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

Northwest Natural Holding (NYSE:NWN - Get Free Report) CEO David Hugo Anderson sold 7,500 shares of the business's 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 directly owns 130,242 shares of the company's stock, valued at approximately $5,336,014.74. This trade represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 transaction of $21,378.00.
• 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 shares were sold at an average price of $39.78, for a total transaction of $298,350.00.

Northwest Natural Price Performance

Northwest Natural stock traded down $0.56 during trading hours on Thursday, reaching $41.20. 207,473 shares of the stock were exchanged, compared to its average volume of 195,981. The company has a market cap of $1.65 billion, a P/E ratio of 19.42 and a beta of 0.62. The company has a current ratio of 0.72, a quick ratio of 0.53 and a debt-to-equity ratio of 1.15. Northwest Natural Holding has a twelve month low of $34.82 and a twelve month high of $44.25. The stock has a 50 day moving average of $40.08 and a two-hundred day moving average of $40.34.

Northwest Natural Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date of this dividend was Friday, January 31st. Northwest Natural's payout ratio is 92.45%.

Institutional Investors Weigh In On Northwest Natural

A number of institutional investors have recently added to or reduced their stakes in NWN. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Northwest Natural by 5.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 139,823 shares of the utilities provider's stock valued at $5,531,000 after acquiring an additional 6,870 shares during the period. Tidal Investments LLC lifted its position in shares of Northwest Natural by 18.5% during the 4th quarter. Tidal Investments LLC now owns 17,313 shares of the utilities provider's stock valued at $685,000 after acquiring an additional 2,704 shares during the period. ProShare Advisors LLC lifted its position in shares of Northwest Natural by 4.6% during the 4th quarter. ProShare Advisors LLC now owns 200,265 shares of the utilities provider's stock valued at $7,922,000 after acquiring an additional 8,747 shares during the period. Man Group plc lifted its position in shares of Northwest Natural by 160.5% during the 4th quarter. Man Group plc now owns 16,320 shares of the utilities provider's stock valued at $646,000 after acquiring an additional 10,054 shares during the period. Finally, Nuveen Asset Management LLC raised its holdings in Northwest Natural by 238.2% during the fourth quarter. Nuveen Asset Management LLC now owns 376,256 shares of the utilities provider's stock worth $14,885,000 after buying an additional 265,013 shares during the last quarter. 75.13% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

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.