Victory Capital Management Inc. cut its holdings in Northwest Natural Holding (NYSE:NWN - Free Report) by 13.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 138,091 shares of the utilities provider's stock after selling 20,983 shares during the quarter. Victory Capital Management Inc. owned approximately 0.34% of Northwest Natural worth $5,463,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Capital Advisors Ltd. LLC boosted its stake in 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 valued at $40,000 after buying an additional 1,000 shares in the last quarter. LRI Investments LLC boosted its stake in Northwest Natural by 692.4% in 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 in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Northwest Natural in the third quarter valued at about $61,000. Point72 DIFC Ltd bought a new position in Northwest Natural in the third quarter valued at about $78,000. Finally, KBC Group NV raised its position in Northwest Natural by 74.1% in the fourth quarter. KBC Group NV now owns 2,054 shares of the utilities provider's stock valued at $81,000 after purchasing an additional 874 shares during the last quarter. 75.13% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Northwest Natural
In other news, CEO David Hugo Anderson sold 7,500 shares of the firm's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $41.33, for a total transaction of $309,975.00. Following the completion of the transaction, the chief executive officer now directly owns 137,742 shares in the company, valued at $5,692,876.86. This trade represents a 5.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 23,009 shares of company stock worth $936,978 over the last ninety days. 0.84% of the stock is owned by insiders.
Northwest Natural Trading Up 0.5 %
Northwest Natural stock traded up $0.20 during trading hours on Wednesday, hitting $42.16. The stock had a trading volume of 75,887 shares, compared to its average volume of 222,207. 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 $1.70 billion, a price-to-earnings ratio of 19.83 and a beta of 0.59. Northwest Natural Holding has a one year low of $34.82 and a one year high of $44.25. The business's 50 day simple moving average is $40.69 and its 200-day simple moving average is $40.58.
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 the consensus estimate 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 quarter in the prior year, the business posted $1.21 earnings per share. On average, 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. 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 4.65%. Northwest Natural's dividend payout ratio (DPR) is 96.55%.
Northwest Natural Profile
(
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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