Segall Bryant & Hamill LLC bought a new stake in Northwest Natural Holding (NYSE:NWN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 26,046 shares of the utilities provider's stock, valued at approximately $1,030,000. Segall Bryant & Hamill LLC owned about 0.06% of Northwest Natural as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Northwest Natural by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 4,713,729 shares of the utilities provider's stock valued at $186,475,000 after purchasing an additional 28,078 shares in the last quarter. State Street Corp grew its stake in shares of Northwest Natural by 2.9% in the third quarter. State Street Corp now owns 1,817,813 shares of the utilities provider's stock valued at $74,203,000 after buying an additional 51,391 shares in the last quarter. Geode Capital Management LLC increased its holdings in Northwest Natural by 1.8% during the third quarter. Geode Capital Management LLC now owns 884,205 shares of the utilities provider's stock worth $36,101,000 after buying an additional 15,289 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Northwest Natural by 8.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 615,126 shares of the utilities provider's stock worth $24,334,000 after acquiring an additional 46,135 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted 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 during the last quarter. Institutional investors own 75.13% of the company's stock.
Northwest Natural Stock Performance
Shares of Northwest Natural stock traded down $0.01 during trading on Tuesday, hitting $42.71. 114,139 shares of the stock were exchanged, compared to its average volume of 234,296. Northwest Natural Holding has a 1-year low of $34.82 and a 1-year high of $44.25. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 20.15 and a beta of 0.59. The company has a fifty day moving average price of $41.10 and a 200-day moving average price of $40.72. The company has a current ratio of 0.72, a quick ratio of 0.53 and a debt-to-equity ratio of 1.15.
Northwest Natural (NYSE:NWN - Get Free Report) last posted its 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 firm 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%. Northwest Natural's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.21 EPS. As a group, equities analysts predict that Northwest Natural Holding will post 2.33 EPS for the current fiscal year.
Northwest Natural Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.96 dividend on an annualized basis and a yield of 4.59%. Northwest Natural's dividend payout ratio (DPR) is presently 96.55%.
Insider Buying and Selling 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 Thursday, February 20th. The shares were sold at an average price of $40.97, for a total value of $307,275.00. Following the completion of 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 23,009 shares of company stock valued at $949,578 in the last three months. Corporate insiders own 0.84% of the company's stock.
About Northwest Natural
(
Free Report)
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.
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