Franklin Resources Inc. Sells 1,990 Shares of Northwest Natural Holding (NYSE:NWN)

Franklin Resources Inc. decreased its holdings in Northwest Natural Holding (NYSE:NWNFree Report) by 7.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,798 shares of the utilities provider’s stock after selling 1,990 shares during the quarter. Franklin Resources Inc. owned approximately 0.07% of Northwest Natural worth $1,005,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. AM Investment Strategies LLC bought a new stake in shares of Northwest Natural in the fourth quarter worth $137,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Northwest Natural in the fourth quarter worth $138,000. Miller Howard Investments Inc. NY bought a new stake in shares of Northwest Natural in the fourth quarter worth $209,000. JGP Wealth Management LLC grew its stake in shares of Northwest Natural by 4.5% in the fourth quarter. JGP Wealth Management LLC now owns 6,009 shares of the utilities provider’s stock worth $234,000 after purchasing an additional 260 shares during the last quarter. Finally, Watershed Asset Management L.L.C. bought a new stake in shares of Northwest Natural in the fourth quarter worth $240,000. Institutional investors own 75.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus upped their price target on shares of Northwest Natural from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $41.40.

Read Our Latest Stock Report on Northwest Natural

Northwest Natural Stock Performance

Shares of NWN opened at $36.54 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.93 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $1.39 billion, a P/E ratio of 16.03 and a beta of 0.57. The firm’s fifty day simple moving average is $37.39 and its two-hundred day simple moving average is $37.53. Northwest Natural Holding has a 12 month low of $34.95 and a 12 month high of $44.90.

Northwest Natural (NYSE:NWNGet Free Report) last announced its quarterly earnings data on Monday, May 6th. The utilities provider reported $1.69 earnings per share for the quarter, missing the consensus estimate of $1.82 by ($0.13). Northwest Natural had a net margin of 7.36% and a return on equity of 6.76%. The company had revenue of $433.50 million for the quarter, compared to analyst estimates of $447.81 million. During the same quarter in the prior year, the company posted $2.01 EPS. Northwest Natural’s revenue for the quarter was down 6.3% on a year-over-year basis. As a group, analysts predict that Northwest Natural Holding will post 2.28 EPS for the current year.

Northwest Natural Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were issued a dividend of $0.488 per share. The ex-dividend date of this dividend was Monday, April 29th. This represents a $1.95 annualized dividend and a dividend yield of 5.34%. Northwest Natural’s dividend payout ratio is currently 85.53%.

Northwest Natural Profile

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

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