Northwest Natural (NWN) Projected to Post Quarterly Earnings on Friday

Northwest Natural (NYSE:NWN - Get Free Report) is projected to issue its quarterly earnings data before the market opens on Friday, February 28th. Analysts expect the company to announce earnings of $1.42 per share and revenue of $395.05 million for the quarter. Parties interested in listening to the company's earnings conference call can do so using this link.

Northwest Natural Trading Up 0.3 %

Shares of NYSE:NWN traded up $0.13 during midday trading on Monday, hitting $41.55. The company had a trading volume of 241,750 shares, compared to its average volume of 193,099. The firm has a fifty day simple moving average of $40.01 and a 200 day simple moving average of $40.28. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 19.60 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 has a 12 month low of $34.82 and a 12 month high of $44.25.

Northwest Natural Announces Dividend

The business 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 4.72%. The ex-dividend date was Friday, January 31st. Northwest Natural's dividend payout ratio (DPR) is currently 92.45%.

Insider Buying and Selling

In related news, CEO David Hugo Anderson sold 7,500 shares of the business's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $41.33, for a total value of $309,975.00. Following the completion of the transaction, the chief executive officer now directly owns 137,742 shares in the company, valued at approximately $5,692,876.86. The trade was a 5.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders have sold 22,500 shares of company stock valued at $915,600. 0.84% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus decreased their price objective 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.

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.