Enterprise Financial Services Corp increased its holdings in shares of Northwest Natural Holding Co (NYSE:NWN) by 3,479.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,396 shares of the utilities provider’s stock after purchasing an additional 1,357 shares during the period. Enterprise Financial Services Corp’s holdings in Northwest Natural were worth $92,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Northwest Natural in the first quarter valued at approximately $538,000. Clear Harbor Asset Management LLC acquired a new stake in shares of Northwest Natural in the first quarter valued at approximately $4,898,000. Nisa Investment Advisors LLC increased its stake in shares of Northwest Natural by 4.6% in the first quarter. Nisa Investment Advisors LLC now owns 9,100 shares of the utilities provider’s stock valued at $597,000 after purchasing an additional 400 shares during the period. Confluence Investment Management LLC increased its stake in shares of Northwest Natural by 4.1% in the first quarter. Confluence Investment Management LLC now owns 93,816 shares of the utilities provider’s stock valued at $6,157,000 after purchasing an additional 3,723 shares during the period. Finally, Whitehelm Capital Pty Ltd increased its stake in shares of Northwest Natural by 15.0% in the first quarter. Whitehelm Capital Pty Ltd now owns 38,225 shares of the utilities provider’s stock valued at $2,509,000 after purchasing an additional 4,983 shares during the period. 68.98% of the stock is owned by hedge funds and other institutional investors.
NWN has been the topic of several analyst reports. TheStreet upgraded shares of Northwest Natural from a “c” rating to a “b-” rating in a research note on Friday, March 1st. Zacks Investment Research upgraded shares of Northwest Natural from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research note on Thursday, February 7th. Wells Fargo & Co raised their price target on shares of Northwest Natural from $65.00 to $67.00 and gave the company a “market perform” rating in a research note on Monday, March 4th. Finally, Maxim Group set a $72.00 price objective on shares of Northwest Natural and gave the company a “buy” rating in a report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $65.75.
In related news, insider Kimberly A. Heiting sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $64.00, for a total transaction of $256,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director C Scott Gibson sold 1,746 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $65.31, for a total transaction of $114,031.26. The disclosure for this sale can be found here. Insiders have sold 28,846 shares of company stock valued at $1,869,082 over the last 90 days. 1.14% of the stock is currently owned by insiders.
Shares of Northwest Natural stock traded up $0.56 on Wednesday, hitting $69.88. The company had a trading volume of 60,669 shares, compared to its average volume of 118,388. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.52 and a quick ratio of 0.48. The stock has a market capitalization of $2.02 billion, a PE ratio of 29.99, a price-to-earnings-growth ratio of 6.54 and a beta of 0.40. Northwest Natural Holding Co has a 52 week low of $56.90 and a 52 week high of $71.81.
Northwest Natural (NYSE:NWN) last posted its quarterly earnings data on Friday, March 1st. The utilities provider reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.09. The business had revenue of $226.70 million during the quarter. Northwest Natural had a net margin of 9.10% and a return on equity of 9.86%. On average, analysts forecast that Northwest Natural Holding Co will post 2.37 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend was Monday, April 29th. Northwest Natural’s payout ratio is 81.55%.
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About Northwest Natural
Northwest Natural Holding Company, through its subsidiary, Northwest Natural Gas Company, provides regulated natural gas distribution services to residential, commercial, and industrial customers in Oregon and Southwest Washington. It is also involved in the gas storage activities, water businesses, and other investments and activities.
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