Parnassus Investments CA raised its position in Northwest Natural Holding Co (NYSE:NWN) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 462,973 shares of the utilities provider’s stock after acquiring an additional 15,000 shares during the quarter. Parnassus Investments CA owned 1.61% of Northwest Natural worth $27,991,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the business. Bank of America Corp DE increased its position in shares of Northwest Natural by 3.6% during the second quarter. Bank of America Corp DE now owns 30,057 shares of the utilities provider’s stock valued at $1,918,000 after acquiring an additional 1,046 shares in the last quarter. Northern Trust Corp increased its position in shares of Northwest Natural by 1.0% during the second quarter. Northern Trust Corp now owns 360,386 shares of the utilities provider’s stock valued at $22,993,000 after acquiring an additional 3,574 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Northwest Natural by 48.1% during the third quarter. Nisa Investment Advisors LLC now owns 8,000 shares of the utilities provider’s stock valued at $535,000 after acquiring an additional 2,600 shares in the last quarter. Aperio Group LLC increased its position in shares of Northwest Natural by 11.1% during the third quarter. Aperio Group LLC now owns 24,259 shares of the utilities provider’s stock valued at $1,623,000 after acquiring an additional 2,431 shares in the last quarter. Finally, Everence Capital Management Inc. bought a new stake in shares of Northwest Natural during the third quarter valued at approximately $223,000. 67.79% of the stock is owned by institutional investors.
NWN has been the subject of several analyst reports. Zacks Investment Research raised shares of Northwest Natural from a “sell” rating to a “hold” rating in a research report on Wednesday, December 26th. Guggenheim reaffirmed a “sell” rating and issued a $49.00 target price on shares of Northwest Natural in a research report on Monday, January 7th. Finally, Maxim Group began coverage on shares of Northwest Natural in a research report on Tuesday, January 8th. They issued a “buy” rating and a $72.00 target price for the company. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $60.25.
NYSE:NWN opened at $61.65 on Tuesday. The company has a quick ratio of 0.43, a current ratio of 0.57 and a debt-to-equity ratio of 0.98. Northwest Natural Holding Co has a 12 month low of $51.50 and a 12 month high of $71.81. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 27.52, a P/E/G ratio of 5.83 and a beta of 0.40.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Thursday, January 31st will be given a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend is Wednesday, January 30th. Northwest Natural’s dividend payout ratio (DPR) is 84.82%.
In other Northwest Natural news, VP Lori L. Russell sold 1,200 shares of the stock in a transaction that occurred on Tuesday, December 11th. The shares were sold at an average price of $66.43, for a total value of $79,716.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.19% of the stock is owned by company insiders.
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Northwest Natural Company Profile
Northwest Natural Holding Company, through its subsidiary, NW Natural Gas Company, operates as a regulated natural gas distribution company. The company serves approximately 740,000 natural gas customers in Oregon and Southwest Washington through 14,000 miles of pipeline systems in the United States.
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