Maven Securities LTD Buys New Stake in Northwest Natural Holding (NYSE:NWN)

Maven Securities LTD purchased a new position in shares of Northwest Natural Holding (NYSE:NWNGet Rating) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,100 shares of the utilities provider’s stock, valued at approximately $315,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UBS Group AG increased its stake in Northwest Natural by 32.0% during the 1st quarter. UBS Group AG now owns 29,738 shares of the utilities provider’s stock worth $1,538,000 after buying an additional 7,207 shares during the period. Hsbc Holdings PLC increased its position in shares of Northwest Natural by 24.8% in the 1st quarter. Hsbc Holdings PLC now owns 32,931 shares of the utilities provider’s stock worth $1,705,000 after purchasing an additional 6,552 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Northwest Natural by 22.4% in the 1st quarter. Renaissance Technologies LLC now owns 24,000 shares of the utilities provider’s stock worth $1,241,000 after purchasing an additional 4,400 shares during the last quarter. Verition Fund Management LLC bought a new stake in shares of Northwest Natural in the 1st quarter worth about $1,293,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Northwest Natural by 0.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 341,533 shares of the utilities provider’s stock worth $17,665,000 after purchasing an additional 2,203 shares during the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Wall Street Analysts Forecast Growth

NWN has been the subject of a number of recent research reports. Bank of America raised shares of Northwest Natural from an “underperform” rating to a “neutral” rating and set a $53.00 price objective for the company in a research report on Tuesday, May 24th. StockNews.com lowered shares of Northwest Natural from a “hold” rating to a “sell” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Northwest Natural presently has an average rating of “Hold” and a consensus price target of $53.60.

Northwest Natural Stock Up 0.8 %

Shares of NWN stock opened at $48.67 on Monday. Northwest Natural Holding has a 1 year low of $43.07 and a 1 year high of $57.63. The stock has a market cap of $1.67 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 4.53 and a beta of 0.49. The business’s fifty day moving average is $51.71 and its 200-day moving average is $52.05. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.54 and a current ratio of 0.66.

Northwest Natural (NYSE:NWNGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The utilities provider reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.09. Northwest Natural had a return on equity of 7.87% and a net margin of 8.27%. The company had revenue of $194.96 million for the quarter, compared to analysts’ expectations of $157.21 million. During the same period last year, the firm earned ($0.02) EPS. The firm’s revenue for the quarter was up 30.9% on a year-over-year basis. Equities analysts expect that Northwest Natural Holding will post 2.5 earnings per share for the current fiscal year.

Northwest Natural Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Friday, July 29th were given a dividend of $0.482 per share. This represents a $1.93 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend was Thursday, July 28th. Northwest Natural’s dividend payout ratio (DPR) is presently 77.51%.

Insider Activity

In related news, CEO David Hugo Anderson sold 1,127 shares of Northwest Natural stock in a transaction on Wednesday, June 22nd. The stock was sold at an average price of $52.44, for a total value of $59,099.88. Following the transaction, the chief executive officer now directly owns 125,675 shares in the company, valued at approximately $6,590,397. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP David A. Weber sold 1,436 shares of the firm’s stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $53.22, for a total value of $76,423.92. Following the completion of the sale, the vice president now owns 171 shares of the company’s stock, valued at $9,100.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO David Hugo Anderson sold 1,127 shares of the firm’s stock in a transaction on Wednesday, June 22nd. The stock was sold at an average price of $52.44, for a total value of $59,099.88. Following the completion of the sale, the chief executive officer now directly owns 125,675 shares of the company’s stock, valued at approximately $6,590,397. The disclosure for this sale can be found here. 0.84% of the stock is owned by insiders.

Northwest Natural Profile

(Get Rating)

Northwest Natural Holding Company, through its subsidiary, Northwest Natural Gas Company, provides regulated natural gas distribution services to residential, commercial, industrial, and transportation customers in Oregon and Southwest Washington. The company also operates 5.7 billion cubic feet of the Mist gas storage facility contracted to other utilities and third-party marketers; offers natural gas asset management services; and operates an appliance retail center.

See Also

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

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