Graham Capital Management L.P. Buys New Position in Northwest Natural Holding (NYSE:NWN)

Graham Capital Management L.P. bought a new stake in shares of Northwest Natural Holding (NYSE:NWNGet Rating) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,458 shares of the utilities provider’s stock, valued at approximately $1,161,000. Graham Capital Management L.P. owned approximately 0.07% of Northwest Natural at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in NWN. C M Bidwell & Associates Ltd. bought a new stake in shares of Northwest Natural during the 1st quarter valued at about $36,000. KBC Group NV bought a new position in Northwest Natural in the first quarter worth approximately $97,000. Clear Harbor Asset Management LLC bought a new position in Northwest Natural in the first quarter worth approximately $207,000. IFM Investors Pty Ltd bought a new position in Northwest Natural in the first quarter worth approximately $209,000. Finally, Wedge Capital Management L L P NC bought a new position in Northwest Natural in the first quarter worth approximately $215,000. Institutional investors own 76.06% of the company’s stock.

Insider Activity at Northwest Natural

In related news, VP David A. Weber sold 1,436 shares of the stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $53.22, for a total transaction of $76,423.92. Following the completion of the sale, the vice president now directly owns 171 shares of the company’s stock, valued at $9,100.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Northwest Natural news, VP David A. Weber sold 1,436 shares of the firm’s stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $53.22, for a total value of $76,423.92. Following the completion of the sale, the vice president now directly owns 171 shares of the company’s stock, valued at $9,100.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David Hugo Anderson sold 1,127 shares of the firm’s stock in a transaction on Wednesday, June 22nd. The stock was sold at an average price of $52.44, for a total value of $59,099.88. Following the completion of the sale, the chief executive officer now directly owns 125,675 shares of the company’s stock, valued at $6,590,397. The disclosure for this sale can be found here. 0.84% of the stock is currently owned by company insiders.

Northwest Natural Stock Performance

Shares of Northwest Natural stock opened at $48.67 on Monday. The company has a quick ratio of 0.54, a current ratio of 0.66 and a debt-to-equity ratio of 0.92. The company has a market cap of $1.67 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 4.53 and a beta of 0.49. The business has a 50 day moving average price of $51.71 and a 200-day moving average price of $52.05. Northwest Natural Holding has a 52 week low of $43.07 and a 52 week high of $57.63.

Northwest Natural (NYSE:NWNGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The utilities provider reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.09. The company had revenue of $194.96 million during the quarter, compared to the consensus estimate of $157.21 million. Northwest Natural had a return on equity of 7.87% and a net margin of 8.27%. Northwest Natural’s revenue was up 30.9% on a year-over-year basis. During the same period last year, the business posted ($0.02) earnings per share. Equities analysts anticipate that Northwest Natural Holding will post 2.5 earnings per share for the current fiscal year.

Northwest Natural Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Friday, July 29th were given a dividend of $0.482 per share. This represents a $1.93 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend was Thursday, July 28th. Northwest Natural’s payout ratio is 77.51%.

Wall Street Analyst Weigh In

NWN has been the topic of several recent research reports. StockNews.com lowered Northwest Natural from a “hold” rating to a “sell” rating in a report on Thursday. Bank of America raised Northwest Natural from an “underperform” rating to a “neutral” rating and set a $53.00 price objective for the company in a research note on Tuesday, May 24th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $53.60.

Northwest Natural Company Profile

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Northwest Natural Holding Company, through its subsidiary, Northwest Natural Gas Company, provides regulated natural gas distribution services to residential, commercial, industrial, and transportation customers in Oregon and Southwest Washington. The company also operates 5.7 billion cubic feet of the Mist gas storage facility contracted to other utilities and third-party marketers; offers natural gas asset management services; and operates an appliance retail center.

Further Reading

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

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