Quantbot Technologies LP Trims Stock Holdings in Northwest Natural Holding (NYSE:NWN)

Quantbot Technologies LP lowered its stake in shares of Northwest Natural Holding (NYSE:NWN) by 53.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,608 shares of the utilities provider’s stock after selling 4,083 shares during the period. Quantbot Technologies LP’s holdings in Northwest Natural were worth $143,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Capital Advisors Ltd. LLC lifted its holdings in Northwest Natural by 11,111.1% during the 4th quarter. Capital Advisors Ltd. LLC now owns 1,009 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 1,000 shares in the last quarter. LRI Investments LLC lifted its holdings 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 worth $43,000 after buying an additional 914 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Northwest Natural in the third quarter valued at approximately $61,000. Point72 DIFC Ltd purchased a new position in Northwest Natural during the third quarter valued at approximately $78,000. Finally, KBC Group NV increased its holdings in Northwest Natural by 74.1% during the 4th quarter. KBC Group NV now owns 2,054 shares of the utilities provider’s stock worth $81,000 after acquiring an additional 874 shares during the period. 75.13% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Northwest Natural news, CEO David Hugo Anderson sold 7,500 shares of Northwest Natural stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $41.46, for a total transaction of $310,950.00. Following the completion of the sale, the chief executive officer now owns 117,382 shares of the company’s stock, valued at $4,866,657.72. The trade was a 6.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 23,009 shares of company stock valued at $949,578 in the last quarter. Corporate insiders own 0.84% of the company’s stock.

Northwest Natural Stock Up 2.2 %

Shares of NYSE:NWN opened at $42.61 on Monday. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 20.10 and a beta of 0.59. Northwest Natural Holding has a one year low of $34.82 and a one year high of $44.25. The firm has a fifty day moving average price of $41.05 and a two-hundred day moving average price of $40.69. 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 posted its 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). 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 for the quarter, compared to analysts’ expectations of $395.05 million. During the same quarter in the previous year, the firm earned $1.21 earnings per share. Northwest Natural’s quarterly revenue was up 4.3% compared to the same quarter last year. Analysts anticipate that Northwest Natural Holding will post 2.33 EPS for the current fiscal year.

Northwest Natural Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders 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 annualized dividend and a yield of 4.60%. Northwest Natural’s payout ratio is presently 96.55%.

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.