Orion Portfolio Solutions LLC purchased a new position in Northwest Natural Holding Co (NYSE:NWN) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,141 shares of the utilities provider’s stock, valued at approximately $84,000.

Other institutional investors also recently bought and sold shares of the company. Great West Life Assurance Co. Can acquired a new position in Northwest Natural during the fourth quarter worth $3,747,000. Metropolitan Life Insurance Co NY lifted its holdings in shares of Northwest Natural by 2.6% during the third quarter. Metropolitan Life Insurance Co NY now owns 9,346 shares of the utilities provider’s stock worth $667,000 after buying an additional 240 shares in the last quarter. State Street Corp boosted its position in shares of Northwest Natural by 0.6% in the third quarter. State Street Corp now owns 893,820 shares of the utilities provider’s stock valued at $63,765,000 after acquiring an additional 5,521 shares during the period. Citigroup Inc. grew its stake in shares of Northwest Natural by 7.2% in the fourth quarter. Citigroup Inc. now owns 25,182 shares of the utilities provider’s stock valued at $1,857,000 after acquiring an additional 1,689 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in Northwest Natural by 10.1% during the fourth quarter. California Public Employees Retirement System now owns 68,577 shares of the utilities provider’s stock worth $5,056,000 after acquiring an additional 6,272 shares during the period. Institutional investors own 76.20% of the company’s stock.

In related news, Director C Scott Gibson sold 1,796 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $67.84, for a total value of $121,840.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO David Hugo Anderson sold 666 shares of Northwest Natural stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $73.52, for a total value of $48,964.32. Following the completion of the transaction, the chief executive officer now directly owns 78,105 shares of the company’s stock, valued at approximately $5,742,279.60. The disclosure for this sale can be found here. Corporate insiders own 1.14% of the company’s stock.

NWN stock traded up $4.84 during trading on Thursday, hitting $62.37. 216,121 shares of the company traded hands, compared to its average volume of 305,136. The company has a 50-day moving average of $68.71 and a 200-day moving average of $70.08. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.52 and a current ratio of 0.61. Northwest Natural Holding Co has a 1 year low of $50.49 and a 1 year high of $77.26. The firm has a market capitalization of $1.72 billion, a PE ratio of 29.58 and a beta of 0.42.

Northwest Natural (NYSE:NWN) last announced its quarterly earnings data on Monday, March 2nd. The utilities provider reported $1.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.04. The firm had revenue of $247.30 million during the quarter, compared to the consensus estimate of $248.12 million. Northwest Natural had a return on equity of 8.50% and a net margin of 8.28%. The business’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.24 earnings per share. Sell-side analysts expect that Northwest Natural Holding Co will post 2.35 EPS for the current year.

Several brokerages have commented on NWN. Wells Fargo & Co downgraded Northwest Natural to a “sell” rating in a research note on Tuesday, March 3rd. UBS Group cut their target price on Northwest Natural from $62.00 to $61.00 and set a “sell” rating on the stock in a research report on Tuesday, March 3rd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $70.43.

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 Oregon and Southwest Washington. It is also involved in the gas storage activities, water businesses, and other investments and activities.

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Institutional Ownership by Quarter for Northwest Natural (NYSE:NWN)

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