Northwest Natural Holding Co (NYSE:NWN) Given Consensus Rating of “Hold” by Brokerages

Shares of Northwest Natural Holding Co (NYSE:NWN) have been assigned a consensus recommendation of “Hold” from the six research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $65.75.

A number of research analysts have weighed in on the stock. Maxim Group reissued a “buy” rating and set a $72.00 target price on shares of Northwest Natural in a research report on Thursday, June 6th. Zacks Investment Research raised shares of Northwest Natural from a “sell” rating to a “hold” rating and set a $75.00 target price for the company in a research report on Thursday, May 2nd. TheStreet raised shares of Northwest Natural from a “c” rating to a “b-” rating in a research report on Friday, March 1st. Finally, Wells Fargo & Co boosted their target price on shares of Northwest Natural from $65.00 to $67.00 and gave the stock a “market perform” rating in a research report on Monday, March 4th.

Northwest Natural stock opened at $69.78 on Friday. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 29.95, a PEG ratio of 6.48 and a beta of 0.35. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.52 and a quick ratio of 0.48. Northwest Natural has a fifty-two week low of $57.20 and a fifty-two week high of $71.81.

Northwest Natural (NYSE:NWN) last released its earnings results on Tuesday, May 7th. The utilities provider reported $1.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.28. The firm had revenue of $285.30 million during the quarter, compared to analyst estimates of $250.06 million. Northwest Natural had a net margin of 9.10% and a return on equity of 9.86%. The business’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.39 EPS. Equities analysts forecast that Northwest Natural will post 2.37 earnings per share for the current fiscal year.

In other news, Director Tod R. Hamachek sold 600 shares of the company’s stock in a transaction dated Friday, March 29th. The shares were sold at an average price of $65.21, for a total transaction of $39,126.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.14% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Tompkins Financial Corp acquired a new position in shares of Northwest Natural during the first quarter valued at about $29,000. Quadrant Capital Group LLC raised its position in shares of Northwest Natural by 120.9% during the first quarter. Quadrant Capital Group LLC now owns 720 shares of the utilities provider’s stock valued at $45,000 after buying an additional 394 shares during the last quarter. Enterprise Financial Services Corp raised its position in shares of Northwest Natural by 3,479.5% during the first quarter. Enterprise Financial Services Corp now owns 1,396 shares of the utilities provider’s stock valued at $92,000 after buying an additional 1,357 shares during the last quarter. Quantamental Technologies LLC acquired a new position in shares of Northwest Natural during the first quarter valued at about $92,000. Finally, NumerixS Investment Technologies Inc raised its position in shares of Northwest Natural by 250.0% during the first quarter. NumerixS Investment Technologies Inc now owns 1,400 shares of the utilities provider’s stock valued at $92,000 after buying an additional 1,000 shares during the last quarter. 69.03% of the stock is owned by institutional investors and hedge funds.

About Northwest Natural

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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