Atria Investments Inc Takes Position in Northwest Natural Holding (NYSE:NWN)

Atria Investments Inc acquired a new position in shares of Northwest Natural Holding (NYSE:NWN) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 6,830 shares of the utilities provider’s stock, valued at approximately $270,000.

Other hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Northwest Natural by 8.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 615,126 shares of the utilities provider’s stock worth $24,334,000 after buying an additional 46,135 shares during the period. Steward Partners Investment Advisory LLC lifted its position in shares of Northwest Natural by 13.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,906 shares of the utilities provider’s stock valued at $115,000 after acquiring an additional 345 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Northwest Natural in the 4th quarter worth approximately $156,000. Mutual of America Capital Management LLC grew its position in Northwest Natural by 4.5% during the 4th quarter. Mutual of America Capital Management LLC now owns 6,079 shares of the utilities provider’s stock worth $240,000 after purchasing an additional 263 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in Northwest Natural during the 4th quarter valued at $635,000. 75.13% of the stock is currently owned by institutional investors and hedge funds.

Northwest Natural Stock Performance

Shares of Northwest Natural stock opened at $41.91 on Tuesday. The stock has a market cap of $1.69 billion, a PE ratio of 19.77 and a beta of 0.59. Northwest Natural Holding has a 12 month low of $34.82 and a 12 month high of $44.25. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 1.15. The business has a fifty day simple moving average of $40.62 and a 200-day simple moving average of $40.57.

Northwest Natural (NYSE:NWN) last released its earnings results on Friday, February 28th. The utilities provider reported $1.41 earnings per share for the quarter, missing the consensus estimate of $1.42 by ($0.01). The business had revenue of $370.90 million for the quarter, compared to analysts’ expectations 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 was up 4.3% compared to the same quarter last year. During the same period last year, the firm earned $1.21 EPS. On average, sell-side analysts anticipate that Northwest Natural Holding will post 2.33 EPS for the current fiscal year.

Northwest Natural Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a $0.49 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.96 dividend on an annualized basis and a yield of 4.68%. Northwest Natural’s payout ratio is 96.55%.

Insider Buying and Selling at Northwest Natural

In related news, CEO David Hugo Anderson sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $39.78, for a total value of $298,350.00. Following the completion of the sale, the chief executive officer now owns 144,298 shares of the company’s stock, valued at approximately $5,740,174.44. The trade was a 4.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold 23,009 shares of company stock valued at $936,978 in the last quarter. Company insiders own 0.84% of the company’s stock.

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.