Blueshift Asset Management LLC Has $582,000 Holdings in Northwest Natural Holding (NYSE:NWN)

Blueshift Asset Management LLC cut its holdings in Northwest Natural Holding (NYSE:NWN) by 19.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 11,079 shares of the utilities provider’s stock after selling 2,627 shares during the quarter. Blueshift Asset Management LLC’s holdings in Northwest Natural were worth $582,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Advisory Services Network LLC acquired a new position in shares of Northwest Natural during the second quarter worth approximately $30,000. Captrust Financial Advisors raised its position in shares of Northwest Natural by 881.7% during the first quarter. Captrust Financial Advisors now owns 589 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 529 shares during the period. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Northwest Natural during the first quarter worth approximately $33,000. Berman Capital Advisors LLC raised its position in shares of Northwest Natural by 1,987.1% during the second quarter. Berman Capital Advisors LLC now owns 647 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 616 shares during the period. Finally, Public Employees Retirement System of Ohio raised its position in shares of Northwest Natural by 17.5% during the first quarter. Public Employees Retirement System of Ohio now owns 1,337 shares of the utilities provider’s stock worth $72,000 after purchasing an additional 199 shares during the period. 69.86% of the stock is currently owned by hedge funds and other institutional investors.

In related news, VP David A. Weber sold 2,359 shares of the stock in a transaction dated Monday, September 20th. The stock was sold at an average price of $47.43, for a total transaction of $111,887.37. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP James R. Downing sold 1,862 shares of the stock in a transaction dated Wednesday, September 1st. The stock was sold at an average price of $51.90, for a total value of $96,637.80. The disclosure for this sale can be found here. 1.03% of the stock is currently owned by corporate insiders.

Several brokerages recently issued reports on NWN. TheStreet downgraded Northwest Natural from a “b-” rating to a “c+” rating in a report on Tuesday, September 21st. Zacks Investment Research upgraded Northwest Natural from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Wednesday. Finally, Maxim Group restated a “buy” rating and issued a $74.00 price objective on shares of Northwest Natural in a research note on Friday, August 6th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $61.25.

NWN stock opened at $47.08 on Thursday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.41 and a current ratio of 0.48. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 3.87 and a beta of 0.46. Northwest Natural Holding has a fifty-two week low of $41.71 and a fifty-two week high of $56.75. The stock has a fifty day moving average of $49.67 and a 200-day moving average of $52.24.

Northwest Natural (NYSE:NWN) last posted its quarterly earnings results on Thursday, August 5th. The utilities provider reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.11. The company had revenue of $148.90 million during the quarter, compared to the consensus estimate of $142.64 million. Northwest Natural had a return on equity of 9.55% and a net margin of 11.35%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.17) EPS. Equities analysts predict that Northwest Natural Holding will post 2.58 EPS for the current year.

About Northwest Natural

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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