It seems that American Century Companies Inc. is taking an increasingly active role in Northwest Natural Holding, as evidenced by their most recent 13F filing with the Securities and Exchange Commission (SEC), which shows a 0.9% increase in holdings during the fourth quarter.
According to this filing, American Century Companies Inc. now owns about 0.85% of Northwest Natural’s total shares of stock, which translates to a whopping $14,239,000 worth of assets at the time of the filing.
While these numbers are certainly impressive, it is perhaps more interesting to note that VP David A. Weber sold over 900 shares of the company’s stock back in May, signaling a potential shift in insider sentiment towards Northwest Natural.
Despite these internal changes, NWN stock opened today at $43.94 per share – a relatively modest figure compared to its highs and lows over the past year.
But what does all this mean for investors? Well, it’s hard to say for sure – but one thing is certain: there is plenty of buzz surrounding Northwest Natural Holding and its potential as a long-term investment opportunity.
Indeed, with a market cap of $1.58 billion and a price-to-earnings ratio of just 15.36 (among other promising financial metrics), many experts believe that NWN could be an attractive addition to any well-rounded portfolio.
Of course, like any investment vehicle, there are always risks involved; successful investors will need to carefully weigh their options and conduct thorough research before making any big moves in the market.
But for those who are willing to take calculated risks and dive deep into due diligence efforts, Northwest Natural Holding could prove to be an exciting prospect indeed – and one that could offer strong returns well into the future.
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Northwest Natural Holding Company Makes Headlines with Strong Earnings, High-Stakes Investments, and Increased Investor Interest
Northwest Natural Holding Company, a utilities provider based in the United States, has been making headlines recently due to several high-stakes investments and notable analyst reports. The company has also issued strong earnings and announced a quarterly dividend, drawing attention from investors and markets alike.
Hedge funds and institutional investors have shown strong support for Northwest Natural by increasing their stakes in the company. Versant Capital Management raised its stake by 83.7%, while Quadrant Capital Group increased its stake by 36.6%. Tower Research Capital grew its position by 45.5%, Captrust Financial Advisors by 133.2%, and Zurcher Kantonalbank Zurich Cantonalbank by 46.9%. Analysts have assigned varying ratings to the stock, with Maxim Group recently cutting Northwest Natural from a “buy” rating to a “hold” rating.
Despite these mixed reviews, the company’s recent earnings results have been impressive. Northwest Natural reported $2.01 earnings per share for the quarter, beating analysts’ expectations of $1.93 by $0.08. Their revenue of $462.40 million also surpassed expectations of $365.46 million, representing a 32% increase compared to the same quarter last year. The firm’s strong financial performance is expected to continue, with sell-side analysts anticipating a yearly EPS of 2.7 for the current fiscal year.
Furthermore, Northwest Natural recently announced a quarterly dividend payment of $0.485 per share—a total annualized dividend of $1.94—and had previously paid this dividend on May 15th for shareholders of record on April 28th.
In light of these developments, it is expected that Northwest Natural will continue to be an active player in both the energy sector and investment market moving forward—with many eyes currently focused on forthcoming news and announcements concerning this company’s future plans and endeavors overall going into this new chapter at great lengths in order keep up with both niche-wide standards and possible unforeseen obstacles and pivots.