The most recent filing that Strs Ohio made with the Securities and Exchange Commission revealed that during the third quarter, the company increased the percentage of shares of Northwest Natural Holding (NYSE: NWN) that it owned by 64.1%. (SEC). As a result of the fund’s purchase of an additional 7,500 shares of the utility provider’s stock during the period, the total number of shares it owned at the end of the period was 19,200. At the end of the most recent fiscal quarter, Strs Ohio owned 0.06% of Northwest Natural. At that time, Northwest Natural had a market value of $832,000.
Other institutional investors have made recent changes to the holdings of NWN. Through the course of the second quarter, Millennium Management LLC was able to achieve a 372.0% increase in the proportion of Northwest Natural stock that it owned. Millennium Management LLC now owns 445,329 shares of the utility service provider’s stock, valued at $23,647,000, after purchasing an additional 350,988 shares during the preceding quarter. These shares were purchased for a total of $23,647,000. Vanguard Group Inc. increased the amount of Northwest Natural stock owned by 7.7% over the first three months of 2018. This was accomplished by purchasing an additional 277,421 shares held by the utility provider. The total number of shares owned by Vanguard Group Inc. is now 3,878,324, with a value of $200,586,000; this was accomplished through purchasing these shares. The State Street Corporation increased its stake in Northwest Natural by 16.9 percent during the first three months of 2018. State Street Corp. now has a total ownership stake in the utility provider’s stock valued at $80,805,000 after purchasing an additional 226,118 shares during the preceding quarter. As a result, the total number of shares the company currently possesses is 1,562,357. MESIROWD provides services in financial investment management and consulting equity and fixed income. It purchased a new position at Northwest Natural during the second quarter of the fiscal year. This new position is estimated to be worth approximately $7,170,000. During the second quarter of this year, Victory Capital Management Inc. increased the percentage of Northwest Natural shares that it owned by 41.3%. This was done so that they could compete with other investors. The most recent quarter saw Victory Capital Management Inc. purchase an additional 131,296 shares of the utilities provider’s stock, bringing the total number of shares it currently owns to 449,112, with a value of $23,848,000. This brings the total number of shares it has owned to 449,112. Currently, hedge funds and other types of institutional investors own 74.8 percent of the total number of outstanding shares in the company.
NYSE: NWN was first available for trading on Monday with an opening price of $49.58. The company’s moving average price over the previous 50 days is $47.96, and the moving average price over the previous 200 days is $48.87. The price of a share of Northwest Natural Holdings has ranged from $42.37 to $57.63 over the past year, with a low point being reached at $42.37. The company has a PE ratio of 19.07, a PEG ratio of 4.24, and a beta