Northwest Natural Holding Co (NYSE:NWN) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its holdings in Northwest Natural Holding Co (NYSE:NWN) by 1.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 901,878 shares of the utilities provider’s stock after acquiring an additional 8,671 shares during the quarter. Dimensional Fund Advisors LP owned 3.13% of Northwest Natural worth $54,527,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Mackenzie Financial Corp bought a new position in shares of Northwest Natural during the 3rd quarter worth approximately $224,000. AMP Capital Investors Ltd lifted its position in shares of Northwest Natural by 3.3% during the 3rd quarter. AMP Capital Investors Ltd now owns 27,792 shares of the utilities provider’s stock worth $1,848,000 after buying an additional 900 shares in the last quarter. MetLife Investment Advisors LLC lifted its position in shares of Northwest Natural by 54.3% during the 3rd quarter. MetLife Investment Advisors LLC now owns 20,455 shares of the utilities provider’s stock worth $1,368,000 after buying an additional 7,198 shares in the last quarter. IMS Capital Management bought a new position in shares of Northwest Natural during the 3rd quarter worth approximately $69,000. Finally, Oregon Public Employees Retirement Fund bought a new position in shares of Northwest Natural during the 4th quarter worth approximately $663,000. 68.49% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director C Scott Gibson sold 1,746 shares of Northwest Natural stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $65.31, for a total value of $114,031.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David Hugo Anderson sold 19,000 shares of Northwest Natural stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $64.94, for a total transaction of $1,233,860.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,846 shares of company stock valued at $1,869,082. 1.19% of the stock is currently owned by company insiders.

Several equities analysts have commented on the stock. Zacks Investment Research raised shares of Northwest Natural from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Guggenheim reissued a “sell” rating and set a $49.00 target price on shares of Northwest Natural in a research report on Monday, January 7th. Wells Fargo & Co lifted their target price on shares of Northwest Natural from $65.00 to $67.00 and gave the stock a “market perform” rating in a research report on Monday, March 4th. Maxim Group started coverage on shares of Northwest Natural in a research report on Tuesday, January 8th. They set a “buy” rating and a $72.00 target price on the stock. Finally, TheStreet upgraded shares of Northwest Natural from a “c” rating to a “b-” rating in a research note on Friday, March 1st. 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 stock. The company has an average rating of “Hold” and a consensus price target of $64.00.

Shares of NWN stock traded down $0.21 during trading hours on Friday, hitting $64.84. 89,576 shares of the company were exchanged, compared to its average volume of 93,172. The company has a quick ratio of 0.49, a current ratio of 0.58 and a debt-to-equity ratio of 0.93. Northwest Natural Holding Co has a 52-week low of $56.90 and a 52-week high of $71.81. The firm has a market cap of $1.88 billion, a P/E ratio of 27.83, a PEG ratio of 6.60 and a beta of 0.40.

Northwest Natural (NYSE:NWN) last issued its quarterly 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 during the quarter. As a group, equities analysts expect that Northwest Natural Holding Co will post 2.27 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.475 per share. The ex-dividend date is Monday, April 29th. This represents a $1.90 annualized dividend and a dividend yield of 2.93%. Northwest Natural’s payout ratio is currently 81.55%.

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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 Oregon and Southwest Washington. It is also involved in the gas storage activities, water businesses, and other investments and activities.

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Institutional Ownership by Quarter for Northwest Natural (NYSE:NWN)

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