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

Northwest Natural Holding (NYSE:NWN - Get Free Report) CEO David Hugo Anderson sold 7,500 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $41.46, for a total transaction of $310,950.00. Following the completion of the sale, the chief executive officer now directly owns 117,382 shares of the company's stock, valued at $4,866,657.72. This represents a 6.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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 stock was sold at an average price of $42.00, for a total value 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 value 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.

Northwest Natural Price Performance

Shares of NYSE:NWN traded up $0.92 during midday trading on Friday, hitting $42.61. The stock had a trading volume of 253,182 shares, compared to its average volume of 234,676. The company's 50-day moving average price is $41.05 and its 200-day moving average price is $40.68. Northwest Natural Holding has a fifty-two week low of $34.82 and a fifty-two week high of $44.25. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $1.71 billion, a P/E ratio of 20.10 and a beta of 0.59.

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Northwest Natural (NYSE:NWN - Get Free Report) 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 net margin of 6.90% and a return on equity of 5.89%. The firm had revenue of $370.90 million for the quarter, compared to analyst estimates of $395.05 million. During the same quarter in the prior year, the firm earned $1.21 earnings per share. The firm's revenue for the quarter was up 4.3% on a year-over-year basis. As a group, equities research analysts predict that Northwest Natural Holding will post 2.33 EPS for the current fiscal year.

Northwest Natural Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.60%. Northwest Natural's dividend payout ratio (DPR) is currently 96.55%.

Institutional Investors Weigh In On Northwest Natural

A number of hedge funds have recently made changes to their positions in NWN. Vanguard Group Inc. lifted its stake 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 purchasing an additional 28,078 shares during the last quarter. State Street Corp lifted 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 acquiring an additional 51,391 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Northwest Natural by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 908,715 shares of the utilities provider's stock valued at $35,958,000 after acquiring an additional 24,510 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Northwest Natural by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 715,951 shares of the utilities provider's stock valued at $28,323,000 after acquiring an additional 17,391 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in 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 acquiring an additional 46,135 shares during the last quarter. 75.13% of the stock is currently 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.