Everence Capital Management Inc. bought a new position in shares of Northwest Natural Holding Co (NYSE:NWN) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,330 shares of the utilities provider’s stock, valued at approximately $547,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Tompkins Financial Corp bought a new position in Northwest Natural in the first quarter worth approximately $29,000. Quadrant Capital Group LLC boosted its holdings in Northwest Natural by 120.9% in the first quarter. Quadrant Capital Group LLC now owns 720 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 394 shares in the last quarter. Enterprise Financial Services Corp boosted its holdings in Northwest Natural by 3,479.5% in the first quarter. Enterprise Financial Services Corp now owns 1,396 shares of the utilities provider’s stock worth $92,000 after acquiring an additional 1,357 shares in the last quarter. Quantamental Technologies LLC bought a new position in Northwest Natural in the first quarter worth approximately $92,000. Finally, Country Trust Bank bought a new position in Northwest Natural in the fourth quarter worth approximately $115,000. 68.98% of the stock is owned by institutional investors and hedge funds.
Several research analysts have issued reports on the company. Maxim Group set a $72.00 price target on Northwest Natural and gave the stock a “buy” rating in a report on Wednesday, May 8th. Zacks Investment Research upgraded Northwest Natural from a “sell” rating to a “hold” rating and set a $75.00 price target on the stock in a report on Thursday, May 2nd. Wells Fargo & Co increased their price target on Northwest Natural from $65.00 to $67.00 and gave the stock a “market perform” rating in a report on Monday, March 4th. Finally, TheStreet upgraded Northwest Natural from a “c” rating to a “b-” rating in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $65.75.
In other news, Director C Scott Gibson sold 1,746 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $65.31, for a total value of $114,031.26. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO David Hugo Anderson sold 19,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $64.94, for a total value of $1,233,860.00. The disclosure for this sale can be found here. Insiders sold 28,846 shares of company stock worth $1,869,082 in the last 90 days. Corporate insiders own 1.14% of the company’s stock.
Shares of NYSE:NWN opened at $69.17 on Thursday. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 29.69, a PEG ratio of 6.47 and a beta of 0.40. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.48 and a current ratio of 0.52. Northwest Natural Holding Co has a 52-week low of $56.90 and a 52-week high of $71.81.
Northwest Natural (NYSE:NWN) last posted its earnings results on Friday, March 1st. The utilities provider reported $1.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.09. Northwest Natural had a return on equity of 9.86% and a net margin of 9.10%. The company had revenue of $226.70 million for the quarter. Equities research analysts anticipate that Northwest Natural Holding Co will post 2.37 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were issued a $0.475 dividend. The ex-dividend date was Monday, April 29th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 2.75%. Northwest Natural’s dividend payout ratio is presently 81.55%.
COPYRIGHT VIOLATION WARNING: “8,330 Shares in Northwest Natural Holding Co (NWN) Acquired by Everence Capital Management Inc.” was first reported by Transcript Daily and is owned by of Transcript Daily. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this piece can be read at https://transcriptdaily.com/2019/05/16/8330-shares-in-northwest-natural-holding-co-nwn-acquired-by-everence-capital-management-inc.html.
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 Oregon and Southwest Washington. It is also involved in the gas storage activities, water businesses, and other investments and activities.
Want to see what other hedge funds are holding NWN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northwest Natural Holding Co (NYSE:NWN).
Receive News & Ratings for Northwest Natural Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northwest Natural and related companies with MarketBeat.com's FREE daily email newsletter.