Dupont Capital Management Corp Acquires New Position in Northwest Natural Holding Co (NWN)

Dupont Capital Management Corp acquired a new stake in shares of Northwest Natural Holding Co (NYSE:NWN) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 14,580 shares of the utilities provider’s stock, valued at approximately $882,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. IMS Capital Management acquired a new stake in Northwest Natural during the 3rd quarter valued at approximately $69,000. Vident Investment Advisory LLC acquired a new stake in Northwest Natural during the 3rd quarter valued at approximately $200,000. Everence Capital Management Inc. acquired a new stake in Northwest Natural during the 3rd quarter valued at approximately $223,000. Mackenzie Financial Corp acquired a new stake in Northwest Natural during the 3rd quarter valued at approximately $224,000. Finally, Jane Street Group LLC acquired a new stake in Northwest Natural during the 3rd quarter valued at approximately $308,000. Hedge funds and other institutional investors own 67.79% of the company’s stock.

NYSE:NWN opened at $61.95 on Wednesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.43 and a current ratio of 0.57. Northwest Natural Holding Co has a 52 week low of $51.50 and a 52 week high of $71.81. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 27.68, a PEG ratio of 5.83 and a beta of 0.40.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Thursday, January 31st will be issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend is Wednesday, January 30th. Northwest Natural’s dividend payout ratio is presently 84.82%.

In other Northwest Natural news, VP Lori L. Russell sold 1,200 shares of the stock in a transaction that occurred on Tuesday, December 11th. The stock was sold at an average price of $66.43, for a total transaction of $79,716.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.19% of the company’s stock.

A number of equities research analysts have weighed in on NWN shares. Maxim Group started coverage on Northwest Natural in a research note on Tuesday, January 8th. They set a “buy” rating and a $72.00 price objective for the company. Zacks Investment Research upgraded Northwest Natural from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research note on Thursday, February 7th. Finally, Guggenheim restated a “sell” rating and set a $49.00 price objective on shares of Northwest Natural in a research note on Monday, January 7th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. Northwest Natural presently has an average rating of “Hold” and a consensus price target of $60.25.

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Northwest Natural Profile

Northwest Natural Holding Company, through its subsidiary, NW Natural Gas Company, operates as a regulated natural gas distribution company. The company serves approximately 740,000 natural gas customers in Oregon and Southwest Washington through 14,000 miles of pipeline systems in the United States.

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Institutional Ownership by Quarter for Northwest Natural (NYSE:NWN)

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