Northwest Natural Holding (NYSE:NWN) CEO Sells $21,378.00 in Stock

Northwest Natural Holding (NYSE:NWN - Get Free Report) CEO David Hugo Anderson sold 509 shares of the business's 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 completion of the transaction, the chief executive officer now directly owns 129,733 shares in the company, valued at $5,448,786. This trade represents a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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 shares were sold at an average price of $39.78, for a total transaction of $298,350.00.

Northwest Natural Stock Performance

NYSE NWN traded down $0.31 during trading on Friday, hitting $40.83. 319,234 shares of the company's stock traded hands, compared to its average volume of 204,811. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 19.26 and a beta of 0.62. Northwest Natural Holding has a 12-month low of $34.82 and a 12-month high of $44.25. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.53 and a current ratio of 0.72. The business has a 50 day moving average of $40.14 and a 200-day moving average of $40.40.

Northwest Natural (NYSE:NWN - Get Free Report) last announced its quarterly earnings results on Friday, February 28th. The utilities provider reported $1.41 earnings per share 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 company had revenue of $370.90 million for the quarter, compared to the consensus estimate of $395.05 million. During the same quarter in the prior year, the company earned $1.21 earnings per share. The company's quarterly revenue was up 4.3% on a year-over-year basis. As a group, equities research analysts anticipate that Northwest Natural Holding will post 2.33 earnings per share for the current fiscal year.

Northwest Natural Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 4.80%. The ex-dividend date was Friday, January 31st. Northwest Natural's dividend payout ratio is presently 92.45%.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus dropped their price objective on shares of Northwest Natural from $45.00 to $44.00 and set a "buy" rating on the stock in a report on Thursday, November 14th.

Institutional Investors Weigh In On Northwest Natural

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Mutual of America Capital Management LLC increased its position in shares of 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 valued at $240,000 after buying an additional 263 shares during the period. Arizona State Retirement System increased its position in shares of Northwest Natural by 2.5% during the fourth quarter. Arizona State Retirement System now owns 11,223 shares of the utilities provider's stock valued at $444,000 after buying an additional 273 shares during the period. Asset Management One Co. Ltd. increased its position in shares of Northwest Natural by 2.3% during the third quarter. Asset Management One Co. Ltd. now owns 13,978 shares of the utilities provider's stock valued at $571,000 after buying an additional 309 shares during the period. Steward Partners Investment Advisory LLC increased its position 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. Finally, Guardian Wealth Management Inc. increased its position in shares of Northwest Natural by 3.2% in the third quarter. Guardian Wealth Management Inc. now owns 12,401 shares of the utilities provider's stock worth $506,000 after purchasing an additional 389 shares during the last quarter. 75.13% of the stock is currently owned by institutional investors.

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.