Choreo LLC Has $406,000 Stock Holdings in Northwest Natural Holding (NYSE:NWN)

Choreo LLC increased its stake in shares of Northwest Natural Holding (NYSE:NWN) by 91.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,308 shares of the utilities provider’s stock after buying an additional 4,931 shares during the period. Choreo LLC’s holdings in Northwest Natural were worth $406,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Thompson Siegel & Walmsley LLC bought a new stake in shares of Northwest Natural during the third quarter worth approximately $12,250,000. Glenmede Trust Co. NA acquired a new stake in Northwest Natural during the 3rd quarter worth approximately $7,390,000. Foundry Partners LLC bought a new stake in Northwest Natural in the 3rd quarter valued at $5,068,000. JPMorgan Chase & Co. grew its holdings in Northwest Natural by 47.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 384,324 shares of the utilities provider’s stock valued at $15,688,000 after buying an additional 123,961 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its position in Northwest Natural by 143.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 104,114 shares of the utilities provider’s stock worth $4,250,000 after buying an additional 61,345 shares during the period. Institutional investors and hedge funds own 75.13% of the company’s stock.

Northwest Natural Stock Up 0.1 %

NYSE NWN opened at $40.85 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.53 and a debt-to-equity ratio of 1.15. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 19.27 and a beta of 0.62. The company has a 50 day moving average of $40.17 and a 200-day moving average of $40.19. Northwest Natural Holding has a 1-year low of $34.82 and a 1-year high of $44.25.

Northwest Natural (NYSE:NWN) last announced its quarterly earnings data on Tuesday, November 12th. The utilities provider reported ($0.71) earnings per share for the quarter, beating the consensus estimate of ($0.79) by $0.08. The firm had revenue of $136.90 million during the quarter, compared to analysts’ expectations of $132.47 million. Northwest Natural had a return on equity of 5.89% and a net margin of 6.90%. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.65) EPS. On average, equities research analysts expect that Northwest Natural Holding will post 2.33 earnings per share for the current fiscal year.

Northwest Natural Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date is Friday, January 31st. Northwest Natural’s dividend payout ratio (DPR) is presently 92.45%.

Insider Buying and Selling

In other Northwest Natural news, CEO David Hugo Anderson sold 7,500 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now owns 137,742 shares of the company’s stock, valued at approximately $5,692,876.86. This trade represents a 5.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.84% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus reduced their target price on shares of Northwest Natural from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Thursday, November 14th.

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.