20,006 Shares in Northwest Natural Holding (NYSE:NWN) Purchased by SG Americas Securities LLC

SG Americas Securities LLC purchased a new position in Northwest Natural Holding (NYSE:NWNFree Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 20,006 shares of the utilities provider’s stock, valued at approximately $791,000.

Several other institutional investors also recently bought and sold shares of the company. Wedge Capital Management L L P NC grew its position in Northwest Natural by 5.2% during the 4th quarter. Wedge Capital Management L L P NC now owns 56,244 shares of the utilities provider’s stock valued at $2,225,000 after purchasing an additional 2,760 shares during the last quarter. Hennessy Advisors Inc. grew its position in Northwest Natural by 6.3% during the 4th quarter. Hennessy Advisors Inc. now owns 57,503 shares of the utilities provider’s stock valued at $2,275,000 after purchasing an additional 3,400 shares during the last quarter. Code Waechter LLC grew its position in Northwest Natural by 2.8% during the 4th quarter. Code Waechter LLC now owns 24,295 shares of the utilities provider’s stock valued at $961,000 after purchasing an additional 668 shares during the last quarter. Nordea Investment Management AB grew its position in Northwest Natural by 26.4% during the 4th quarter. Nordea Investment Management AB now owns 125,032 shares of the utilities provider’s stock valued at $4,959,000 after purchasing an additional 26,152 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Northwest Natural by 47.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 384,324 shares of the utilities provider’s stock valued at $15,688,000 after acquiring an additional 123,961 shares during the last quarter. 75.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus dropped their price target on shares of Northwest Natural from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Thursday, November 14th.

Check Out Our Latest Stock Report on NWN

Northwest Natural Price Performance

Shares of NYSE:NWN opened at $39.78 on Thursday. The firm’s 50 day moving average price is $40.79 and its 200-day moving average price is $40.15. Northwest Natural Holding has a twelve month low of $34.82 and a twelve month high of $44.25. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $1.60 billion, a PE ratio of 18.77 and a beta of 0.62.

Northwest Natural (NYSE:NWNGet Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The utilities provider reported ($0.71) earnings per share for the quarter, topping the consensus estimate of ($0.79) by $0.08. Northwest Natural had a net margin of 6.90% and a return on equity of 5.89%. The firm had revenue of $136.90 million for the quarter, compared to analysts’ expectations of $132.47 million. During the same quarter in the prior year, the business earned ($0.65) EPS. The business’s quarterly revenue was down 3.3% on a year-over-year basis. Equities research analysts expect that Northwest Natural Holding will post 2.33 EPS for the current year.

Northwest Natural Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date is Friday, January 31st. Northwest Natural’s payout ratio is 92.45%.

Insiders Place Their Bets

In other news, CEO David Hugo Anderson sold 7,500 shares of Northwest Natural stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $41.33, for a total transaction of $309,975.00. Following the sale, the chief executive officer now owns 137,742 shares in the company, valued at $5,692,876.86. This trade represents a 5.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.84% of the stock is owned by company insiders.

About Northwest Natural

(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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