Northwest Natural Holding (NYSE:NWN) Shares Purchased by Advisors Asset Management Inc.

Advisors Asset Management Inc. increased its holdings in shares of Northwest Natural Holding (NYSE:NWN) by 27.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 133,108 shares of the utilities provider’s stock after buying an additional 28,994 shares during the period. Advisors Asset Management Inc. owned about 0.33% of Northwest Natural worth $5,266,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in NWN. Thompson Siegel & Walmsley LLC purchased a new stake in shares of Northwest Natural during the third quarter worth $12,250,000. Glenmede Trust Co. NA purchased a new stake in Northwest Natural during the 3rd quarter worth about $7,390,000. Foundry Partners LLC acquired a new stake in Northwest Natural in the 3rd quarter valued at about $5,068,000. JPMorgan Chase & Co. boosted its stake in shares of Northwest Natural by 47.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 384,324 shares of the utilities provider’s stock valued at $15,688,000 after buying an additional 123,961 shares during the period. Finally, State Street Corp grew its position in shares of Northwest Natural by 2.9% during the third quarter. State Street Corp now owns 1,817,813 shares of the utilities provider’s stock worth $74,203,000 after buying an additional 51,391 shares in the last quarter. 75.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO David Hugo Anderson sold 7,500 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $41.33, for a total value of $309,975.00. Following the completion of the transaction, the chief executive officer now owns 137,742 shares in the company, valued at approximately $5,692,876.86. This represents a 5.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders have sold 23,009 shares of company stock worth $936,978. 0.84% of the stock is currently owned by insiders.

Northwest Natural Stock Up 0.2 %

NWN stock opened at $42.06 on Thursday. Northwest Natural Holding has a fifty-two week low of $34.82 and a fifty-two week high of $44.25. The company’s 50 day moving average price is $40.75 and its 200 day moving average price is $40.59. 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 firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 19.84 and a beta of 0.59.

Northwest Natural (NYSE:NWN) last announced its quarterly earnings data on Friday, February 28th. The utilities provider reported $1.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.01). The firm had revenue of $370.90 million during the quarter, compared to analyst estimates of $395.05 million. Northwest Natural had a net margin of 6.90% and a return on equity of 5.89%. Northwest Natural’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.21 earnings per share. On average, equities research analysts anticipate that Northwest Natural Holding will post 2.33 EPS for the current fiscal year.

Northwest Natural Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.96 annualized dividend and a dividend yield of 4.66%. Northwest Natural’s dividend payout ratio is currently 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.