Mutual of America Capital Management LLC Acquires 263 Shares of Northwest Natural Holding (NYSE:NWN)

Mutual of America Capital Management LLC increased its position in Northwest Natural Holding (NYSE:NWN) by 4.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,079 shares of the utilities provider’s stock after purchasing an additional 263 shares during the period. Mutual of America Capital Management LLC’s holdings in Northwest Natural were worth $240,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thompson Siegel & Walmsley LLC bought a new position in shares of Northwest Natural during the third quarter valued at $12,250,000. Glenmede Trust Co. NA bought a new position in shares of Northwest Natural during the third quarter valued at $7,390,000. Foundry Partners LLC bought a new position in shares of Northwest Natural during the third quarter valued at $5,068,000. JPMorgan Chase & Co. increased its holdings in shares of Northwest Natural by 47.6% during the third quarter. JPMorgan Chase & Co. now owns 384,324 shares of the utilities provider’s stock valued at $15,688,000 after acquiring an additional 123,961 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in shares of Northwest Natural by 143.4% during the third quarter. Advisors Asset Management Inc. now owns 104,114 shares of the utilities provider’s stock valued at $4,250,000 after acquiring an additional 61,345 shares in the last quarter. 75.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Northwest Natural Price Performance

NYSE NWN opened at $41.61 on Tuesday. Northwest Natural Holding has a one year low of $34.82 and a one year high of $44.25. The stock has a 50-day moving average of $40.41 and a 200 day moving average of $40.52. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 19.63 and a beta of 0.59. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.53 and a current ratio of 0.72.

Northwest Natural (NYSE:NWN) last released its quarterly earnings data on Friday, February 28th. The utilities provider reported $1.41 EPS for the quarter, missing the consensus estimate of $1.42 by ($0.01). Northwest Natural had a return on equity of 5.89% and a net margin of 6.90%. The business had revenue of $370.90 million during the quarter, compared to the consensus estimate of $395.05 million. During the same quarter in the previous year, the business posted $1.21 earnings per share. Northwest Natural’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, sell-side analysts forecast that Northwest Natural Holding will post 2.33 EPS for the current year.

Northwest Natural Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.49 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.96 annualized dividend and a yield of 4.71%. Northwest Natural’s payout ratio is 96.55%.

Insider Buying and Selling

In other Northwest Natural news, CEO David Hugo Anderson sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $41.33, for a total value of $309,975.00. Following the transaction, the chief executive officer now directly owns 137,742 shares of the company’s stock, valued at approximately $5,692,876.86. This trade represents a 5.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 23,009 shares of company stock worth $936,978. 0.84% of the stock is owned by corporate insiders.

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.