Nisa Investment Advisors LLC Lowers Position in Northwest Natural Holding (NYSE:NWN)

Nisa Investment Advisors LLC trimmed its holdings in shares of Northwest Natural Holding (NYSE:NWN) by 24.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,869 shares of the utilities provider’s stock after selling 603 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Northwest Natural were worth $74,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Thompson Siegel & Walmsley LLC purchased a new position in Northwest Natural in the third quarter worth $12,250,000. Glenmede Trust Co. NA bought a new stake in Northwest Natural during the third quarter worth about $7,390,000. Foundry Partners LLC purchased a new position in shares of Northwest Natural in the 3rd quarter worth about $5,068,000. JPMorgan Chase & Co. increased its position 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 purchasing an additional 123,961 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in shares of Northwest Natural by 143.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 104,114 shares of the utilities provider’s stock valued at $4,250,000 after buying an additional 61,345 shares in the last quarter. 75.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insider Activity

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 value of $309,975.00. Following the completion of the sale, the chief executive officer now directly owns 137,742 shares in the company, valued at $5,692,876.86. The trade was a 5.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.84% of the company’s stock.

Northwest Natural Price Performance

NWN opened at $40.54 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.53 and a debt-to-equity ratio of 1.15. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 19.12 and a beta of 0.62. The stock has a fifty day simple moving average of $40.75 and a two-hundred day simple moving average of $40.15. Northwest Natural Holding has a 12-month low of $34.82 and a 12-month high of $44.25.

Northwest Natural (NYSE:NWN) last announced its quarterly earnings data on Tuesday, November 12th. The utilities provider reported ($0.71) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.79) by $0.08. Northwest Natural had a net margin of 6.90% and a return on equity of 5.89%. The business 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 company earned ($0.65) earnings per share. The business’s revenue was down 3.3% compared to the same quarter last year. Research analysts predict that Northwest Natural Holding will post 2.33 earnings per share for the current fiscal year.

Northwest Natural Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a $0.49 dividend. The ex-dividend date is Friday, January 31st. This represents a $1.96 annualized dividend and a dividend yield of 4.83%. Northwest Natural’s dividend payout ratio is presently 92.45%.

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.