Sterling Capital Management LLC trimmed its holdings in shares of Northwest Natural Holding (NYSE:NWN - Free Report) by 89.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,214 shares of the utilities provider's stock after selling 10,597 shares during the quarter. Sterling Capital Management LLC's holdings in Northwest Natural were worth $48,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of NWN. Barclays PLC raised its position in Northwest Natural by 351.9% in 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 period. Geode Capital Management LLC lifted its stake in Northwest Natural by 1.8% in the third quarter. Geode Capital Management LLC now owns 884,205 shares of the utilities provider's stock worth $36,101,000 after acquiring an additional 15,289 shares during the period. Sanctuary Advisors LLC bought a new position in Northwest Natural in the third quarter worth approximately $270,000. Wilmington Savings Fund Society FSB purchased a new position in Northwest Natural in the third quarter valued at about $61,000. Finally, JPMorgan Chase & Co. boosted its stake in 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 acquiring an additional 123,961 shares in the last quarter. Institutional investors own 75.13% of the company's stock.
Insider Buying and Selling at Northwest Natural
In other Northwest Natural news, CEO David Hugo Anderson sold 7,500 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $41.46, for a total value of $310,950.00. Following the sale, the chief executive officer now directly owns 117,382 shares of the company's stock, valued at approximately $4,866,657.72. This trade represents a 6.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP David A. Weber sold 2,183 shares of the stock in a transaction on Monday, March 31st. The stock was sold at an average price of $42.46, for a total value of $92,690.18. Following the completion of the transaction, the vice president now directly owns 255 shares in the company, valued at $10,827.30. This trade represents a 89.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,192 shares of company stock valued at $1,054,793 over the last quarter. Corporate insiders own 0.84% of the company's stock.
Northwest Natural Stock Performance
Shares of Northwest Natural stock traded down $0.63 on Wednesday, reaching $43.15. 290,505 shares of the stock were exchanged, compared to its average volume of 245,381. The business has a 50 day moving average price of $41.98 and a two-hundred day moving average price of $41.11. 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 capitalization of $1.74 billion, a price-to-earnings ratio of 20.35 and a beta of 0.56. 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 issued its quarterly earnings results on Friday, February 28th. The utilities provider reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.01). Northwest Natural had a return on equity of 5.89% and a net margin of 6.90%. The business had revenue of $370.90 million for the quarter, compared to analyst estimates of $395.05 million. During the same period in the prior year, the company posted $1.21 EPS. The firm's revenue for the quarter was up 4.3% compared to the same quarter last year. Analysts anticipate that Northwest Natural Holding will post 2.33 earnings per share for the current fiscal year.
Northwest Natural Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 4.54%. The ex-dividend date of this dividend is Wednesday, April 30th. 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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