Wedge Capital Management L L P NC Has $2.23 Million Stake in Northwest Natural Holding (NYSE:NWN)

Wedge Capital Management L L P NC grew its holdings in shares of Northwest Natural Holding (NYSE:NWN) by 5.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,244 shares of the utilities provider’s stock after buying an additional 2,760 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Northwest Natural were worth $2,225,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. raised its holdings in Northwest Natural by 2.3% during the third quarter. Asset Management One Co. Ltd. now owns 13,978 shares of the utilities provider’s stock worth $571,000 after acquiring an additional 309 shares in the last quarter. Guardian Wealth Management Inc. increased its position in shares of Northwest Natural by 3.2% during the 3rd quarter. Guardian Wealth Management Inc. now owns 12,401 shares of the utilities provider’s stock worth $506,000 after purchasing an additional 389 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Northwest Natural by 55.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,235 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 439 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Northwest Natural by 1.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 29,507 shares of the utilities provider’s stock valued at $1,204,000 after buying an additional 457 shares in the last quarter. Finally, Code Waechter LLC increased its holdings in Northwest Natural by 2.8% during the fourth quarter. Code Waechter LLC now owns 24,295 shares of the utilities provider’s stock worth $961,000 after buying an additional 668 shares during the last quarter. 75.13% of the stock is owned by institutional investors.

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 stock was sold at an average price of $39.78, for a total value of $298,350.00. Following the completion of the transaction, the chief executive officer now owns 144,298 shares of the company’s stock, valued at $5,740,174.44. The trade was a 4.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.84% of the company’s stock.

Northwest Natural Trading Up 0.5 %

Shares of NYSE:NWN opened at $40.37 on Monday. The stock has a market cap of $1.62 billion, a PE ratio of 19.04 and a beta of 0.62. The business has a 50 day moving average of $40.94 and a 200-day moving average of $39.95. 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 Holding has a 12-month low of $34.82 and a 12-month high of $44.25.

Northwest Natural (NYSE:NWN) last posted its earnings results on Tuesday, November 12th. The utilities provider reported ($0.71) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.79) by $0.08. The company had revenue of $136.90 million during the quarter, compared to the consensus estimate of $132.47 million. Northwest Natural had a return on equity of 5.89% and a net margin of 6.90%. The company’s revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.65) earnings per share. As a group, equities research analysts forecast that Northwest Natural Holding will post 2.33 earnings per share for the current year.

Northwest Natural Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a $0.49 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.96 annualized dividend and a yield of 4.86%. Northwest Natural’s dividend payout ratio is presently 92.45%.

Wall Street Analyst Weigh In

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

Northwest Natural 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.