owns 137,742 shares in the company, valued at approximately $5,692,876.86. This trade represents a 5.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 23,009 shares of company stock worth $936,978 in the last three months. Corporate insiders own 0.84% of the company's stock.

Northwest Natural Stock Performance

Shares of NWN stock traded up $0.13 on Thursday, reaching $41.09. The stock had a trading volume of 142,253 shares, compared to its average volume of 213,299. 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 Holding has a 1 year low of $34.82 and a 1 year high of $44.25. The stock has a market cap of $1.65 billion, a P/E ratio of 19.38 and a beta of 0.59. The company has a 50 day simple moving average of $40.48 and a 200 day simple moving average of $40.54.

Northwest Natural (NYSE:NWN - Get Free Report) last released its quarterly earnings results on Friday, February 28th. The utilities provider reported $1.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.42 by ($0.01). The firm had revenue of $370.90 million for 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 earned $1.21 earnings per share. Equities research analysts expect that Northwest Natural Holding will post 2.33 EPS for the current year.

Northwest Natural Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date of this dividend was Friday, January 31st. Northwest Natural's payout ratio is 96.55%.

Northwest Natural 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.