Dean Investment Associates LLC Has $1.49 Million Stock Position in Northwest Natural Holding (NYSE:NWN)

Dean Investment Associates LLC lessened its holdings in shares of Northwest Natural Holding (NYSE:NWN) by 73.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,407 shares of the utilities provider’s stock after selling 101,019 shares during the period. Dean Investment Associates LLC owned about 0.09% of Northwest Natural worth $1,486,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Headinvest LLC acquired a new position in shares of Northwest Natural during the 3rd quarter worth approximately $211,000. XTX Topco Ltd acquired a new position in shares of Northwest Natural during the 3rd quarter worth approximately $445,000. State Street Corp grew its position in shares of Northwest Natural by 2.9% during the 3rd quarter. State Street Corp now owns 1,817,813 shares of the utilities provider’s stock worth $74,203,000 after purchasing an additional 51,391 shares in the last quarter. Stifel Financial Corp grew its position in shares of Northwest Natural by 5.3% during the 3rd quarter. Stifel Financial Corp now owns 251,468 shares of the utilities provider’s stock worth $10,265,000 after purchasing an additional 12,702 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new position in shares of Northwest Natural during the 3rd quarter worth approximately $78,000. Institutional investors and hedge funds own 75.13% of the company’s stock.

Analyst Ratings Changes

Separately, Stifel Nicolaus decreased their target price on shares of Northwest Natural from $45.00 to $44.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th.

Northwest Natural Stock Performance

NYSE NWN opened at $41.90 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.53 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 19.76 and a beta of 0.61. The firm’s 50 day simple moving average is $40.95 and its 200 day simple moving average is $39.11. Northwest Natural Holding has a 1 year low of $34.82 and a 1 year high of $44.25.

Northwest Natural (NYSE:NWN) last posted its quarterly earnings results on Tuesday, November 12th. The utilities provider reported ($0.71) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.79) by $0.08. The business had revenue of $136.90 million for the quarter, compared to analyst estimates of $132.47 million. Northwest Natural had a net margin of 6.90% and a return on equity of 5.89%. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter last year, the business posted ($0.65) EPS. As a group, research analysts expect that Northwest Natural Holding will post 2.33 earnings per share for the current fiscal year.

Northwest Natural Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a $0.49 dividend. This is an increase from Northwest Natural’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.96 annualized dividend and a yield of 4.68%. Northwest Natural’s dividend payout ratio is presently 92.45%.

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.