Northwest Natural Holding (NYSE:NWN) CEO David Hugo Anderson Sells 7,500 Shares

Northwest Natural Holding (NYSE:NWN) CEO David Hugo Anderson sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $41.46, for a total value of $310,950.00. Following the completion of the sale, the chief executive officer now owns 117,382 shares in the company, valued at $4,866,657.72. The trade was a 6.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 shares were sold at an average price of $42.00, for a total transaction of $21,378.00.
• On Thursday, February 20th, David Hugo Anderson sold 7,500 shares of Northwest Natural stock. The shares were 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 value of $309,975.00.

Northwest Natural Stock Up 0.4 %

Shares of Northwest Natural stock opened at $41.14 on Thursday. The stock’s 50-day moving average is $40.98 and its 200 day moving average is $40.64. Northwest Natural Holding has a one year low of $34.82 and a one year high of $44.25. 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.

Northwest Natural (NYSE:NWN) last announced its quarterly earnings data on Friday, February 28th. The utilities provider reported $1.41 EPS for the quarter, missing the consensus estimate of $1.42 by ($0.01). Northwest Natural had a return on equity of 5.89% and a net margin of 6.90%. The company had revenue of $370.90 million for the quarter, compared to analyst estimates of $395.05 million. During the same period last year, the business earned $1.21 EPS. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. Equities research analysts anticipate that Northwest Natural Holding will post 2.33 EPS for the current year.

Northwest Natural Dividend Announcement

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

Hedge Funds Weigh In On Northwest Natural

Institutional investors have recently modified their holdings of the company. Mutual of America Capital Management LLC raised its holdings in Northwest Natural by 4.5% during the fourth quarter. Mutual of America Capital Management LLC now owns 6,079 shares of the utilities provider’s stock worth $240,000 after buying an additional 263 shares during the last quarter. Arizona State Retirement System increased its holdings in Northwest Natural by 2.5% during the 4th quarter. Arizona State Retirement System now owns 11,223 shares of the utilities provider’s stock worth $444,000 after purchasing an additional 273 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Northwest Natural by 13.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,906 shares of the utilities provider’s stock worth $115,000 after purchasing an additional 345 shares during the last quarter. Guardian Wealth Management Inc. boosted its position in shares of Northwest Natural by 3.2% during the third quarter. Guardian Wealth Management Inc. now owns 12,401 shares of the utilities provider’s stock valued at $506,000 after buying an additional 389 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in Northwest Natural by 4.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,475 shares of the utilities provider’s stock worth $375,000 after buying an additional 400 shares in the last quarter. 75.13% of the stock is owned by institutional investors and hedge funds.

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.