2 weeks Ago By ABMN Staff
Prudential Financial Inc. trimmed its position in shares of Northwest Natural Holding ( NYSE:NWN – Free Report ) by 45.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
The fund owned 40,686 shares of the utilities provider’s stock after selling 34,100 shares during the quarter. Prudential Financial Inc.’s holdings in Northwest Natural were worth $1,610,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of NWN. Capital Advisors Ltd. LLC grew its position in Northwest Natural by 11,111.
1% during the 4th quarter. Capital Advisors Ltd. LLC now owns 1,009 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 1,000 shares during the last quarter.
LRI Investments LLC boosted its stake in Northwest Natural by 692.4% in the third quarter. LRI Investments LLC now owns 1,046 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 914 shares in the last quarter.
Wilmington Savings Fund Society FSB bought a new stake in shares of Northwest Natural during the third quarter worth $61,000. Point72 DIFC Ltd acquired a new stake in shares of Northwest Natural in the third quarter valued at $78,000. Finally, KBC Group NV raised its holdings in shares of Northwest Natural by 74.
1% in the fourth quarter. KBC Group NV now owns 2,054 shares of the utilities provider’s stock valued at $81,000 after buying an additional 874 shares during the last quarter. Institutional investors and hedge funds own 75.
13% of the company’s stock. Insider Buying and Selling In other Northwest Natural news, CEO David Hugo Anderson sold 7,500 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $41.
46, for a total value of $310,950.00. Following the transaction, the chief executive officer now owns 117,382 shares of the company’s stock, valued at approximately $4,866,657.
72. This represents a 6.01 % decrease in their ownership of the stock.
The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website . Also, VP David A. Weber sold 2,183 shares of the company’s stock in a transaction dated Monday, March 31st.
The shares were sold at an average price of $42.46, for a total value of $92,690.18.
Following the completion of the sale, the vice president now directly owns 255 shares of the company’s stock, valued at approximately $10,827.30. This trade represents a 89.
54 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders sold a total of 25,192 shares of company stock worth $1,042,268 over the last three months.
0.84% of the stock is currently owned by company insiders. Northwest Natural Stock Down 5.
3 % Northwest Natural ( NYSE:NWN – Get Free Report ) last issued its quarterly earnings results 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). Northwest Natural had a net margin of 6.
90% and a return on equity of 5.89%. The company had revenue of $370.
90 million during the quarter, compared to analyst estimates of $395.05 million. During the same period in the prior year, the business earned $1.
21 EPS. The business’s revenue for the quarter was up 4.3% on a year-over-year basis.
As a group, research analysts forecast that Northwest Natural Holding will post 2.33 EPS for the current fiscal year. Northwest Natural Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Friday, February 14th.
Investors of record on Friday, January 31st were issued a $0.49 dividend. This represents a $1.
96 annualized dividend and a yield of 4.77%. The ex-dividend date of this dividend was Friday, January 31st.
Northwest Natural’s dividend payout ratio is 96.55%. Northwest Natural Profile ( 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. Featured Stories 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 ).
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