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 the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was 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 approximately $5,692,876.86. This trade represents a 5.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 Up 0.3 %

Shares of NYSE NWN opened at $39.86 on Friday. Northwest Natural Holding has a 52-week low of $34.82 and a 52-week high of $44.25. 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 cap of $1.60 billion, a P/E ratio of 18.80 and a beta of 0.62. The firm has a 50 day moving average price of $40.87 and a 200 day moving average price of $40.02.

Northwest Natural (NYSE:NWN) last announced its quarterly earnings results on Tuesday, November 12th. The utilities provider reported ($0.71) earnings per share (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 company had revenue of $136.90 million during the quarter, compared to analyst estimates of $132.47 million. During the same quarter in the previous year, the business earned ($0.65) EPS. The firm’s revenue was down 3.3% on a year-over-year basis. Analysts expect that Northwest Natural Holding will post 2.33 EPS for the current year.

Northwest Natural Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a dividend of $0.49 per share. The ex-dividend date is Friday, January 31st. This represents a $1.96 dividend on an annualized basis and a yield of 4.92%. Northwest Natural’s payout ratio is 92.45%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Thompson Siegel & Walmsley LLC bought a new stake in shares of Northwest Natural during the third quarter worth $12,250,000. Glenmede Trust Co. NA acquired a new position in Northwest Natural in the 3rd quarter worth $7,390,000. Foundry Partners LLC bought a new position in Northwest Natural during the 3rd quarter worth about $5,068,000. JPMorgan Chase & Co. raised its stake in shares of Northwest Natural by 47.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 384,324 shares of the utilities provider’s stock valued at $15,688,000 after purchasing an additional 123,961 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of Northwest Natural by 406.0% in the second quarter. Renaissance Technologies LLC now owns 144,198 shares of the utilities provider’s stock valued at $5,207,000 after purchasing an additional 115,698 shares in 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.