Dana Investment Advisors Inc. Sells 2,742 Shares of Northwest Natural Holding (NYSE:NWN)

Dana Investment Advisors Inc. lowered its position in shares of Northwest Natural Holding (NYSE:NWN) by 1.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 207,472 shares of the utilities provider’s stock after selling 2,742 shares during the period. Dana Investment Advisors Inc. owned about 0.55% of Northwest Natural worth $7,492,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of Northwest Natural by 173.5% during the second quarter. GAMMA Investing LLC now owns 796 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 505 shares in the last quarter. EntryPoint Capital LLC bought a new stake in Northwest Natural during the 1st quarter worth approximately $32,000. CWM LLC grew its holdings in Northwest Natural by 686.5% during the 1st quarter. CWM LLC now owns 1,046 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 913 shares during the last quarter. Quest Partners LLC increased its position in Northwest Natural by 12,044.4% in the 2nd quarter. Quest Partners LLC now owns 1,093 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 1,084 shares during the period. Finally, Geneos Wealth Management Inc. bought a new position in shares of Northwest Natural during the first quarter valued at $48,000. Institutional investors own 75.13% of the company’s stock.

Northwest Natural Trading Down 1.0 %

NYSE:NWN opened at $40.41 on Wednesday. Northwest Natural Holding has a 52 week low of $34.82 and a 52 week high of $41.20. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.73 and a current ratio of 0.97. The firm’s fifty day moving average is $39.60 and its 200-day moving average is $37.89. The firm has a market cap of $1.54 billion, a P/E ratio of 17.72 and a beta of 0.57.

Northwest Natural (NYSE:NWN) last issued its quarterly earnings results on Friday, August 2nd. The utilities provider reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.06. The firm had revenue of $211.70 million during the quarter, compared to the consensus estimate of $231.99 million. Northwest Natural had a return on equity of 6.31% and a net margin of 7.18%. The business’s revenue was down 11.0% compared to the same quarter last year. During the same period last year, the business posted $0.03 EPS. Equities analysts expect that Northwest Natural Holding will post 2.32 earnings per share for the current year.

Northwest Natural Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were issued a dividend of $0.488 per share. This represents a $1.95 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date was Wednesday, July 31st. Northwest Natural’s payout ratio is 85.53%.

Analyst Ratings Changes

NWN has been the subject of a number of recent research reports. Janney Montgomery Scott upgraded Northwest Natural from a “neutral” rating to a “buy” rating and increased their price objective for the company from $36.00 to $43.00 in a report on Monday, August 5th. StockNews.com upgraded Northwest Natural from a “sell” rating to a “hold” rating in a research report on Monday, August 5th.

About Northwest Natural

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.