Victory Capital Management Inc. Sells 20,983 Shares of Northwest Natural Holding (NYSE:NWN)

Victory Capital Management Inc. cut its position in Northwest Natural Holding (NYSE:NWN) by 13.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 138,091 shares of the utilities provider’s stock after selling 20,983 shares during the quarter. Victory Capital Management Inc. owned 0.34% of Northwest Natural worth $5,463,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NWN. Thompson Siegel & Walmsley LLC bought a new position in Northwest Natural in the third quarter valued at about $12,250,000. Glenmede Trust Co. NA bought a new position in Northwest Natural in the third quarter valued at about $7,390,000. Foundry Partners LLC bought a new position in Northwest Natural in the third quarter valued at about $5,068,000. JPMorgan Chase & Co. raised its position in Northwest Natural by 47.6% in the third 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 position in Northwest Natural by 143.4% in the third quarter. Advisors Asset Management Inc. now owns 104,114 shares of the utilities provider’s stock valued at $4,250,000 after purchasing an additional 61,345 shares during the last quarter. 75.13% of the stock is currently owned by institutional investors.

Northwest Natural Price Performance

Northwest Natural stock opened at $41.83 on Friday. The company has a market capitalization of $1.68 billion, a PE ratio of 19.73 and a beta of 0.59. The stock has a 50-day moving average price of $40.56 and a two-hundred day moving average price of $40.55. The company has a current ratio of 0.72, a quick ratio of 0.53 and a debt-to-equity ratio of 1.15. Northwest Natural Holding has a 12 month low of $34.82 and a 12 month high of $44.25.

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

Northwest Natural Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a dividend of $0.49 per share. The ex-dividend date was Friday, January 31st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.69%. Northwest Natural’s dividend payout ratio (DPR) is 96.55%.

Insider Transactions at Northwest Natural

In other Northwest Natural news, CEO David Hugo Anderson sold 7,500 shares of Northwest Natural stock in a transaction that occurred on Tuesday, January 21st. The stock was 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 approximately $5,692,876.86. The trade was a 5.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 23,009 shares of company stock worth $936,978 over the last ninety days. 0.84% of the stock is owned by insiders.

Northwest Natural Company 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.