2 weeks Ago By Defense World Staff
Raymond James Financial Inc. acquired a new position in shares of Northwest Natural Holding (NYSE:NWN – Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 29,088 shares of the utilities provider’s stock, valued at approximately $1,151,000.
Raymond James Financial Inc. owned approximately 0.07% of Northwest Natural at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC boosted its holdings in shares of Northwest Natural by 11,111.
1% during the fourth quarter. Capital Advisors Ltd. LLC now owns 1,009 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 1,000 shares during the last quarter.
LRI Investments LLC lifted its position in Northwest Natural by 692.4% during the third quarter. LRI Investments LLC now owns 1,046 shares of the utilities provider’s stock worth $43,000 after buying an additional 914 shares during the period.
Wilmington Savings Fund Society FSB acquired a new stake in Northwest Natural in the 3rd quarter worth about $61,000. Point72 DIFC Ltd purchased a new stake in Northwest Natural in the 3rd quarter valued at about $78,000. Finally, KBC Group NV increased its stake in shares of Northwest Natural by 74.
1% during the 4th quarter. KBC Group NV now owns 2,054 shares of the utilities provider’s stock valued at $81,000 after acquiring an additional 874 shares during the last quarter. Institutional investors and hedge funds own 75.
13% of the company’s stock. Northwest Natural Price PerformanceNWN opened at $43.35 on Friday.
Northwest Natural Holding has a 1 year low of $34.82 and a 1 year high of $44.25.
The company’s 50 day simple moving average is $41.27 and its 200 day simple moving average is $40.77.
The stock has a market capitalization of $1.74 billion, a PE ratio of 20.45 and a beta of 0.
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. Northwest Natural (NYSE:NWN – Get Free Report) last announced 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). The company 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%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year.
During the same quarter last year, the business earned $1.21 EPS. As a group, sell-side analysts expect that Northwest Natural Holding will post 2.
33 EPS for the current year. Northwest Natural Dividend AnnouncementThe firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a dividend of $0.
49 per share. The ex-dividend date was Friday, January 31st. This represents a $1.
96 dividend on an annualized basis and a yield of 4.52%. Northwest Natural’s dividend payout ratio (DPR) is 96.
55%. Insiders Place Their BetsIn related news, VP David A. Weber sold 2,183 shares of the business’s stock in a transaction that occurred on Monday, March 31st.
The stock was sold at an average price of $42.46, for a total transaction of $92,690.18.
Following the transaction, the vice president now directly owns 255 shares of the company’s stock, valued at approximately $10,827.30. The trade was a 89.
54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO David Hugo Anderson sold 7,500 shares of Northwest Natural stock in a transaction that occurred on Thursday, February 20th.
The shares were sold at an average price of $40.97, for a total transaction of $307,275.00.
Following the sale, the chief executive officer now owns 130,242 shares in the company, valued at $5,336,014.74. This represents a 5.
44 % decrease in their position. 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 ninety days.
0.84% of the stock is owned by company insiders. Northwest Natural Company 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 ArticlesFive stocks we like better than Northwest NaturalHow to Calculate Options ProfitsShares of RH Down Nearly 40%: Where Investors Can Turn To NowWhat Do S&P 500 Stocks Tell Investors About the Market? Tariffs, Spin-Out, and R2 Updates Are Positive Signs for RivianRide Out The Recession With These Dividend Kings Cathie Wood Loads Up on Baidu—Is It the Right Time to Buy?.
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