Victory Capital Management Inc. trimmed its holdings in Northwest Natural Holding Co (NYSE:NWN) by 10.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,534 shares of the utilities provider’s stock after selling 526 shares during the period. Victory Capital Management Inc.’s holdings in Northwest Natural were worth $280,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in NWN. Ellevest Inc. raised its position in shares of Northwest Natural by 66.9% in the first quarter. Ellevest Inc. now owns 808 shares of the utilities provider’s stock valued at $50,000 after buying an additional 324 shares in the last quarter. First Personal Financial Services acquired a new stake in shares of Northwest Natural in the first quarter valued at approximately $80,000. Orion Portfolio Solutions LLC acquired a new position in Northwest Natural during the fourth quarter valued at approximately $84,000. Paradigm Asset Management Co. LLC acquired a new position in Northwest Natural during the fourth quarter valued at approximately $100,000. Finally, Van ECK Associates Corp acquired a new position in Northwest Natural during the fourth quarter valued at approximately $143,000. Institutional investors own 74.23% of the company’s stock.
Shares of NYSE:NWN opened at $55.00 on Wednesday. The company has a fifty day moving average of $59.99 and a 200-day moving average of $66.30. The company has a market capitalization of $1.62 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 7.44 and a beta of 0.44. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.86 and a current ratio of 0.90. Northwest Natural Holding Co has a 52-week low of $50.49 and a 52-week high of $77.26.
Several brokerages have commented on NWN. UBS Group lowered their price objective on shares of Northwest Natural from $61.00 to $56.00 and set a “sell” rating for the company in a research report on Wednesday, April 1st. Bank of America began coverage on shares of Northwest Natural in a research report on Wednesday, June 17th. They set an “underperform” rating and a $52.00 price objective for the company. Wells Fargo & Co lowered their price objective on shares of Northwest Natural from $63.00 to $60.00 and set an “underweight” rating for the company in a research report on Monday, May 11th. Finally, Royal Bank of Canada restated a “hold” rating and set a $59.00 price objective on shares of Northwest Natural in a research report on Wednesday, April 8th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. Northwest Natural has a consensus rating of “Hold” and a consensus price target of $65.50.
Northwest Natural Company 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 Oregon and Southwest Washington. It is also involved in the gas storage activities, water businesses, and other investments and activities.
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