Commonwealth of Pennsylvania Public School Empls Retrmt SYS Boosts Stake in Northwest Natural Holding (NYSE:NWN)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Northwest Natural Holding (NYSE:NWN) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 72,933 shares of the utilities provider’s stock after acquiring an additional 1,277 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.18% of Northwest Natural worth $2,885,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Capital Advisors Ltd. LLC grew its position in shares of Northwest Natural by 11,111.1% in the fourth quarter. Capital Advisors Ltd. LLC now owns 1,009 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 1,000 shares in the last quarter. LRI Investments LLC grew its holdings in Northwest Natural by 692.4% in the 3rd 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 in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Northwest Natural in the 3rd quarter worth $61,000. Point72 DIFC Ltd purchased a new position in shares of Northwest Natural during the 3rd quarter worth $78,000. Finally, KBC Group NV boosted its position in shares of Northwest Natural by 74.1% during the 4th quarter. KBC Group NV now owns 2,054 shares of the utilities provider’s stock valued at $81,000 after acquiring an additional 874 shares during the last quarter. Hedge funds and other institutional investors own 75.13% of the company’s stock.

Insider Buying and Selling

In related news, CEO David Hugo Anderson sold 7,500 shares of Northwest Natural stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $40.97, for a total value of $307,275.00. Following the completion of the sale, the chief executive officer now owns 130,242 shares in the company, valued at approximately $5,336,014.74. This trade represents a 5.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders sold 15,509 shares of company stock valued at $638,628. 0.84% of the stock is currently owned by insiders.

Northwest Natural Trading Up 0.1 %

Shares of NWN opened at $41.31 on Tuesday. 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 firm has a 50-day moving average price of $40.91 and a 200 day moving average price of $40.63. Northwest Natural Holding has a 12-month low of $34.82 and a 12-month high of $44.25. The firm has a market capitalization of $1.66 billion, a P/E ratio of 19.49 and a beta of 0.59.

Northwest Natural (NYSE:NWN) last announced its quarterly earnings results on Friday, February 28th. The utilities provider reported $1.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.01). The firm had revenue of $370.90 million for the quarter, compared to analyst estimates of $395.05 million. Northwest Natural had a return on equity of 5.89% and a net margin of 6.90%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.21 EPS. Sell-side analysts forecast that Northwest Natural Holding will post 2.33 EPS for the current year.

Northwest Natural Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date was Friday, January 31st. Northwest Natural’s dividend payout ratio is presently 96.55%.

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.