Northwest Natural Holding (NYSE:NWN) CEO Sells $309,975.00 in Stock

Northwest Natural Holding (NYSE:NWN) CEO David Hugo Anderson sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $41.33, for a total transaction of $309,975.00. Following the sale, the chief executive officer now directly owns 137,742 shares of the company’s stock, valued at $5,692,876.86. This trade represents a 5.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

David Hugo Anderson also recently made the following trade(s):

• On Friday, December 20th, David Hugo Anderson sold 7,500 shares of Northwest Natural stock. The stock was sold at an average price of $39.78, for a total transaction of $298,350.00.

Northwest Natural Stock Performance

Shares of NYSE NWN traded down $0.15 during midday trading on Thursday, hitting $39.71. 173,427 shares of the company’s stock traded hands, compared to its average volume of 197,138. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.53 and a current ratio of 0.72. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 18.73 and a beta of 0.62. The firm has a fifty day moving average of $40.89 and a 200 day moving average of $40.02. Northwest Natural Holding has a 1 year low of $34.82 and a 1 year high of $44.25.

Northwest Natural (NYSE:NWN) last released its quarterly earnings results on Tuesday, November 12th. The utilities provider reported ($0.71) earnings per share for the quarter, topping the consensus estimate of ($0.79) by $0.08. Northwest Natural had a net margin of 6.90% and a return on equity of 5.89%. The business had revenue of $136.90 million for the quarter, compared to the consensus estimate of $132.47 million. During the same period last year, the firm earned ($0.65) earnings per share. The company’s quarterly revenue was down 3.3% on a year-over-year basis. On average, analysts forecast that Northwest Natural Holding will post 2.33 earnings per share for the current year.

Northwest Natural Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date of this dividend is Friday, January 31st. Northwest Natural’s payout ratio is 92.45%.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus lowered their price target on Northwest Natural from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Thursday, November 14th.

Hedge Funds Weigh In On Northwest Natural

A number of hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of Northwest Natural by 47.6% during the third quarter. JPMorgan Chase & Co. now owns 384,324 shares of the utilities provider’s stock valued at $15,688,000 after buying an additional 123,961 shares during the last quarter. Nordea Investment Management AB lifted its stake in Northwest Natural by 26.4% in the 4th quarter. Nordea Investment Management AB now owns 125,032 shares of the utilities provider’s stock worth $4,959,000 after purchasing an additional 26,152 shares in the last quarter. State Street Corp boosted its holdings in shares of Northwest Natural by 2.9% during the 3rd quarter. State Street Corp now owns 1,817,813 shares of the utilities provider’s stock valued at $74,203,000 after purchasing an additional 51,391 shares during the last quarter. Quarry LP grew its position in shares of Northwest Natural by 155.0% during the second quarter. Quarry LP now owns 1,923 shares of the utilities provider’s stock valued at $69,000 after purchasing an additional 1,169 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of Northwest Natural by 351.9% in the third quarter. Barclays PLC now owns 63,703 shares of the utilities provider’s stock worth $2,601,000 after purchasing an additional 49,606 shares during the last quarter. 75.13% of the stock is currently owned by institutional investors.

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 the United States. The company operates a mist gas storage facility contracted to other utilities, third-party marketers, and electric generators; offers natural gas asset management services; and operates an appliance retail center.