Northwest Natural Holding Co (NYSE:NWN) Receives $71.40 Average Price Target from Analysts

Shares of Northwest Natural Holding Co (NYSE:NWN) have been assigned an average recommendation of “Hold” from the eight analysts that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $71.40.

Several research analysts have recently commented on NWN shares. UBS Group lowered their target price on shares of Northwest Natural from $62.00 to $61.00 and set a “sell” rating on the stock in a report on Tuesday, March 3rd. Wells Fargo & Co cut shares of Northwest Natural to a “sell” rating in a report on Tuesday, March 3rd.

In related news, CEO David Hugo Anderson sold 666 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $73.52, for a total transaction of $48,964.32. Following the sale, the chief executive officer now owns 78,105 shares in the company, valued at approximately $5,742,279.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director C Scott Gibson sold 1,796 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $67.84, for a total transaction of $121,840.64. The disclosure for this sale can be found here. 1.14% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of NWN. FMR LLC boosted its position in shares of Northwest Natural by 757.4% during the 1st quarter. FMR LLC now owns 5,273 shares of the utilities provider’s stock worth $346,000 after acquiring an additional 4,658 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in Northwest Natural in the third quarter valued at approximately $59,000. State Street Corp boosted its position in Northwest Natural by 0.6% in the third quarter. State Street Corp now owns 893,820 shares of the utilities provider’s stock valued at $63,765,000 after buying an additional 5,521 shares in the last quarter. California State Teachers Retirement System boosted its position in Northwest Natural by 6.4% in the third quarter. California State Teachers Retirement System now owns 47,151 shares of the utilities provider’s stock valued at $3,364,000 after buying an additional 2,823 shares in the last quarter. Finally, Voloridge Investment Management LLC acquired a new stake in Northwest Natural in the third quarter valued at approximately $539,000. Institutional investors and hedge funds own 76.20% of the company’s stock.

Northwest Natural stock traded up $4.84 during trading hours on Monday, hitting $62.37. The company had a trading volume of 200,179 shares, compared to its average volume of 305,136. The firm has a market cap of $1.72 billion, a PE ratio of 29.70 and a beta of 0.42. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.61 and a quick ratio of 0.52. Northwest Natural has a one year low of $50.49 and a one year high of $77.26. The firm has a 50-day moving average of $68.36 and a 200 day moving average of $70.01.

Northwest Natural (NYSE:NWN) last released its quarterly earnings results on Monday, March 2nd. The utilities provider reported $1.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.04. Northwest Natural had a net margin of 8.28% and a return on equity of 8.50%. The firm had revenue of $247.30 million for the quarter, compared to analysts’ expectations of $248.12 million. During the same period in the prior year, the firm earned $1.24 EPS. The business’s revenue was up 9.1% on a year-over-year basis. As a group, research analysts expect that Northwest Natural will post 2.35 earnings per share for the current year.

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 Oregon and Southwest Washington. It is also involved in the gas storage activities, water businesses, and other investments and activities.

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Analyst Recommendations for Northwest Natural (NYSE:NWN)

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