Infrastructure Capital Advisors LLC increased its holdings in Northwest Natural Holding (NYSE:NWN – Free Report) by 75.0% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 9,625 shares of the utilities provider’s stock after buying an additional 4,125 shares during the quarter. Infrastructure Capital Advisors LLC’s holdings in Northwest Natural were worth $458,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the business. New York Life Investment Management LLC raised its holdings in shares of Northwest Natural by 12.7% during the fourth quarter. New York Life Investment Management LLC now owns 10,970 shares of the utilities provider’s stock valued at $522,000 after purchasing an additional 1,238 shares during the last quarter. Martingale Asset Management L P lifted its holdings in shares of Northwest Natural by 8.5% during the 4th quarter. Martingale Asset Management L P now owns 38,355 shares of the utilities provider’s stock valued at $1,825,000 after buying an additional 2,991 shares during the period. Guardian Wealth Management Inc. boosted its stake in shares of Northwest Natural by 11.5% in the 1st quarter. Guardian Wealth Management Inc. now owns 10,260 shares of the utilities provider’s stock worth $488,000 after buying an additional 1,060 shares during the last quarter. Independent Advisor Alliance grew its holdings in shares of Northwest Natural by 3.0% in the first quarter. Independent Advisor Alliance now owns 11,271 shares of the utilities provider’s stock worth $536,000 after acquiring an additional 329 shares during the period. Finally, Watershed Asset Management L.L.C. purchased a new stake in Northwest Natural during the first quarter valued at $283,000. Hedge funds and other institutional investors own 73.88% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the company. StockNews.com began coverage on Northwest Natural in a research report on Wednesday, August 23rd. They issued a “sell” rating on the stock. Wells Fargo & Company cut their target price on shares of Northwest Natural from $50.00 to $46.00 and set an “equal weight” rating for the company in a research report on Friday, August 4th. Guggenheim decreased their price target on shares of Northwest Natural from $45.00 to $42.00 in a research report on Friday, July 7th. TheStreet cut shares of Northwest Natural from a “b-” rating to a “c+” rating in a research note on Tuesday. Finally, Stifel Nicolaus upped their price objective on Northwest Natural from $57.00 to $59.00 in a research note on Wednesday, May 17th. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $48.00.
Northwest Natural Trading Up 0.5 %
Shares of NYSE:NWN opened at $39.31 on Friday. Northwest Natural Holding has a 12-month low of $37.79 and a 12-month high of $52.39. The company has a market cap of $1.42 billion, a PE ratio of 13.84, a price-to-earnings-growth ratio of 3.90 and a beta of 0.60. The stock has a 50 day moving average of $41.52 and a 200 day moving average of $44.31. The company has a current ratio of 0.80, a quick ratio of 0.68 and a debt-to-equity ratio of 1.04.
Northwest Natural (NYSE:NWN – Get Free Report) last announced its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.10. Northwest Natural had a net margin of 8.49% and a return on equity of 8.47%. The firm had revenue of $237.86 million during the quarter, compared to analysts’ expectations of $211.65 million. As a group, equities research analysts expect that Northwest Natural Holding will post 2.69 EPS for the current year.
Northwest Natural Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st were given a $0.485 dividend. The ex-dividend date was Friday, July 28th. This represents a $1.94 annualized dividend and a dividend yield of 4.94%. Northwest Natural’s payout ratio is 68.31%.
Northwest Natural Company Profile
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.
Recommended Stories
- Five stocks we like better than Northwest Natural
- What Are the FAANG Stocks and Are They Good Investments?
- The Best 5 Small Cap AI Companies to Buy Now
- ETF Screener: Uses and Step-by-Step Guide
- Miso Robotics Stock: Is an IPO Coming Soon?
- What Does Downgrade Mean in Investing?
- 3 Stocks to Play the Easing Food Supply Chain
Want to see what other hedge funds are holding NWN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northwest Natural Holding (NYSE:NWN – Free Report).
Receive News & Ratings for Northwest Natural Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northwest Natural and related companies with MarketBeat.com's FREE daily email newsletter.
