Northwest Natural Holding (NYSE:NWN) Shares Sold by Millennium Management LLC

Millennium Management LLC lessened its stake in Northwest Natural Holding (NYSE:NWN - Free Report) by 82.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,962 shares of the utilities provider's stock after selling 33,020 shares during the period. Millennium Management LLC's holdings in Northwest Natural were worth $275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in NWN. Capital Advisors Ltd. LLC boosted its stake in Northwest Natural by 11,111.1% in the 4th quarter. Capital Advisors Ltd. LLC now owns 1,009 shares of the utilities provider's stock worth $40,000 after purchasing an additional 1,000 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Northwest Natural by 32.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,830 shares of the utilities provider's stock valued at $112,000 after buying an additional 694 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Northwest Natural by 13.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,906 shares of the utilities provider's stock worth $115,000 after buying an additional 345 shares during the period. SBI Securities Co. Ltd. purchased a new position in Northwest Natural during the 4th quarter worth approximately $156,000. Finally, Aquatic Capital Management LLC purchased a new position in Northwest Natural during the 4th quarter worth approximately $186,000. 75.13% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Northwest Natural news, VP David A. Weber sold 2,183 shares of the business'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 completion of the sale, the vice president now directly owns 255 shares in the company, valued at approximately $10,827.30. The trade was a 89.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Hugo Anderson sold 7,500 shares of the firm's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $43.00, for a total value of $322,500.00. Following the completion of the transaction, the director now owns 109,882 shares in the company, valued at $4,724,926. The trade was a 6.39% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,774 shares of company stock worth $1,037,295. Company insiders own 0.84% of the company's stock.

Northwest Natural Stock Performance

Shares of NWN stock traded up $0.17 on Thursday, hitting $40.24. The company had a trading volume of 228,971 shares, compared to its average volume of 249,944. The company has a 50-day moving average price of $41.69 and a 200-day moving average price of $41.23. 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 firm has a market cap of $1.62 billion, a P/E ratio of 18.98 and a beta of 0.54. Northwest Natural Holding has a twelve month low of $34.82 and a twelve month high of $44.38.

Northwest Natural (NYSE:NWN - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $2.28 EPS for the quarter, beating the consensus estimate of $2.09 by $0.19. The company had revenue of $494.28 million for the quarter, compared to analyst estimates of $464.65 million. Northwest Natural had a net margin of 6.90% and a return on equity of 5.89%. The firm's revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the business earned $1.69 earnings per share. As a group, equities research analysts predict that Northwest Natural Holding will post 2.33 earnings per share for the current fiscal year.

Northwest Natural Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 4.87%. The ex-dividend date of this dividend was Wednesday, April 30th. Northwest Natural's payout ratio is presently 77.78%.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company upped their price objective on shares of Northwest Natural from $45.00 to $47.00 and gave the company an "equal weight" rating in a report on Wednesday, May 7th.

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.