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 Northwest Natural stock in a transaction dated 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 owns 137,742 shares of the company’s stock, valued at approximately $5,692,876.86. This represents a 5.16 % 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 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 Northwest Natural stock opened at $39.71 on Friday. 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 company has a debt-to-equity ratio of 1.15, a current ratio of 0.72 and a quick ratio of 0.53. The business has a 50-day moving average of $40.89 and a 200 day moving average of $40.02. Northwest Natural Holding has a 12 month low of $34.82 and a 12 month high of $44.25.

Northwest Natural (NYSE:NWN) last posted its quarterly earnings data on Tuesday, November 12th. The utilities provider reported ($0.71) EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $132.47 million. During the same quarter last year, the firm posted ($0.65) earnings per share. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Northwest Natural Holding will post 2.33 earnings per share for the current year.

Northwest Natural Announces Dividend

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

Institutional Trading of Northwest Natural

Several hedge funds have recently modified their holdings of NWN. KBC Group NV grew its stake in Northwest Natural by 74.1% during the 4th quarter. KBC Group NV now owns 2,054 shares of the utilities provider’s stock worth $81,000 after purchasing an additional 874 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Northwest Natural by 4.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 103,657 shares of the utilities provider’s stock valued at $4,101,000 after buying an additional 4,179 shares during the period. SG Americas Securities LLC acquired a new position in shares of Northwest Natural during the fourth quarter worth about $791,000. Wedge Capital Management L L P NC increased its stake in shares of Northwest Natural by 5.2% during the fourth quarter. Wedge Capital Management L L P NC now owns 56,244 shares of the utilities provider’s stock worth $2,225,000 after buying an additional 2,760 shares during the period. Finally, Hennessy Advisors Inc. raised its holdings in Northwest Natural by 6.3% in the fourth quarter. Hennessy Advisors Inc. now owns 57,503 shares of the utilities provider’s stock valued at $2,275,000 after acquiring an additional 3,400 shares in the last quarter. 75.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.