US Bancorp DE Sells 2,549 Shares of Northwest Natural Holding (NYSE:NWN)

US Bancorp DE cut its stake in shares of Northwest Natural Holding (NYSE:NWN) by 9.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,171 shares of the utilities provider’s stock after selling 2,549 shares during the quarter. US Bancorp DE owned approximately 0.06% of Northwest Natural worth $917,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in Northwest Natural during the 3rd quarter worth $34,000. Capital Advisors Ltd. LLC grew its position in shares of 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 buying an additional 1,000 shares in the last quarter. LRI Investments LLC increased its stake in shares of Northwest Natural by 692.4% during the third quarter. LRI Investments LLC now owns 1,046 shares of the utilities provider’s stock valued at $43,000 after buying an additional 914 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Northwest Natural in the third quarter valued at about $61,000. Finally, Point72 DIFC Ltd purchased a new stake in Northwest Natural in the third quarter worth about $78,000. Institutional investors own 75.13% of the company’s stock.

Northwest Natural Stock Up 1.3 %

Shares of NYSE NWN opened at $41.95 on Monday. Northwest Natural Holding has a 12-month low of $34.82 and a 12-month high of $44.25. The stock’s fifty day simple moving average is $40.37 and its two-hundred day simple moving average is $40.51. The stock has a market capitalization of $1.69 billion, a PE ratio of 19.79 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 quarterly earnings data on Friday, February 28th. The utilities provider reported $1.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.01). The company had revenue of $370.90 million for the quarter, compared to the consensus estimate of $395.05 million. Northwest Natural had a net margin of 6.90% and a return on equity of 5.89%. Northwest Natural’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.21 EPS. As a group, analysts expect that Northwest Natural Holding will post 2.33 EPS for the current fiscal year.

Northwest Natural Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date was Friday, January 31st. Northwest Natural’s payout ratio is currently 96.55%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, CEO David Hugo Anderson sold 7,500 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $41.33, for a total transaction of $309,975.00. Following the transaction, the chief executive officer now directly owns 137,742 shares in the company, valued at $5,692,876.86. The trade was a 5.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 23,009 shares of company stock worth $936,978 in the last 90 days. 0.84% of the stock is owned by corporate insiders.

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.