Segall Bryant & Hamill LLC Makes New $1.03 Million Investment in Northwest Natural Holding (NYSE:NWN)

Segall Bryant & Hamill LLC acquired a new stake in Northwest Natural Holding (NYSE:NWN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 26,046 shares of the utilities provider’s stock, valued at approximately $1,030,000.

Several other institutional investors have also modified their holdings of the company. Mutual of America Capital Management LLC raised its stake in Northwest Natural by 4.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 6,079 shares of the utilities provider’s stock valued at $240,000 after buying an additional 263 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Northwest Natural by 2.5% in the 4th quarter. Arizona State Retirement System now owns 11,223 shares of the utilities provider’s stock valued at $444,000 after acquiring an additional 273 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Northwest Natural by 13.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,906 shares of the utilities provider’s stock worth $115,000 after acquiring an additional 345 shares in the last quarter. Guardian Wealth Management Inc. lifted its stake in Northwest Natural by 3.2% during the third quarter. Guardian Wealth Management Inc. now owns 12,401 shares of the utilities provider’s stock worth $506,000 after purchasing an additional 389 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its holdings in Northwest Natural by 4.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,475 shares of the utilities provider’s stock valued at $375,000 after purchasing an additional 400 shares in the last quarter. 75.13% of the stock is owned by hedge funds and other institutional investors.

Northwest Natural Stock Performance

Shares of Northwest Natural stock opened at $42.61 on Friday. The firm has a market capitalization of $1.71 billion, a P/E ratio of 20.10 and a beta of 0.59. 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 52 week low of $34.82 and a 52 week high of $44.25. The firm’s 50 day moving average is $41.05 and its two-hundred day moving average is $40.67.

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

Northwest Natural Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 4.60%. The ex-dividend date of this dividend was Friday, January 31st. Northwest Natural’s payout ratio is currently 96.55%.

Insider Activity at Northwest Natural

In other Northwest Natural news, CEO David Hugo Anderson sold 7,500 shares of Northwest Natural stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $41.33, for a total transaction of $309,975.00. Following the transaction, the chief executive officer now owns 137,742 shares of the company’s stock, valued at $5,692,876.86. The trade was a 5.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold a total of 23,009 shares of company stock valued at $949,578 in the last three months. 0.84% of the stock is currently owned by company insiders.

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.