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

Northwest Natural Holding (NYSE:NWN - Get Free Report) VP David A. Weber sold 2,183 shares of the firm's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $42.46, for a total value of $92,690.18. Following the completion of the transaction, the vice president now owns 255 shares in the company, valued at $10,827.30. This represents a 89.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Northwest Natural Stock Performance

NWN stock traded down $2.28 during midday trading on Friday, hitting $41.08. The company's stock had a trading volume of 413,387 shares, compared to its average volume of 235,756. Northwest Natural Holding has a 1 year low of $34.82 and a 1 year high of $44.25. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 19.38 and a beta of 0.56. The stock's 50-day moving average price is $41.30 and its 200 day moving average price is $40.78. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 1.15.

Northwest Natural (NYSE:NWN - Get Free Report) last posted its quarterly earnings data on Friday, February 28th. The utilities provider reported $1.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $395.05 million. During the same quarter last year, the business posted $1.21 EPS. The business's quarterly revenue was up 4.3% on a year-over-year basis. On average, equities analysts forecast that Northwest Natural Holding will post 2.33 EPS for the current year.

Northwest Natural Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a $0.49 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.96 annualized dividend and a dividend yield of 4.77%. Northwest Natural's payout ratio is 96.55%.

Institutional Trading of Northwest Natural

Hedge funds and other institutional investors have recently modified their holdings of the business. Capital Advisors Ltd. LLC raised its holdings in Northwest Natural by 11,111.1% during the 4th quarter. Capital Advisors Ltd. LLC now owns 1,009 shares of the utilities provider's stock valued at $40,000 after acquiring an additional 1,000 shares during the period. LRI Investments LLC raised its stake in Northwest Natural by 692.4% in the third quarter. LRI Investments LLC now owns 1,046 shares of the utilities provider's stock valued at $43,000 after purchasing an additional 914 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Northwest Natural during the third quarter valued at approximately $61,000. Point72 DIFC Ltd purchased a new position in Northwest Natural in the third quarter worth $78,000. Finally, KBC Group NV boosted its holdings in shares of Northwest Natural by 74.1% in the 4th quarter. KBC Group NV now owns 2,054 shares of the utilities provider's stock worth $81,000 after purchasing an additional 874 shares in the last quarter. Institutional investors 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.