Raymond James & Associates lifted its position in Northwest Natural Holding (NYSE:NWN – Free Report) by 4.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,512 shares of the utilities provider’s stock after purchasing an additional 1,004 shares during the quarter. Raymond James & Associates’ holdings in Northwest Natural were worth $859,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Spirit of America Management Corp NY lifted its holdings in shares of Northwest Natural by 52.0% during the 3rd quarter. Spirit of America Management Corp NY now owns 1,900 shares of the utilities provider’s stock worth $73,000 after acquiring an additional 650 shares during the period. Exchange Traded Concepts LLC lifted its stake in Northwest Natural by 1.9% during the third quarter. Exchange Traded Concepts LLC now owns 99,648 shares of the utilities provider’s stock worth $3,803,000 after purchasing an additional 1,850 shares during the period. Summit Global Investments boosted its holdings in Northwest Natural by 16.2% during the third quarter. Summit Global Investments now owns 29,527 shares of the utilities provider’s stock valued at $1,127,000 after purchasing an additional 4,127 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Northwest Natural in the 3rd quarter valued at approximately $812,000. Finally, Legato Capital Management LLC raised its holdings in shares of Northwest Natural by 26.3% in the 3rd quarter. Legato Capital Management LLC now owns 7,544 shares of the utilities provider’s stock worth $288,000 after buying an additional 1,569 shares in the last quarter. 73.88% of the stock is owned by institutional investors.
Northwest Natural Trading Down 2.0 %
Shares of NWN opened at $37.72 on Wednesday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.70 and a current ratio of 0.86. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 3.78 and a beta of 0.58. The stock has a fifty day moving average price of $38.37 and a two-hundred day moving average price of $39.25. Northwest Natural Holding has a 52-week low of $35.72 and a 52-week high of $52.39.
Northwest Natural Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be issued a $0.488 dividend. This represents a $1.95 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date of this dividend is Tuesday, January 30th. Northwest Natural’s dividend payout ratio is currently 70.91%.
Analyst Ratings Changes
A number of analysts have weighed in on NWN shares. StockNews.com started coverage on Northwest Natural in a research report on Thursday, October 5th. They issued a “sell” rating on the stock. Guggenheim lowered their target price on shares of Northwest Natural from $42.00 to $37.00 in a report on Monday, October 9th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $46.75.
About Northwest Natural
Northwest Natural Holding Company, through its subsidiary, Northwest Natural Gas Company, provides regulated natural gas distribution services to residential, commercial, industrial, and transportation customers in Oregon and Southwest Washington. The company operates Mist gas storage facility contracted to other utilities and third-party marketers; offers natural gas asset management services; and operates an appliance retail center.
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