Northwest Natural Holding Co (NYSE:NWN) insider Lori L. Russell sold 3,500 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $64.59, for a total transaction of $226,065.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
NWN stock traded down $0.21 on Monday, hitting $65.45. The company had a trading volume of 60,308 shares, compared to its average volume of 120,016. Northwest Natural Holding Co has a 12-month low of $56.90 and a 12-month high of $71.81. The company has a current ratio of 0.58, a quick ratio of 0.49 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $1.88 billion, a P/E ratio of 28.09, a P/E/G ratio of 6.64 and a beta of 0.40.
Northwest Natural (NYSE:NWN) last issued its earnings results on Friday, March 1st. The utilities provider reported $1.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.18 by $0.09. Northwest Natural had a net margin of 9.13% and a return on equity of 8.82%. The company had revenue of $226.70 million for the quarter. As a group, equities analysts predict that Northwest Natural Holding Co will post 2.27 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of the stock. Whitehelm Capital Pty Ltd raised its position in Northwest Natural by 15.0% in the first quarter. Whitehelm Capital Pty Ltd now owns 38,225 shares of the utilities provider’s stock worth $2,509,000 after acquiring an additional 4,983 shares during the period. Mackenzie Financial Corp bought a new position in Northwest Natural in the third quarter worth approximately $224,000. AMP Capital Investors Ltd raised its position in Northwest Natural by 3.3% in the third quarter. AMP Capital Investors Ltd now owns 27,792 shares of the utilities provider’s stock worth $1,848,000 after acquiring an additional 900 shares during the period. MetLife Investment Advisors LLC raised its position in Northwest Natural by 54.3% in the third quarter. MetLife Investment Advisors LLC now owns 20,455 shares of the utilities provider’s stock worth $1,368,000 after acquiring an additional 7,198 shares during the period. Finally, IMS Capital Management bought a new position in Northwest Natural in the third quarter worth approximately $69,000. Institutional investors own 68.52% of the company’s stock.
NWN has been the topic of a number of recent analyst reports. TheStreet upgraded shares of Northwest Natural from a “c” rating to a “b-” rating in a report on Friday, March 1st. Zacks Investment Research upgraded shares of Northwest Natural from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a report on Thursday, February 7th. Maxim Group initiated coverage on shares of Northwest Natural in a report on Tuesday, January 8th. They set a “buy” rating and a $72.00 price target on the stock. Wells Fargo & Co increased their price target on shares of Northwest Natural from $65.00 to $67.00 and gave the company a “market perform” rating in a report on Monday, March 4th. Finally, Guggenheim reiterated a “sell” rating and set a $49.00 price target on shares of Northwest Natural in a report on Monday, January 7th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. Northwest Natural has a consensus rating of “Hold” and a consensus target price of $64.00.
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 Oregon and Southwest Washington. It is also involved in the gas storage activities, water businesses, and other investments and activities.
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