Rhumbline Advisers Has $5.10 Million Stake in Northwest Natural Holding (NYSE:NWN)

Rhumbline Advisers raised its position in shares of Northwest Natural Holding (NYSE:NWN) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 128,968 shares of the utilities provider’s stock after acquiring an additional 2,602 shares during the quarter. Rhumbline Advisers owned about 0.32% of Northwest Natural worth $5,102,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Creative Planning bought a new stake in Northwest Natural in the 3rd quarter worth about $211,000. Allspring Global Investments Holdings LLC increased its stake in Northwest Natural by 1.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 29,507 shares of the utilities provider’s stock worth $1,204,000 after purchasing an additional 457 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Northwest Natural in the 3rd quarter worth approximately $270,000. Janney Montgomery Scott LLC lifted its stake in shares of Northwest Natural by 27.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 75,902 shares of the utilities provider’s stock valued at $3,098,000 after purchasing an additional 16,139 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in Northwest Natural by 7.3% in the third quarter. Van ECK Associates Corp now owns 10,423 shares of the utilities provider’s stock worth $423,000 after acquiring an additional 709 shares in the last quarter. Institutional investors and hedge funds own 75.13% of the company’s stock.

Northwest Natural Stock Performance

NYSE:NWN opened at $41.18 on Friday. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 19.43 and a beta of 0.62. Northwest Natural Holding has a 1 year low of $34.82 and a 1 year 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. The stock’s 50 day simple moving average is $40.11 and its two-hundred day simple moving average is $40.35.

Northwest Natural Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date was Friday, January 31st. Northwest Natural’s dividend payout ratio (DPR) is 92.45%.

Insider Activity

In other news, CEO David Hugo Anderson sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $41.33, for a total value of $309,975.00. Following the completion of the sale, the chief executive officer now owns 137,742 shares in the company, valued at approximately $5,692,876.86. This trade represents a 5.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have sold 23,009 shares of company stock valued at $936,978. 0.84% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Stifel Nicolaus lowered their target price on Northwest Natural from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Thursday, November 14th.

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.