Northwest Natural Holding (NYSE:NWN) Shares Acquired by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Northwest Natural Holding (NYSE:NWN) by 1.8% in the 4th quarter, HoldingsChannel reports. The firm owned 72,933 shares of the utilities provider’s stock after purchasing an additional 1,277 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Northwest Natural were worth $2,885,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Capital Advisors Ltd. LLC increased its position in shares of Northwest Natural by 11,111.1% in the 4th 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 during the last quarter. LRI Investments LLC grew 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 worth $43,000 after purchasing an additional 914 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Northwest Natural in the third quarter valued at $61,000. Point72 DIFC Ltd acquired a new stake in Northwest Natural in the third quarter valued at $78,000. Finally, KBC Group NV raised its stake in Northwest Natural by 74.1% in the fourth quarter. KBC Group NV now owns 2,054 shares of the utilities provider’s stock valued at $81,000 after buying an additional 874 shares in the last quarter. 75.13% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Northwest Natural

In other Northwest Natural news, CEO David Hugo Anderson sold 7,500 shares of Northwest Natural stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $40.97, for a total transaction of $307,275.00. Following the transaction, the chief executive officer now owns 130,242 shares of the company’s stock, valued at $5,336,014.74. The trade was a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold a total of 15,509 shares of company stock valued at $638,628 over the last ninety days. Insiders own 0.84% of the company’s stock.

Northwest Natural Trading Up 0.1 %

NYSE:NWN opened at $41.31 on Tuesday. Northwest Natural Holding has a 1 year low of $34.82 and a 1 year high of $44.25. The stock has a market cap of $1.66 billion, a P/E ratio of 19.49 and a beta of 0.59. 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 stock has a 50-day simple moving average of $40.91 and a 200-day simple moving average of $40.63.

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). Northwest Natural had a net margin of 6.90% and a return on equity of 5.89%. The business had revenue of $370.90 million during the quarter, compared to analyst estimates of $395.05 million. During the same period last year, the company earned $1.21 earnings per share. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, analysts anticipate that Northwest Natural Holding will post 2.33 earnings per share for the current fiscal year.

Northwest Natural Announces Dividend

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

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.