FCA Corp TX purchased a new stake in shares of Northwest Natural Holding Co (NYSE:NWN) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,000 shares of the utilities provider’s stock, valued at approximately $181,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Piedmont Investment Advisors Inc. lifted its stake in Northwest Natural by 3.4% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 6,861 shares of the utilities provider’s stock worth $415,000 after acquiring an additional 228 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in Northwest Natural by 2.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 20,595 shares of the utilities provider’s stock worth $1,245,000 after acquiring an additional 452 shares during the last quarter. Teachers Advisors LLC lifted its stake in Northwest Natural by 0.8% in the third quarter. Teachers Advisors LLC now owns 62,908 shares of the utilities provider’s stock worth $4,209,000 after acquiring an additional 515 shares during the last quarter. Confluence Investment Management LLC lifted its position in shares of Northwest Natural by 0.6% during the 4th quarter. Confluence Investment Management LLC now owns 90,093 shares of the utilities provider’s stock worth $5,447,000 after buying an additional 549 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of Northwest Natural by 8.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 8,700 shares of the utilities provider’s stock worth $526,000 after buying an additional 700 shares during the last quarter. 68.49% of the stock is owned by institutional investors and hedge funds.
NWN has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Northwest Natural from a “sell” rating to a “hold” rating in a research report on Wednesday, December 26th. Guggenheim reaffirmed a “sell” rating and issued a $49.00 target price on shares of Northwest Natural in a report on Monday, January 7th. Maxim Group began coverage on shares of Northwest Natural in a report on Tuesday, January 8th. They issued a “buy” rating and a $72.00 target price on the stock. Wells Fargo & Co lifted their target price 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, TheStreet raised 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 assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $64.00.
Northwest Natural (NYSE:NWN) last issued its earnings results on Friday, March 1st. The utilities provider reported $1.27 EPS for the quarter, topping the consensus estimate of $1.18 by $0.09. The company had revenue of $226.70 million for the quarter. Northwest Natural had a net margin of 9.13% and a return on equity of 8.82%. Sell-side analysts predict that Northwest Natural Holding Co will post 2.27 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given 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 2.85%. Northwest Natural’s payout ratio is currently 81.55%.
In other Northwest Natural news, CEO David Hugo Anderson sold 19,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $64.94, for a total value of $1,233,860.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director C Scott Gibson sold 1,746 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $65.31, for a total transaction of $114,031.26. The disclosure for this sale can be found here. Insiders have sold a total of 28,846 shares of company stock worth $1,869,082 over the last 90 days. Insiders own 1.19% of the company’s stock.
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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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