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

Northwest Natural Holding (NYSE:NWN) CEO David Hugo Anderson sold 7,500 shares of the firm’s stock in a transaction dated 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 owns 137,742 shares of the company’s stock, valued at approximately $5,692,876.86. This represents 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.

David Hugo Anderson also recently made the following trade(s):

• On Friday, December 20th, David Hugo Anderson sold 7,500 shares of Northwest Natural stock. The stock was sold at an average price of $39.78, for a total value of $298,350.00.

Northwest Natural Stock Performance

Shares of NWN opened at $39.86 on Friday. The company has a market cap of $1.60 billion, a PE ratio of 18.80 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. The stock has a 50-day moving average price of $40.84 and a 200-day moving average price of $40.05. Northwest Natural Holding has a 12-month low of $34.82 and a 12-month high of $44.25.

Northwest Natural (NYSE:NWN) last issued its quarterly earnings results on Tuesday, November 12th. The utilities provider reported ($0.71) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.79) by $0.08. The firm had revenue of $136.90 million during the quarter, compared to the consensus estimate of $132.47 million. Northwest Natural had a return on equity of 5.89% and a net margin of 6.90%. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter last year, the company posted ($0.65) EPS. As a group, equities analysts forecast that Northwest Natural Holding will post 2.33 earnings per share for the current fiscal year.

Northwest Natural Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a $0.49 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.96 dividend on an annualized basis and a yield of 4.92%. Northwest Natural’s payout ratio is 92.45%.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus cut their target price on Northwest Natural from $45.00 to $44.00 and set a “buy” rating for the company in a research note on Thursday, November 14th.

Institutional Trading of Northwest Natural

Hedge funds have recently bought and sold shares of the company. Thompson Siegel & Walmsley LLC purchased a new position in Northwest Natural in the 3rd quarter worth approximately $12,250,000. Glenmede Trust Co. NA purchased a new position in Northwest Natural in the 3rd quarter worth approximately $7,390,000. Foundry Partners LLC purchased a new position in Northwest Natural in the 3rd quarter worth approximately $5,068,000. JPMorgan Chase & Co. increased its stake in Northwest Natural by 47.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 384,324 shares of the utilities provider’s stock worth $15,688,000 after purchasing an additional 123,961 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Northwest Natural by 406.0% in the 2nd quarter. Renaissance Technologies LLC now owns 144,198 shares of the utilities provider’s stock worth $5,207,000 after purchasing an additional 115,698 shares during the period. Institutional investors own 75.13% of the company’s stock.

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.