Northwest Natural Holding (NYSE:NWN) Shares Purchased by Guardian Wealth Management Inc.

Guardian Wealth Management Inc. raised its position in Northwest Natural Holding (NYSE:NWN) by 3.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 12,012 shares of the utilities provider’s stock after purchasing an additional 447 shares during the period. Guardian Wealth Management Inc.’s holdings in Northwest Natural were worth $434,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Nordea Investment Management AB acquired a new stake in Northwest Natural in the first quarter valued at $2,619,000. Vanguard Group Inc. grew its holdings in Northwest Natural by 1.6% in the first quarter. Vanguard Group Inc. now owns 4,421,601 shares of the utilities provider’s stock valued at $164,572,000 after purchasing an additional 71,214 shares during the last quarter. Gabelli Funds LLC grew its holdings in Northwest Natural by 6.0% in the first quarter. Gabelli Funds LLC now owns 475,000 shares of the utilities provider’s stock valued at $17,680,000 after purchasing an additional 27,000 shares during the last quarter. Wedge Capital Management L L P NC grew its holdings in Northwest Natural by 58.8% in the second quarter. Wedge Capital Management L L P NC now owns 65,116 shares of the utilities provider’s stock valued at $2,351,000 after purchasing an additional 24,110 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Northwest Natural by 6.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 465,504 shares of the utilities provider’s stock valued at $18,127,000 after purchasing an additional 26,540 shares during the last quarter. Institutional investors and hedge funds own 75.13% of the company’s stock.

Wall Street Analyst Weigh In

NWN has been the topic of a number of analyst reports. StockNews.com raised Northwest Natural from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. Janney Montgomery Scott raised Northwest Natural from a “neutral” rating to a “buy” rating and increased their price objective for the company from $36.00 to $43.00 in a research note on Monday, August 5th.

Northwest Natural Stock Performance

NYSE NWN opened at $40.30 on Friday. The business’s 50-day moving average price is $39.11 and its 200 day moving average price is $37.62. The company has a market capitalization of $1.56 billion, a PE ratio of 17.68 and a beta of 0.57. The company has a current ratio of 0.97, a quick ratio of 0.73 and a debt-to-equity ratio of 1.17. Northwest Natural Holding has a twelve month low of $34.82 and a twelve month high of $41.66.

Northwest Natural (NYSE:NWN) last released its quarterly earnings data on Friday, August 2nd. The utilities provider reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.06. Northwest Natural had a return on equity of 6.31% and a net margin of 7.18%. The company had revenue of $211.70 million for the quarter, compared to the consensus estimate of $231.99 million. During the same period last year, the business posted $0.03 EPS. The company’s quarterly revenue was down 11.0% compared to the same quarter last year. On average, research analysts predict that Northwest Natural Holding will post 2.32 earnings per share for the current year.

Northwest Natural Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were paid a dividend of $0.488 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.95 dividend on an annualized basis and a yield of 4.84%. Northwest Natural’s dividend payout ratio (DPR) is presently 85.53%.

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.