Insider Selling: Northwest Natural Holding (NYSE:NWN) CEO Sells 509 Shares of Stock

Northwest Natural Holding (NYSE:NWN) CEO David Hugo Anderson sold 509 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $42.00, for a total transaction of $21,378.00. Following the completion of the sale, the chief executive officer now directly owns 129,733 shares of the company’s stock, valued at $5,448,786. This represents a 0.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• 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 transaction 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.
• 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 value of $298,350.00.

Northwest Natural Stock Performance

NWN stock traded up $0.00 on Wednesday, hitting $41.74. The company’s stock had a trading volume of 284,352 shares, compared to its average volume of 195,734. The company has a current ratio of 0.72, a quick ratio of 0.53 and a debt-to-equity ratio of 1.15. The firm has a 50 day moving average of $40.03 and a two-hundred day moving average of $40.33. Northwest Natural Holding has a 1 year low of $34.82 and a 1 year high of $44.25. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 19.69 and a beta of 0.62.

Northwest Natural Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.96 annualized dividend and a dividend yield of 4.70%. Northwest Natural’s dividend payout ratio is currently 92.45%.

Institutional Investors Weigh In On Northwest Natural

Hedge funds and other institutional investors have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Northwest Natural by 5.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 139,823 shares of the utilities provider’s stock worth $5,531,000 after acquiring an additional 6,870 shares in the last quarter. Tidal Investments LLC boosted its stake in Northwest Natural by 18.5% in the fourth quarter. Tidal Investments LLC now owns 17,313 shares of the utilities provider’s stock valued at $685,000 after acquiring an additional 2,704 shares during the period. ProShare Advisors LLC grew its position in shares of Northwest Natural by 4.6% during the fourth quarter. ProShare Advisors LLC now owns 200,265 shares of the utilities provider’s stock worth $7,922,000 after acquiring an additional 8,747 shares during the last quarter. Man Group plc increased its holdings in shares of Northwest Natural by 160.5% during the fourth quarter. Man Group plc now owns 16,320 shares of the utilities provider’s stock valued at $646,000 after purchasing an additional 10,054 shares during the period. Finally, Nuveen Asset Management LLC raised its position in Northwest Natural by 238.2% in the fourth quarter. Nuveen Asset Management LLC now owns 376,256 shares of the utilities provider’s stock worth $14,885,000 after acquiring an additional 265,013 shares in the last quarter. Hedge funds and other institutional investors own 75.13% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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 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.