Deutsche Bank AG Has $4.36 Million Holdings in Northwest Natural Holding (NYSE:NWN)

Deutsche Bank AG grew its stake in Northwest Natural Holding (NYSE:NWN - Free Report) by 80.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 110,152 shares of the utilities provider's stock after acquiring an additional 49,140 shares during the quarter. Deutsche Bank AG owned 0.27% of Northwest Natural worth $4,358,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of NWN. Norges Bank bought a new stake in shares of Northwest Natural in the 4th quarter valued at about $4,392,000. Barclays PLC increased its stake in shares of Northwest Natural by 351.9% in the 3rd quarter. Barclays PLC now owns 63,703 shares of the utilities provider's stock valued at $2,601,000 after acquiring an additional 49,606 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its stake in shares of Northwest Natural by 16.1% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 348,400 shares of the utilities provider's stock valued at $13,783,000 after acquiring an additional 48,301 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Northwest Natural by 8.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 615,126 shares of the utilities provider's stock valued at $24,334,000 after acquiring an additional 46,135 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Northwest Natural during the 4th quarter worth approximately $1,161,000. 75.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Wells Fargo & Company increased their target price on Northwest Natural from $45.00 to $47.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 7th.

Insider Buying and Selling

In other news, Director David Hugo Anderson sold 7,591 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $40.99, for a total transaction of $311,155.09. Following the completion of the transaction, the director now directly owns 102,291 shares of the company's stock, valued at $4,192,908.09. This trade represents a 6.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David A. Weber sold 2,183 shares of the firm's stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $42.46, for a total transaction of $92,690.18. Following the transaction, the vice president now directly owns 255 shares of the company's stock, valued at $10,827.30. This represents a 89.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 25,283 shares of company stock valued at $1,058,673. 0.84% of the stock is owned by corporate insiders.

Northwest Natural Stock Up 0.9%

NYSE NWN traded up $0.34 during trading hours on Friday, reaching $40.79. 168,170 shares of the company's stock were exchanged, compared to its average volume of 248,565. The company's 50-day moving average is $42.09 and its two-hundred day moving average is $41.34. Northwest Natural Holding has a one year low of $34.82 and a one year high of $44.38. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.53 and a current ratio of 0.72. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 19.24 and a beta of 0.56.

Northwest Natural (NYSE:NWN - Get Free Report) last posted its earnings results on Tuesday, May 6th. The utilities provider reported $2.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.09 by $0.19. Northwest Natural had a return on equity of 5.89% and a net margin of 6.90%. The business had revenue of $494.28 million during the quarter, compared to analysts' expectations of $464.65 million. During the same period in the prior year, the business earned $1.69 EPS. Northwest Natural's revenue for the quarter was up 14.0% compared to the same quarter last year. On average, analysts forecast that Northwest Natural Holding will post 2.33 EPS for the current fiscal year.

Northwest Natural Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were paid a dividend of $0.49 per share. The ex-dividend date was Wednesday, April 30th. This represents a $1.96 dividend on an annualized basis and a yield of 4.80%. Northwest Natural's payout ratio is 77.78%.

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.