Northwest Natural Holding (NYSE:NWN) CEO Sells $310,950.00 in Stock

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

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 value 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 transaction of $307,275.00.
• On Tuesday, January 21st, David Hugo Anderson sold 7,500 shares of Northwest Natural stock. The shares were sold at an average price of $41.33, for a total transaction of $309,975.00.

Northwest Natural Price Performance

Shares of NWN stock traded up $0.16 on Wednesday, hitting $41.14. 159,507 shares of the stock traded hands, compared to its average volume of 223,009. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 19.40 and a beta of 0.59. 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 firm has a 50 day simple moving average of $40.94 and a two-hundred day simple moving average of $40.64. Northwest Natural Holding has a 52 week low of $34.82 and a 52 week high of $44.25.

Northwest Natural (NYSE:NWN) last released its quarterly earnings data on Friday, February 28th. The utilities provider reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.01). The company had revenue of $370.90 million for 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%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.21 EPS. As a group, equities research analysts predict that Northwest Natural Holding will post 2.33 earnings per share for the current fiscal year.

Northwest Natural Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date was Friday, January 31st. Northwest Natural’s payout ratio is presently 96.55%.

Institutional Trading of Northwest Natural

Large investors have recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC increased its position in Northwest Natural by 11,111.1% in the fourth quarter. Capital Advisors Ltd. LLC now owns 1,009 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 1,000 shares during the last quarter. LRI Investments LLC increased its holdings in shares of Northwest Natural by 692.4% in the 3rd quarter. LRI Investments LLC now owns 1,046 shares of the utilities provider’s stock worth $43,000 after buying an additional 914 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Northwest Natural in the third quarter worth about $61,000. Point72 DIFC Ltd purchased a new stake in Northwest Natural during the third quarter valued at approximately $78,000. Finally, KBC Group NV lifted its stake in shares of Northwest Natural by 74.1% in the 4th quarter. KBC Group NV now owns 2,054 shares of the utilities provider’s stock valued at $81,000 after purchasing an additional 874 shares during the last quarter. 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.