Cwm LLC Buys 1,895 Shares of Northwest Natural Holding (NYSE:NWN)

Cwm LLC increased its stake in shares of Northwest Natural Holding (NYSE:NWN) by 50.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,633 shares of the utilities provider’s stock after acquiring an additional 1,895 shares during the quarter. Cwm LLC’s holdings in Northwest Natural were worth $230,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. GAMMA Investing LLC raised its stake in Northwest Natural by 55.2% during the third quarter. GAMMA Investing LLC now owns 1,235 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 439 shares in the last quarter. Truist Financial Corp purchased a new stake in Northwest Natural during the second quarter valued at $422,000. Brandes Investment Partners LP raised its stake in Northwest Natural by 1,040.1% during the second quarter. Brandes Investment Partners LP now owns 68,977 shares of the utilities provider’s stock valued at $2,467,000 after purchasing an additional 62,927 shares in the last quarter. Quarry LP raised its stake in Northwest Natural by 155.0% during the second quarter. Quarry LP now owns 1,923 shares of the utilities provider’s stock valued at $69,000 after purchasing an additional 1,169 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its stake in Northwest Natural by 60.0% during the second quarter. Sunbelt Securities Inc. now owns 4,000 shares of the utilities provider’s stock valued at $144,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors own 75.13% of the company’s stock.

Wall Street Analysts Forecast Growth

NWN has been the topic of a number of recent research reports. StockNews.com raised shares of Northwest Natural from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. Janney Montgomery Scott raised shares of Northwest Natural from a “neutral” rating to a “buy” rating and upped their price target for the company from $36.00 to $43.00 in a research note on Monday, August 5th.

Northwest Natural Trading Up 0.1 %

Shares of NWN opened at $40.52 on Wednesday. Northwest Natural Holding has a twelve month low of $34.82 and a twelve month high of $41.25. The company has a market cap of $1.54 billion, a P/E ratio of 17.77 and a beta of 0.57. The company has a current ratio of 0.97, a quick ratio of 0.73 and a debt-to-equity ratio of 1.17. The company’s fifty day simple moving average is $39.80 and its 200-day simple moving average is $38.24.

Northwest Natural (NYSE:NWN) last announced its earnings results on Friday, August 2nd. The utilities provider reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.06. Northwest Natural had a net margin of 7.18% and a return on equity of 6.31%. The business had revenue of $211.70 million for the quarter, compared to the consensus estimate of $231.99 million. During the same quarter in the prior year, the firm posted $0.03 earnings per share. The business’s revenue for the quarter was down 11.0% on a year-over-year basis. As a group, analysts expect that Northwest Natural Holding will post 2.32 EPS for the current year.

Northwest Natural Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 4.84%. The ex-dividend date of this dividend is Thursday, October 31st. This is an increase from Northwest Natural’s previous quarterly dividend of $0.49. Northwest Natural’s dividend payout ratio (DPR) is currently 85.96%.

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.