Northwest Natural (NYSE:NWN) Raised to Hold at StockNews.com

StockNews.com upgraded shares of Northwest Natural (NYSE:NWNGet Rating) from a sell rating to a hold rating in a research note issued to investors on Tuesday.

A number of other research firms have also issued reports on NWN. Wells Fargo & Company decreased their target price on Northwest Natural from $55.00 to $48.00 and set an equal weight rating for the company in a report on Wednesday, October 19th. Guggenheim decreased their target price on Northwest Natural from $49.00 to $40.00 in a report on Monday, October 24th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, the company has a consensus rating of Hold and an average target price of $50.60.

Northwest Natural Trading Down 0.3 %

NYSE:NWN opened at $49.61 on Tuesday. The firm has a market cap of $1.74 billion, a PE ratio of 19.08, a price-to-earnings-growth ratio of 4.53 and a beta of 0.55. The stock has a fifty day moving average price of $46.41 and a 200 day moving average price of $50.05. Northwest Natural has a 12-month low of $42.37 and a 12-month high of $57.63. The company has a current ratio of 0.94, a quick ratio of 0.75 and a debt-to-equity ratio of 1.15.

Northwest Natural Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st were issued a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 3.91%. This is an increase from Northwest Natural’s previous quarterly dividend of $0.48. The ex-dividend date was Friday, October 28th. Northwest Natural’s payout ratio is 74.62%.

Institutional Trading of Northwest Natural

A number of institutional investors have recently bought and sold shares of the business. Quadrant Capital Group LLC increased its position in shares of Northwest Natural by 101.5% during the second quarter. Quadrant Capital Group LLC now owns 681 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 343 shares in the last quarter. Wipfli Financial Advisors LLC acquired a new stake in shares of Northwest Natural during the third quarter worth about $46,000. Rockefeller Capital Management L.P. increased its position in shares of Northwest Natural by 322.0% during the third quarter. Rockefeller Capital Management L.P. now owns 1,401 shares of the utilities provider’s stock worth $60,000 after purchasing an additional 1,069 shares in the last quarter. Gladius Capital Management LP acquired a new stake in shares of Northwest Natural during the second quarter worth about $68,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Northwest Natural by 45.5% during the third quarter. Tower Research Capital LLC TRC now owns 1,781 shares of the utilities provider’s stock worth $78,000 after purchasing an additional 557 shares in the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

Northwest Natural Company 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.

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