Capital Advisors Ltd. LLC Grows Holdings in Northwest Natural Holding (NYSE:NWN)

Capital Advisors Ltd. LLC raised its position in Northwest Natural Holding (NYSE:NWN) by 11,111.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,009 shares of the utilities provider’s stock after purchasing an additional 1,000 shares during the period. Capital Advisors Ltd. LLC’s holdings in Northwest Natural were worth $40,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new position in Northwest Natural in the third quarter valued at $34,000. LRI Investments LLC increased its holdings in Northwest Natural by 692.4% in the third quarter. LRI Investments LLC now owns 1,046 shares of the utilities provider’s stock valued at $43,000 after buying an additional 914 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Northwest Natural in the third quarter valued at $61,000. Point72 DIFC Ltd acquired a new stake in shares of Northwest Natural in the third quarter valued at about $78,000. Finally, KBC Group NV grew its position 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 purchasing an additional 874 shares during the period. Hedge funds and other institutional investors own 75.13% of the company’s stock.

Analyst Ratings Changes

Separately, Stifel Nicolaus dropped their target price on shares of Northwest Natural from $45.00 to $44.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th.

Insider Activity

In related news, CEO David Hugo Anderson sold 7,500 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $39.78, for a total transaction of $298,350.00. Following the transaction, the chief executive officer now directly owns 144,298 shares in the company, valued at approximately $5,740,174.44. The trade was a 4.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 22,500 shares of company stock worth $915,600 over the last 90 days. 0.84% of the stock is currently owned by company insiders.

Northwest Natural Stock Up 0.3 %

Shares of NYSE NWN opened at $41.55 on Tuesday. The company’s 50-day simple moving average is $40.01 and its 200-day simple moving average is $40.28. Northwest Natural Holding has a 52-week low of $34.82 and a 52-week high of $44.25. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 19.60 and a beta of 0.62. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 1.15.

Northwest Natural Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a $0.49 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.96 annualized dividend and a dividend yield of 4.72%. Northwest Natural’s dividend payout ratio (DPR) is 92.45%.

Northwest Natural Company Profile

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.