15,300 Shares in Northwest Natural Holding (NYSE:NWN) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new stake in Northwest Natural Holding (NYSE:NWN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 15,300 shares of the utilities provider’s stock, valued at approximately $605,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position in shares of Northwest Natural by 5.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 568,991 shares of the utilities provider’s stock valued at $23,226,000 after acquiring an additional 29,682 shares during the last quarter. Quantbot Technologies LP grew its stake in Northwest Natural by 42.4% in the third quarter. Quantbot Technologies LP now owns 7,691 shares of the utilities provider’s stock valued at $314,000 after purchasing an additional 2,291 shares in the last quarter. Verition Fund Management LLC acquired a new position in shares of Northwest Natural during the 3rd quarter worth approximately $1,109,000. Point72 Asset Management L.P. bought a new stake in shares of Northwest Natural during the 3rd quarter worth approximately $181,000. Finally, Point72 DIFC Ltd bought a new stake in shares of Northwest Natural during the 3rd quarter worth approximately $78,000. 75.13% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, VP David A. Weber sold 2,183 shares of the firm’s stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $42.46, for a total transaction of $92,690.18. Following the completion of the sale, the vice president now owns 255 shares in the company, valued at approximately $10,827.30. This trade represents a 89.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO David Hugo Anderson sold 7,500 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $41.46, for a total transaction of $310,950.00. Following the completion of the transaction, the chief executive officer now directly owns 117,382 shares in the company, valued at approximately $4,866,657.72. This represents a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,192 shares of company stock valued at $1,042,268 over the last ninety days. 0.84% of the stock is currently owned by company insiders.

Northwest Natural Stock Performance

NYSE NWN opened at $43.18 on Thursday. The firm’s fifty day moving average price is $41.20 and its two-hundred day moving average price is $40.75. Northwest Natural Holding has a 1 year low of $34.82 and a 1 year high of $44.25. The firm has a market capitalization of $1.74 billion, a P/E ratio of 20.37 and a beta of 0.59. 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 (NYSE:NWN) last issued its earnings results on Friday, February 28th. The utilities provider reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.01). The firm 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 company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the business posted $1.21 earnings per share. As a group, research analysts anticipate that Northwest Natural Holding will post 2.33 EPS for the current year.

Northwest Natural Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 4.54%. The ex-dividend date of this dividend was Friday, January 31st. Northwest Natural’s dividend payout ratio is 96.55%.

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.