David A. Weber Sells 2,183 Shares of Northwest Natural Holding (NYSE:NWN) Stock

Northwest Natural Holding (NYSE:NWN) VP David A. Weber sold 2,183 shares of the business’s stock in a transaction on Monday, March 31st. The stock was sold at an average price of $42.46, for a total transaction of $92,690.18. Following the completion of the transaction, the vice president now owns 255 shares of the company’s stock, valued at approximately $10,827.30. This trade represents a 89.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Northwest Natural Trading Up 0.4 %

NYSE:NWN opened at $43.18 on Thursday. Northwest Natural Holding has a 12-month low of $34.82 and a 12-month high of $44.25. The firm has a market cap of $1.74 billion, a PE ratio of 20.37 and a beta of 0.59. 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 stock has a fifty day moving average price of $41.20 and a 200 day moving average price of $40.75.

Northwest Natural (NYSE:NWN) last announced 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 during the quarter, compared to analysts’ expectations of $395.05 million. Northwest Natural had a net margin of 6.90% and a return on equity of 5.89%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.21 EPS. Sell-side analysts anticipate that Northwest Natural Holding will post 2.33 earnings per share for the current fiscal year.

Northwest Natural Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 4.54%. The ex-dividend date of this dividend was Friday, January 31st. Northwest Natural’s dividend payout ratio (DPR) is 96.55%.

Institutional Investors Weigh In On Northwest Natural

Large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in Northwest Natural by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 4,713,729 shares of the utilities provider’s stock valued at $186,475,000 after acquiring an additional 28,078 shares during the period. State Street Corp grew its stake in shares of Northwest Natural by 2.9% in the 3rd quarter. State Street Corp now owns 1,817,813 shares of the utilities provider’s stock valued at $74,203,000 after purchasing an additional 51,391 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Northwest Natural by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 908,715 shares of the utilities provider’s stock worth $35,958,000 after acquiring an additional 24,510 shares during the period. Dimensional Fund Advisors LP lifted its position in Northwest Natural by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 715,951 shares of the utilities provider’s stock valued at $28,323,000 after purchasing an additional 17,391 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Northwest Natural by 8.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 615,126 shares of the utilities provider’s stock worth $24,334,000 after acquiring an additional 46,135 shares in the last quarter. 75.13% of the stock is owned by institutional investors and hedge funds.

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.