Dynamic Technology Lab Private Ltd Acquires New Stake in Northwest Natural Holding (NYSE:NWN)

Dynamic Technology Lab Private Ltd bought a new stake in shares of Northwest Natural Holding (NYSE:NWN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 15,402 shares of the utilities provider's stock, valued at approximately $609,000.

Several other institutional investors also recently bought and sold shares of NWN. JPMorgan Chase & Co. grew its holdings in shares of Northwest Natural by 47.6% in the third quarter. JPMorgan Chase & Co. now owns 384,324 shares of the utilities provider's stock valued at $15,688,000 after purchasing an additional 123,961 shares in the last quarter. Norges Bank acquired a new position in Northwest Natural during the 4th quarter worth approximately $4,392,000. State Street Corp increased its position in shares of Northwest Natural by 2.9% in the 3rd quarter. State Street Corp now owns 1,817,813 shares of the utilities provider's stock valued at $74,203,000 after purchasing an additional 51,391 shares during the last quarter. Barclays PLC lifted its position in shares of Northwest Natural by 351.9% during the 3rd quarter. Barclays PLC now owns 63,703 shares of the utilities provider's stock worth $2,601,000 after purchasing an additional 49,606 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its stake in shares of Northwest Natural by 16.1% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 348,400 shares of the utilities provider's stock worth $13,783,000 after purchasing an additional 48,301 shares in the last quarter. 75.13% of the stock is owned by institutional investors and hedge funds.

Northwest Natural Stock Up 1.3 %

Northwest Natural stock traded up $0.51 during midday trading on Friday, reaching $41.25. The company's stock had a trading volume of 202,376 shares, compared to its average volume of 237,636. The business has a 50-day simple moving average of $41.34 and a 200-day simple moving average of $40.80. The company has a market cap of $1.66 billion, a P/E ratio of 19.46 and a beta of 0.56. Northwest Natural Holding has a fifty-two week low of $34.82 and a fifty-two week high of $44.25. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 1.15.

Northwest Natural (NYSE:NWN - Get Free Report) last announced 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). Northwest Natural had a net margin of 6.90% and a return on equity of 5.89%. The business had revenue of $370.90 million during the quarter, compared to analyst estimates of $395.05 million. During the same period last year, the company earned $1.21 earnings per share. The business's revenue for the quarter was up 4.3% compared to the same quarter last year. On average, research analysts expect that Northwest Natural Holding will post 2.33 earnings per share for the current fiscal year.

Northwest Natural Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date is Wednesday, April 30th. Northwest Natural's dividend payout ratio (DPR) is currently 96.55%.

Insider Activity

In related news, VP David A. Weber sold 2,183 shares of the company's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $42.46, for a total value of $92,690.18. Following the completion of the sale, the vice president now owns 255 shares in the company, valued at $10,827.30. This represents a 89.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David Hugo Anderson sold 7,500 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $40.97, for a total transaction of $307,275.00. Following the transaction, the chief executive officer now directly owns 130,242 shares in the company, valued at $5,336,014.74. The trade was a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 25,192 shares of company stock valued at $1,042,268. Insiders own 0.84% of the company's stock.

Northwest Natural Company 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.