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 Northwest Natural stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $40.97, for a total transaction of $307,275.00. Following the sale, the chief executive officer now owns 130,242 shares in the company, valued at approximately $5,336,014.74. This represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

David Hugo Anderson also recently made the following trade(s):

• 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.
• 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 value of $298,350.00.

Northwest Natural Trading Up 0.3 %

Shares of NWN traded up $0.13 during trading hours on Monday, hitting $41.55. 241,749 shares of the stock were exchanged, compared to its average volume of 193,099. Northwest Natural Holding has a fifty-two week low of $34.82 and a fifty-two week high of $44.25. The business has a 50-day moving average of $40.01 and a 200-day moving average of $40.28. The firm has a market capitalization of $1.67 billion, a P/E ratio of 19.60 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date of this dividend was Friday, January 31st. Northwest Natural’s dividend payout ratio is 92.45%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Northwest Natural

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Northwest Natural by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 4,713,729 shares of the utilities provider’s stock worth $186,475,000 after buying an additional 28,078 shares during the period. State Street Corp grew its holdings in Northwest Natural by 2.9% in the third quarter. State Street Corp now owns 1,817,813 shares of the utilities provider’s stock worth $74,203,000 after purchasing an additional 51,391 shares during the period. Geode Capital Management LLC increased its stake in Northwest Natural by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 908,715 shares of the utilities provider’s stock valued at $35,958,000 after purchasing an additional 24,510 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Northwest Natural by 2.5% during 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. boosted its position in shares of Northwest Natural by 8.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 615,126 shares of the utilities provider’s stock worth $24,334,000 after purchasing an additional 46,135 shares in the last quarter. Institutional investors and hedge funds 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.