David Hugo Anderson Sells 7,500 Shares of Northwest Natural Holding (NYSE:NWN) Stock

Northwest Natural Holding (NYSE:NWN) CEO David Hugo Anderson sold 7,500 shares of Northwest Natural stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $41.46, for a total transaction of $310,950.00. Following the sale, the chief executive officer now owns 117,382 shares of the company’s stock, valued at approximately $4,866,657.72. This represents a 6.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, February 24th, David Hugo Anderson sold 509 shares of Northwest Natural stock. The stock was sold at an average price of $42.00, for a total transaction of $21,378.00.
• On Thursday, February 20th, David Hugo Anderson sold 7,500 shares of Northwest Natural stock. The stock was sold at an average price of $40.97, for a total value of $307,275.00.
• On Tuesday, January 21st, David Hugo Anderson sold 7,500 shares of Northwest Natural stock. The stock was sold at an average price of $41.33, for a total transaction of $309,975.00.

Northwest Natural Trading Up 1.2 %

NYSE NWN opened at $41.68 on Friday. Northwest Natural Holding has a one year low of $34.82 and a one year high of $44.25. The company’s 50 day moving average price is $41.01 and its 200 day moving average price is $40.65. 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 firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 19.66 and a beta of 0.59.

Northwest Natural (NYSE:NWN) last issued its quarterly earnings results on Friday, February 28th. The utilities provider reported $1.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.01). The firm had revenue of $370.90 million during the quarter, compared to the consensus estimate of $395.05 million. Northwest Natural had a net margin of 6.90% and a return on equity of 5.89%. Northwest Natural’s revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.21 earnings per share. On average, sell-side analysts predict that Northwest Natural Holding will post 2.33 EPS for the current year.

Northwest Natural Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 4.70%. The ex-dividend date was Friday, January 31st. Northwest Natural’s dividend payout ratio is presently 96.55%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Nuveen Asset Management LLC increased its position in Northwest Natural by 238.2% in the 4th quarter. Nuveen Asset Management LLC now owns 376,256 shares of the utilities provider’s stock worth $14,885,000 after buying an additional 265,013 shares during the period. Glenmede Trust Co. NA bought a new position in shares of Northwest Natural in the third quarter valued at approximately $7,390,000. JPMorgan Chase & Co. lifted its position in Northwest Natural by 47.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 384,324 shares of the utilities provider’s stock worth $15,688,000 after buying an additional 123,961 shares in the last quarter. Norges Bank acquired a new position in Northwest Natural during the 4th quarter worth $4,392,000. Finally, State Street Corp boosted its stake in Northwest Natural by 2.9% in the third quarter. State Street Corp now owns 1,817,813 shares of the utilities provider’s stock valued at $74,203,000 after acquiring an additional 51,391 shares during the last quarter. Hedge funds and other institutional investors own 75.13% of the company’s stock.

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.