Northwest Natural Holding (NYSE:NWN) Shares Bought by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC boosted its stake in shares of Northwest Natural Holding (NYSE:NWN) by 13.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,906 shares of the utilities provider’s stock after buying an additional 345 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Northwest Natural were worth $115,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC grew its position in Northwest Natural by 11,111.1% during the fourth quarter. Capital Advisors Ltd. LLC now owns 1,009 shares of the utilities provider’s stock worth $40,000 after buying an additional 1,000 shares during the period. LRI Investments LLC grew its position in shares of Northwest Natural by 692.4% in the third quarter. LRI Investments LLC now owns 1,046 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 914 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Northwest Natural in the third quarter valued at approximately $61,000. Point72 DIFC Ltd acquired a new stake in shares of Northwest Natural in the third quarter valued at approximately $78,000. Finally, KBC Group NV grew its position in shares of Northwest Natural by 74.1% in the fourth quarter. KBC Group NV now owns 2,054 shares of the utilities provider’s stock valued at $81,000 after purchasing an additional 874 shares during the last quarter. 75.13% of the stock is currently owned by institutional investors and hedge funds.

Northwest Natural Stock Up 1.7 %

NWN stock opened at $41.83 on Monday. The company’s 50 day simple moving average is $40.56 and its 200-day simple moving average is $40.55. The firm has a market capitalization of $1.68 billion, a PE ratio of 19.73 and a beta of 0.59. Northwest Natural Holding has a 12 month low of $34.82 and a 12 month high of $44.25. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.72 and a quick ratio of 0.53.

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

Northwest Natural Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors 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 yield of 4.69%. Northwest Natural’s dividend payout ratio (DPR) is currently 96.55%.

Insiders Place Their Bets

In other Northwest Natural news, CEO David Hugo Anderson sold 7,500 shares of Northwest Natural stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $40.97, for a total value of $307,275.00. Following the completion of the sale, the chief executive officer now directly owns 130,242 shares of the company’s stock, valued at approximately $5,336,014.74. The trade was a 5.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders sold 23,009 shares of company stock valued at $936,978. Company insiders own 0.84% of the company’s stock.

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.