Northwest Natural Holding (NYSE:NWN) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P reduced its position in shares of Northwest Natural Holding (NYSE:NWN) by 2.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 48,833 shares of the utilities provider’s stock after selling 1,291 shares during the quarter. Martingale Asset Management L P’s holdings in Northwest Natural were worth $1,932,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of NWN. Vanguard Group Inc. raised its position in shares of Northwest Natural by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 4,713,729 shares of the utilities provider’s stock valued at $186,475,000 after buying an additional 28,078 shares during the period. State Street Corp raised its position in Northwest Natural by 2.9% in the third quarter. State Street Corp now owns 1,817,813 shares of the utilities provider’s stock valued at $74,203,000 after purchasing an additional 51,391 shares during the period. Geode Capital Management LLC lifted its stake in shares of Northwest Natural by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 908,715 shares of the utilities provider’s stock valued at $35,958,000 after purchasing an additional 24,510 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Northwest Natural by 8.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 615,126 shares of the utilities provider’s stock worth $24,334,000 after purchasing an additional 46,135 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Northwest Natural by 3.8% during the 4th quarter. Bank of New York Mellon Corp now owns 454,248 shares of the utilities provider’s stock worth $17,970,000 after purchasing an additional 16,497 shares during the last quarter. 75.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Northwest Natural

In other Northwest Natural news, CEO David Hugo Anderson sold 7,500 shares of the 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 directly owns 130,242 shares in the company, valued at $5,336,014.74. This represents a 5.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP David A. Weber sold 2,183 shares of the business’s stock in a transaction 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 completion of the transaction, the vice president now owns 255 shares of the company’s stock, valued at approximately $10,827.30. This trade represents a 89.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,192 shares of company stock worth $1,042,268 in the last three months. 0.84% of the stock is owned by company insiders.

Northwest Natural Trading Up 0.8 %

NYSE NWN opened at $40.74 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.72 and a quick ratio of 0.53. The stock has a market capitalization of $1.64 billion, a P/E ratio of 19.22 and a beta of 0.56. The firm’s 50-day moving average is $41.31 and its two-hundred day moving average is $40.79. Northwest Natural Holding has a 12 month low of $34.82 and a 12 month high of $44.25.

Northwest Natural (NYSE:NWN) last issued its quarterly earnings data on Friday, February 28th. The utilities provider reported $1.41 EPS for the quarter, missing the consensus estimate 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 return on equity of 5.89% and a net margin of 6.90%. The business’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.21 earnings per share. On average, sell-side analysts anticipate that Northwest Natural Holding will post 2.33 earnings per share for the current year.

Northwest Natural Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 4.81%. Northwest Natural’s payout ratio is 96.55%.

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.