Great West Life Assurance Co. Can decreased its stake in shares of Northwest Natural Holding Co (NYSE:NWN) by 4.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,716 shares of the utilities provider’s stock after selling 1,670 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.13% of Northwest Natural worth $2,522,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. BlackRock Inc. increased its holdings in shares of Northwest Natural by 6.4% in the 2nd quarter. BlackRock Inc. now owns 4,093,462 shares of the utilities provider’s stock valued at $261,163,000 after acquiring an additional 245,086 shares during the last quarter. WINTON GROUP Ltd purchased a new position in shares of Northwest Natural in the 3rd quarter valued at about $7,071,000. Confluence Investment Management LLC purchased a new position in shares of Northwest Natural in the 3rd quarter valued at about $5,991,000. Renaissance Technologies LLC increased its holdings in shares of Northwest Natural by 12.6% in the 2nd quarter. Renaissance Technologies LLC now owns 637,600 shares of the utilities provider’s stock valued at $40,679,000 after acquiring an additional 71,300 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Northwest Natural in the 3rd quarter valued at about $1,509,000. Institutional investors own 65.80% of the company’s stock.

In related news, VP Lori L. Russell sold 1,200 shares of the company’s stock in a transaction dated Tuesday, December 11th. The stock was sold at an average price of $66.43, for a total value of $79,716.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.19% of the stock is owned by corporate insiders.

Shares of NYSE NWN opened at $63.98 on Tuesday. The stock has a market capitalization of $1.93 billion, a P/E ratio of 29.24, a PEG ratio of 6.98 and a beta of 0.28. The company has a quick ratio of 0.43, a current ratio of 0.57 and a debt-to-equity ratio of 0.98. Northwest Natural Holding Co has a 52-week low of $51.50 and a 52-week high of $71.81.

Northwest Natural (NYSE:NWN) last announced its earnings results on Tuesday, November 6th. The utilities provider reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.04). The firm had revenue of $91.20 million during the quarter, compared to analyst estimates of $98.42 million. Northwest Natural had a negative net margin of 8.52% and a positive return on equity of 7.97%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the company earned ($0.30) earnings per share. As a group, research analysts forecast that Northwest Natural Holding Co will post 2.22 earnings per share for the current fiscal year.

A number of research firms have recently commented on NWN. Zacks Investment Research downgraded Northwest Natural from a “hold” rating to a “sell” rating in a report on Thursday, December 13th. ValuEngine upgraded Northwest Natural from a “hold” rating to a “buy” rating in a report on Thursday, September 13th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Northwest Natural presently has a consensus rating of “Hold” and a consensus target price of $61.60.

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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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