David Hugo Anderson Sells 509 Shares of Northwest Natural Holding (NYSE:NWN) Stock

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

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 transaction of $298,350.00.

Northwest Natural Trading Down 1.4 %

Shares of NWN opened at $41.18 on Friday. Northwest Natural Holding has a 1-year low of $34.82 and a 1-year high of $44.25. The company has a 50-day moving average of $40.11 and a 200 day moving average of $40.35. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 19.43 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.

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 issued a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.96 dividend on an annualized basis and a yield of 4.76%. Northwest Natural’s payout ratio is 92.45%.

Institutional Investors Weigh In On Northwest Natural

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NWN. Thompson Siegel & Walmsley LLC bought a new stake in Northwest Natural during the 3rd quarter valued at about $12,250,000. Nuveen Asset Management LLC lifted its holdings in Northwest Natural by 238.2% during the 4th quarter. Nuveen Asset Management LLC now owns 376,256 shares of the utilities provider’s stock valued at $14,885,000 after buying an additional 265,013 shares in the last quarter. Glenmede Trust Co. NA bought a new stake in Northwest Natural during the 3rd quarter valued at about $7,390,000. Foundry Partners LLC bought a new stake in shares of Northwest Natural in the 3rd quarter valued at about $5,068,000. Finally, JPMorgan Chase & Co. raised its holdings 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 in the last quarter. Institutional investors own 75.13% of the company’s stock.

Analyst Ratings Changes

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