Asset Management One Co. Ltd. Sells 2,012 Shares of Northwest Natural Holding (NYSE:NWN)

Asset Management One Co. Ltd. decreased its position in Northwest Natural Holding (NYSE:NWN) by 14.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,966 shares of the utilities provider’s stock after selling 2,012 shares during the period. Asset Management One Co. Ltd.’s holdings in Northwest Natural were worth $472,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Van ECK Associates Corp boosted its stake in Northwest Natural by 11.1% in the 4th quarter. Van ECK Associates Corp now owns 11,581 shares of the utilities provider’s stock worth $458,000 after purchasing an additional 1,158 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Northwest Natural by 3.7% in the 4th quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the utilities provider’s stock worth $767,000 after purchasing an additional 700 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in Northwest Natural by 3.4% in the 4th quarter. State of Alaska Department of Revenue now owns 22,808 shares of the utilities provider’s stock worth $902,000 after purchasing an additional 741 shares in the last quarter. Choreo LLC boosted its stake in Northwest Natural by 91.7% in the 4th quarter. Choreo LLC now owns 10,308 shares of the utilities provider’s stock worth $406,000 after purchasing an additional 4,931 shares in the last quarter. Finally, Spirit of America Management Corp NY boosted its stake in Northwest Natural by 78.9% in the 4th quarter. Spirit of America Management Corp NY now owns 3,400 shares of the utilities provider’s stock worth $135,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors own 75.13% of the company’s stock.

Insiders Place Their Bets

In other news, CEO David Hugo Anderson sold 7,500 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $39.78, for a total transaction of $298,350.00. Following the completion of the sale, the chief executive officer now owns 144,298 shares of the company’s stock, valued at $5,740,174.44. This represents a 4.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.84% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

Northwest Natural Price Performance

Shares of NYSE:NWN opened at $40.99 on Friday. Northwest Natural Holding has a fifty-two week low of $34.82 and a fifty-two week high of $44.25. The business has a 50-day simple moving average of $40.03 and a two-hundred day simple moving average of $40.22. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.53 and a current ratio of 0.72. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 19.34 and a beta of 0.62.

Northwest Natural Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date was Friday, January 31st. Northwest Natural’s dividend payout ratio (DPR) is 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.