Northwest Natural (NYSE:NWN) Reaches New 1-Year Low at $34.84

Northwest Natural Holding (NYSE:NWNGet Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $34.84 and last traded at $34.86, with a volume of 109612 shares traded. The stock had previously closed at $35.45.

Analyst Ratings Changes

Several research firms have recently weighed in on NWN. Stifel Nicolaus lifted their price target on shares of Northwest Natural from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. StockNews.com raised shares of Northwest Natural from a “sell” rating to a “hold” rating in a research note on Wednesday, June 12th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $41.40.

Check Out Our Latest Stock Report on Northwest Natural

Northwest Natural Trading Down 1.2 %

The company has a market capitalization of $1.33 billion, a PE ratio of 15.55 and a beta of 0.57. The company’s fifty day moving average is $37.23 and its 200-day moving average is $37.50. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.15 and a quick ratio of 0.93.

Northwest Natural (NYSE:NWNGet Free Report) last issued its quarterly earnings data on Monday, May 6th. The utilities provider reported $1.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.82 by ($0.13). The business had revenue of $433.50 million for the quarter, compared to analysts’ expectations of $447.81 million. Northwest Natural had a net margin of 7.36% and a return on equity of 6.76%. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.01 earnings per share. On average, analysts anticipate that Northwest Natural Holding will post 2.28 EPS for the current fiscal year.

Northwest Natural Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were issued a dividend of $0.488 per share. This represents a $1.95 annualized dividend and a yield of 5.57%. The ex-dividend date of this dividend was Monday, April 29th. Northwest Natural’s payout ratio is 85.53%.

Hedge Funds Weigh In On Northwest Natural

Several institutional investors and hedge funds have recently bought and sold shares of the company. EntryPoint Capital LLC acquired a new position in Northwest Natural during the first quarter valued at $32,000. CWM LLC raised its position in shares of Northwest Natural by 686.5% in the first quarter. CWM LLC now owns 1,046 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 913 shares during the period. Geneos Wealth Management Inc. acquired a new position in shares of Northwest Natural in the first quarter worth about $48,000. Clarity Asset Management Inc. acquired a new position in shares of Northwest Natural in the fourth quarter worth about $63,000. Finally, Sunbelt Securities Inc. acquired a new position in shares of Northwest Natural in the first quarter worth about $93,000. 75.13% of the stock is owned by hedge funds and other institutional investors.

Northwest Natural Company Profile

(Get Free Report)

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.

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