Brandes Investment Partners LP Has $3.57 Million Stock Position in Northwest Natural Holding (NYSE:NWN)

Brandes Investment Partners LP grew its position in shares of Northwest Natural Holding (NYSE:NWN) by 13.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,122 shares of the utilities provider’s stock after acquiring an additional 10,630 shares during the quarter. Brandes Investment Partners LP owned about 0.22% of Northwest Natural worth $3,565,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of NWN. Advisors Asset Management Inc. increased its holdings in shares of Northwest Natural by 143.4% during the third quarter. Advisors Asset Management Inc. now owns 104,114 shares of the utilities provider’s stock valued at $4,250,000 after acquiring an additional 61,345 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of Northwest Natural during the third quarter valued at approximately $532,000. Foundry Partners LLC bought a new stake in shares of Northwest Natural during the third quarter valued at approximately $5,068,000. Thompson Siegel & Walmsley LLC bought a new stake in shares of Northwest Natural during the third quarter valued at approximately $12,250,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Northwest Natural by 5.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 568,991 shares of the utilities provider’s stock valued at $23,226,000 after acquiring an additional 29,682 shares in the last quarter. Institutional investors own 75.13% of the company’s stock.

Northwest Natural Trading Up 1.7 %

NYSE NWN opened at $41.83 on Friday. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 19.73 and a beta of 0.59. Northwest Natural Holding has a 52 week low of $34.82 and a 52 week high of $44.25. The business has a 50 day moving average price of $40.56 and a 200-day moving average price of $40.55. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 1.15.

Northwest Natural (NYSE:NWN) last released its quarterly earnings data on Friday, February 28th. The utilities provider reported $1.41 EPS for the quarter, missing the consensus estimate of $1.42 by ($0.01). The firm 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%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.21 EPS. As a group, equities analysts expect that Northwest Natural Holding will post 2.33 earnings per share for the current fiscal year.

Northwest Natural Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a dividend of $0.49 per share. The ex-dividend date was Friday, January 31st. This represents a $1.96 annualized dividend and a dividend yield of 4.69%. Northwest Natural’s payout ratio is 96.55%.

Insider Activity at Northwest Natural

In related news, CEO David Hugo Anderson sold 7,500 shares of Northwest Natural stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $39.78, for a total transaction of $298,350.00. Following the transaction, the chief executive officer now owns 144,298 shares of the company’s stock, valued at $5,740,174.44. The trade was a 4.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 23,009 shares of company stock valued at $936,978 over the last 90 days. 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.