Dynamic Technology Lab Private Ltd Invests $609,000 in Northwest Natural Holding (NYSE:NWN)

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Northwest Natural Holding (NYSE:NWN) in the fourth quarter, Holdings Channel reports. The firm purchased 15,402 shares of the utilities provider’s stock, valued at approximately $609,000.

Other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. grew 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 purchasing an additional 123,961 shares during the period. Norges Bank purchased a new position in shares of Northwest Natural in the 4th quarter worth about $4,392,000. State Street Corp grew its position in Northwest Natural by 2.9% during the third quarter. State Street Corp now owns 1,817,813 shares of the utilities provider’s stock valued at $74,203,000 after buying an additional 51,391 shares during the period. Barclays PLC increased its holdings in Northwest Natural by 351.9% during the third quarter. Barclays PLC now owns 63,703 shares of the utilities provider’s stock worth $2,601,000 after buying an additional 49,606 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its position in Northwest Natural by 16.1% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 348,400 shares of the utilities provider’s stock worth $13,783,000 after acquiring an additional 48,301 shares during the period. 75.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Northwest Natural

In other Northwest Natural news, CEO David Hugo Anderson sold 7,500 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $40.97, for a total transaction of $307,275.00. Following the sale, the chief executive officer now owns 130,242 shares in the company, valued at $5,336,014.74. This represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP David A. Weber sold 2,183 shares of the firm’s stock in a transaction on Monday, March 31st. The stock was sold at an average price of $42.46, for a total value of $92,690.18. Following the completion of the transaction, the vice president now directly owns 255 shares of the company’s stock, valued at $10,827.30. The trade was a 89.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,192 shares of company stock valued at $1,042,268 over the last three months. 0.84% of the stock is currently owned by insiders.

Northwest Natural Stock Down 2.9 %

Northwest Natural stock opened at $40.01 on Tuesday. The firm has a 50 day moving average price of $41.28 and a 200-day moving average price of $40.78. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 1.15. Northwest Natural Holding has a twelve month low of $34.82 and a twelve month high of $44.25. The company has a market capitalization of $1.61 billion, a P/E ratio of 18.87 and a beta of 0.56.

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

Northwest Natural Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date of this dividend was Friday, January 31st. Northwest Natural’s dividend payout ratio is currently 96.55%.

About Northwest Natural

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.