Northwest Natural Holding (NYSE:NWN) Stake Lessened by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its holdings in shares of Northwest Natural Holding (NYSE:NWN) by 39.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,547 shares of the utilities provider’s stock after selling 6,194 shares during the period. Nisa Investment Advisors LLC’s holdings in Northwest Natural were worth $372,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Ronald Blue Trust Inc. bought a new stake in Northwest Natural during the third quarter worth approximately $31,000. Belpointe Asset Management LLC boosted its holdings in Northwest Natural by 185.7% during the first quarter. Belpointe Asset Management LLC now owns 820 shares of the utilities provider’s stock worth $39,000 after buying an additional 533 shares in the last quarter. FMR LLC boosted its holdings in Northwest Natural by 23.8% during the first quarter. FMR LLC now owns 1,452 shares of the utilities provider’s stock worth $69,000 after buying an additional 279 shares in the last quarter. Spirit of America Management Corp NY boosted its holdings in Northwest Natural by 52.0% during the third quarter. Spirit of America Management Corp NY now owns 1,900 shares of the utilities provider’s stock worth $73,000 after buying an additional 650 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Northwest Natural by 45.5% during the third quarter. Tower Research Capital LLC TRC now owns 1,781 shares of the utilities provider’s stock worth $78,000 after buying an additional 557 shares in the last quarter. 75.13% of the stock is currently owned by institutional investors.

Northwest Natural Stock Up 1.9 %

Shares of NYSE:NWN opened at $36.58 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.70 and a current ratio of 0.86. The company has a market cap of $1.39 billion, a PE ratio of 14.07 and a beta of 0.57. Northwest Natural Holding has a 52 week low of $34.95 and a 52 week high of $48.37. The firm has a 50 day simple moving average of $36.70 and a 200 day simple moving average of $37.58.

Northwest Natural (NYSE:NWN) last issued its quarterly earnings results on Friday, February 23rd. The utilities provider reported $1.21 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.10). Northwest Natural had a net margin of 7.84% and a return on equity of 7.52%. The firm had revenue of $355.71 million during the quarter, compared to analysts’ expectations of $368.78 million. During the same quarter last year, the company posted $1.36 EPS. As a group, research analysts expect that Northwest Natural Holding will post 2.27 earnings per share for the current year.

Northwest Natural Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a $0.488 dividend. The ex-dividend date is Monday, April 29th. This represents a $1.95 dividend on an annualized basis and a yield of 5.34%. Northwest Natural’s payout ratio is 75.00%.

Analyst Upgrades and Downgrades

Separately, Janney Montgomery Scott started coverage on shares of Northwest Natural in a report on Wednesday, January 31st. They set a “neutral” rating and a $39.00 target price for the company. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, Northwest Natural presently has a consensus rating of “Hold” and an average price target of $45.20.

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 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.