3,578 Shares in Northwest Natural Holding (NYSE:NWN) Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale purchased a new position in shares of Northwest Natural Holding (NYSE:NWN) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,578 shares of the utilities provider’s stock, valued at approximately $138,000.

Other large investors have also recently bought and sold shares of the company. Ronald Blue Trust Inc. acquired a new stake in Northwest Natural during the 3rd quarter worth $31,000. Belpointe Asset Management LLC raised its position in Northwest Natural by 185.7% during the 1st quarter. Belpointe Asset Management LLC now owns 820 shares of the utilities provider’s stock worth $39,000 after buying an additional 533 shares during the last quarter. FMR LLC raised its position in Northwest Natural by 23.8% during the 1st quarter. FMR LLC now owns 1,452 shares of the utilities provider’s stock worth $69,000 after buying an additional 279 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Northwest Natural by 45.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,781 shares of the utilities provider’s stock worth $78,000 after buying an additional 557 shares during the last quarter. Finally, Spirit of America Management Corp NY raised its position in Northwest Natural by 52.0% during the 3rd quarter. Spirit of America Management Corp NY now owns 1,900 shares of the utilities provider’s stock worth $73,000 after buying an additional 650 shares during the last quarter. Institutional investors and hedge funds own 75.13% of the company’s stock.

Northwest Natural Stock Up 1.0 %

Shares of NYSE NWN opened at $35.86 on Thursday. The company has a quick ratio of 0.70, a current ratio of 0.86 and a debt-to-equity ratio of 1.11. Northwest Natural Holding has a 52 week low of $34.95 and a 52 week high of $48.37. The firm has a 50-day moving average price of $36.67 and a 200 day moving average price of $37.58. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 13.79 and a beta of 0.57.

Northwest Natural (NYSE:NWN) last announced its quarterly earnings data on Friday, February 23rd. The utilities provider reported $1.21 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.10). Northwest Natural had a net margin of 7.84% and a return on equity of 7.52%. The company had revenue of $355.71 million during the quarter, compared to analyst estimates of $368.78 million. During the same quarter last year, the business earned $1.36 EPS. Equities research analysts anticipate that Northwest Natural Holding will post 2.29 EPS for the current fiscal year.

Northwest Natural Dividend Announcement

The firm 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 $0.488 per share. This represents a $1.95 dividend on an annualized basis and a yield of 5.44%. The ex-dividend date is Monday, April 29th. Northwest Natural’s payout ratio is currently 75.00%.

Analyst Upgrades and Downgrades

Separately, Janney Montgomery Scott began coverage on shares of Northwest Natural in a research report on Wednesday, January 31st. They set a “neutral” rating and a $39.00 price objective for the company. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $45.20.

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 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.