Creative Financial Designs Inc. ADV Sells 5,388 Shares of Northwest Natural Holding (NYSE:NWN)

Creative Financial Designs Inc. ADV decreased its holdings in shares of Northwest Natural Holding (NYSE:NWN) by 40.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,774 shares of the utilities provider’s stock after selling 5,388 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Northwest Natural were worth $308,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NWN. Advisors Asset Management Inc. grew its holdings in shares of Northwest Natural by 143.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 104,114 shares of the utilities provider’s stock worth $4,250,000 after acquiring an additional 61,345 shares during the period. Intech Investment Management LLC purchased a new position in shares of Northwest Natural during the 3rd quarter worth approximately $532,000. Foundry Partners LLC purchased a new position in shares of Northwest Natural during the 3rd quarter worth approximately $5,068,000. Thompson Siegel & Walmsley LLC purchased a new position in shares of Northwest Natural during the 3rd quarter worth approximately $12,250,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Northwest Natural by 5.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 568,991 shares of the utilities provider’s stock worth $23,226,000 after acquiring an additional 29,682 shares during the period. Institutional investors own 75.13% of the company’s stock.

Northwest Natural Stock Up 0.2 %

NWN stock opened at $42.06 on Thursday. Northwest Natural Holding has a fifty-two week low of $34.82 and a fifty-two week high of $44.25. The business’s 50 day moving average price is $40.75 and its two-hundred day moving average price is $40.59. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.53 and a current ratio of 0.72. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 19.84 and a beta of 0.59.

Northwest Natural (NYSE:NWN) last posted its earnings results on Friday, February 28th. The utilities provider reported $1.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.01). Northwest Natural had a return on equity of 5.89% and a net margin of 6.90%. The firm had revenue of $370.90 million for the quarter, compared to analysts’ expectations of $395.05 million. During the same quarter last year, the company posted $1.21 EPS. The firm’s revenue was up 4.3% on a year-over-year basis. As a group, analysts forecast that Northwest Natural Holding will post 2.33 earnings per share for the current fiscal year.

Northwest Natural Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a $0.49 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.96 annualized dividend and a dividend yield of 4.66%. Northwest Natural’s payout ratio is currently 96.55%.

Insider Buying and Selling

In related news, CEO David Hugo Anderson sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $41.33, for a total value of $309,975.00. Following the sale, the chief executive officer now owns 137,742 shares in the company, valued at $5,692,876.86. This represents a 5.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold 23,009 shares of company stock worth $936,978 in the last 90 days. Insiders own 0.84% of the company’s stock.

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 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.