Stifel Financial Corp Trims Stock Position in Northwest Natural Holding (NYSE:NWN)

Stifel Financial Corp trimmed its holdings in shares of Northwest Natural Holding (NYSE:NWN) by 11.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 222,310 shares of the utilities provider’s stock after selling 29,158 shares during the period. Stifel Financial Corp owned about 0.55% of Northwest Natural worth $8,795,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. JPMorgan Chase & Co. increased its position in Northwest Natural by 47.6% during the third quarter. JPMorgan Chase & Co. now owns 384,324 shares of the utilities provider’s stock worth $15,688,000 after buying an additional 123,961 shares in the last quarter. Nordea Investment Management AB lifted its holdings in Northwest Natural by 26.4% in the 4th quarter. Nordea Investment Management AB now owns 125,032 shares of the utilities provider’s stock valued at $4,959,000 after purchasing an additional 26,152 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Northwest Natural by 8.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 615,126 shares of the utilities provider’s stock valued at $24,334,000 after buying an additional 46,135 shares during the period. Barclays PLC boosted its position in Northwest Natural by 351.9% during the third quarter. Barclays PLC now owns 63,703 shares of the utilities provider’s stock worth $2,601,000 after acquiring an additional 49,606 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Northwest Natural during the third quarter worth approximately $270,000. 75.13% of the stock is currently owned by institutional investors and hedge funds.

Northwest Natural Trading Up 0.1 %

Shares of NWN opened at $44.01 on Monday. Northwest Natural Holding has a fifty-two week low of $34.82 and a fifty-two week high of $44.38. The stock has a fifty day moving average of $41.85 and a two-hundred day moving average of $41.05. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.53 and a current ratio of 0.72. The company has a market capitalization of $1.77 billion, a PE ratio of 20.76 and a beta of 0.56.

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 return on equity of 5.89% and a net margin of 6.90%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.21 earnings per share. As a group, analysts forecast that Northwest Natural Holding will post 2.33 EPS for the current year.

Northwest Natural Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.45%. Northwest Natural’s payout ratio is 96.55%.

Insider Buying and Selling at Northwest Natural

In related news, VP David A. Weber sold 2,183 shares of the firm’s stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $42.46, for a total transaction of $92,690.18. Following the sale, the vice president now directly owns 255 shares in the company, valued at approximately $10,827.30. This trade represents a 89.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO David Hugo Anderson sold 7,500 shares of Northwest Natural stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $41.46, for a total value of $310,950.00. Following the sale, the chief executive officer now owns 117,382 shares in the company, valued at $4,866,657.72. This represents a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,192 shares of company stock valued at $1,054,793. Company insiders own 0.84% of the company’s stock.

Northwest Natural Company 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.