Thompson Siegel & Walmsley LLC raised its stake in shares of Northwest Natural Holding (NYSE:NWN - Free Report) by 16.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 348,400 shares of the utilities provider's stock after acquiring an additional 48,301 shares during the quarter. Thompson Siegel & Walmsley LLC owned approximately 0.87% of Northwest Natural worth $13,783,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Glenmede Trust Co. NA bought a new stake in Northwest Natural during the 3rd quarter worth approximately $7,390,000. Foundry Partners LLC bought a new stake in shares of Northwest Natural during the third quarter worth $5,068,000. 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. Advisors Asset Management Inc. increased its stake in shares of Northwest Natural by 143.4% in the third quarter. Advisors Asset Management Inc. now owns 104,114 shares of the utilities provider's stock valued at $4,250,000 after buying an additional 61,345 shares in the last quarter. Finally, State Street Corp raised its holdings 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 during the last quarter. Institutional investors and hedge funds own 75.13% of the company's stock.
Insider Activity
In other Northwest Natural news, CEO David Hugo Anderson sold 7,500 shares of the business's stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $39.78, for a total transaction of $298,350.00. Following the completion of the sale, the chief executive officer now directly owns 144,298 shares of the company's stock, valued at approximately $5,740,174.44. The trade was a 4.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 23,009 shares of company stock valued at $936,978 over the last 90 days. 0.84% of the stock is owned by company insiders.
Northwest Natural Price Performance
NYSE:NWN traded up $0.02 during mid-day trading on Tuesday, reaching $41.93. 170,777 shares of the company were exchanged, compared to its average volume of 223,158. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 1.15. The stock has a market cap of $1.69 billion, a PE ratio of 19.78 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 fifty day moving average of $40.62 and a 200 day moving average of $40.57.
Northwest Natural (NYSE:NWN - Get Free Report) last released its quarterly 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). Northwest Natural had a net margin of 6.90% and a return on equity of 5.89%. The company had revenue of $370.90 million for the quarter, compared to the consensus estimate of $395.05 million. During the same period last year, the company earned $1.21 earnings per share. Northwest Natural's revenue for the quarter was up 4.3% compared to the same quarter last year. On average, research analysts anticipate that Northwest Natural Holding will post 2.33 EPS for the current fiscal year.
Northwest Natural Dividend Announcement
The company also recently announced 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. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.67%. Northwest Natural's payout ratio is currently 96.55%.
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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