Northwest Natural Holding (NYSE:NWN) Stock Holdings Lifted by Code Waechter LLC

Code Waechter LLC increased its position in Northwest Natural Holding (NYSE:NWN) by 2.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 24,295 shares of the utilities provider’s stock after purchasing an additional 668 shares during the period. Northwest Natural comprises about 0.8% of Code Waechter LLC’s investment portfolio, making the stock its 29th biggest holding. Code Waechter LLC’s holdings in Northwest Natural were worth $961,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NWN. Nordea Investment Management AB increased its holdings in shares of Northwest Natural by 26.4% in the 4th quarter. Nordea Investment Management AB now owns 125,032 shares of the utilities provider’s stock valued at $4,959,000 after purchasing an additional 26,152 shares during the period. JPMorgan Chase & Co. increased its stake in Northwest Natural by 47.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 384,324 shares of the utilities provider’s stock valued at $15,688,000 after buying an additional 123,961 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Northwest Natural in the 3rd quarter worth approximately $61,000. Sanctuary Advisors LLC acquired a new stake in shares of Northwest Natural during the 3rd quarter valued at $270,000. Finally, Geode Capital Management LLC boosted its stake in shares of Northwest Natural by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 884,205 shares of the utilities provider’s stock valued at $36,101,000 after buying an additional 15,289 shares during the period. Institutional investors and hedge funds own 75.13% of the company’s stock.

Northwest Natural Trading Up 1.1 %

NYSE:NWN opened at $38.73 on Tuesday. The company has a market capitalization of $1.55 billion, a P/E ratio of 18.27 and a beta of 0.62. The stock’s 50 day moving average price is $40.98 and its 200 day moving average price is $39.83. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.53 and a current ratio of 0.72. Northwest Natural Holding has a 52 week low of $34.82 and a 52 week high of $44.25.

Northwest Natural (NYSE:NWN) last released its quarterly earnings data on Tuesday, November 12th. The utilities provider reported ($0.71) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.79) by $0.08. Northwest Natural had a net margin of 6.90% and a return on equity of 5.89%. The business had revenue of $136.90 million during the quarter, compared to analyst estimates of $132.47 million. During the same quarter in the previous year, the business earned ($0.65) EPS. Northwest Natural’s quarterly revenue was down 3.3% compared to the same quarter last year. On average, research analysts forecast that Northwest Natural Holding will post 2.33 EPS for the current fiscal year.

Insider Activity

In related news, CEO David Hugo Anderson sold 7,500 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $39.78, for a total transaction of $298,350.00. Following the completion of the sale, the chief executive officer now directly owns 144,298 shares of the company’s stock, valued at approximately $5,740,174.44. This represents a 4.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.84% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

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.