Northwest Natural Holding (NYSE:NWN) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its holdings in Northwest Natural Holding (NYSE:NWN) by 8.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 184,514 shares of the utilities provider’s stock after buying an additional 14,148 shares during the period. Russell Investments Group Ltd. owned 0.60% of Northwest Natural worth $8,483,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Advisor Group Holdings Inc. boosted its stake in Northwest Natural by 22.3% in the 3rd quarter. Advisor Group Holdings Inc. now owns 12,358 shares of the utilities provider’s stock worth $569,000 after buying an additional 2,257 shares during the last quarter. Deutsche Bank AG boosted its stake in Northwest Natural by 5.3% in the 3rd quarter. Deutsche Bank AG now owns 56,362 shares of the utilities provider’s stock worth $2,592,000 after buying an additional 2,838 shares during the last quarter. Versor Investments LP acquired a new position in shares of Northwest Natural in the 3rd quarter valued at about $214,000. Magellan Asset Management Ltd lifted its stake in shares of Northwest Natural by 18.4% in the 3rd quarter. Magellan Asset Management Ltd now owns 20,179 shares of the utilities provider’s stock valued at $928,000 after purchasing an additional 3,139 shares in the last quarter. Finally, Financial Advocates Investment Management lifted its stake in shares of Northwest Natural by 2.4% in the 3rd quarter. Financial Advocates Investment Management now owns 41,082 shares of the utilities provider’s stock valued at $1,889,000 after purchasing an additional 971 shares in the last quarter. 70.14% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:NWN opened at $49.82 on Friday. The company has a market cap of $1.53 billion, a P/E ratio of 16.70, a PEG ratio of 3.59 and a beta of 0.53. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.41 and a current ratio of 0.49. Northwest Natural Holding has a one year low of $41.71 and a one year high of $56.75. The business’s 50-day simple moving average is $46.91 and its 200 day simple moving average is $48.92.

Northwest Natural (NYSE:NWN) last announced its earnings results on Friday, November 5th. The utilities provider reported ($0.67) EPS for the quarter, beating the consensus estimate of ($0.74) by $0.07. Northwest Natural had a return on equity of 9.23% and a net margin of 10.91%. The business had revenue of $101.50 million for the quarter, compared to the consensus estimate of $100.93 million. During the same period last year, the business posted ($0.61) EPS. The company’s revenue was up 8.8% on a year-over-year basis. Analysts predict that Northwest Natural Holding will post 2.58 earnings per share for the current year.

NWN has been the topic of several research analyst reports. TheStreet lowered Northwest Natural from a “b-” rating to a “c+” rating in a research note on Tuesday, September 21st. Wells Fargo & Company reduced their price objective on Northwest Natural from $56.00 to $51.00 and set an “equal weight” rating on the stock in a research note on Monday, November 8th. Finally, Zacks Investment Research lowered Northwest Natural from a “buy” rating to a “hold” rating in a research note on Thursday, January 6th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $59.00.

Northwest Natural Profile

Northwest Natural Holding Co engages in the local distribution of gas and water through its subsidiaries. It supplies natural gas to residential, commercial, and industrial customers in Oregon and southwest Washington. The company is headquartered in Portland, OR.

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

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