Northwest Natural Holding (NYSE:NWN) CEO Sells $307,275.00 in Stock

Northwest Natural Holding (NYSE:NWN) CEO David Hugo Anderson sold 7,500 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $40.97, for a total transaction of $307,275.00. Following the completion of the transaction, the chief executive officer now owns 130,242 shares in the company, valued at $5,336,014.74. This trade represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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 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 Trading Up 0.0 %

NWN opened at $41.74 on Thursday. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 19.69 and a beta of 0.62. 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 Holding has a twelve month low of $34.82 and a twelve month high of $44.25. The company has a 50-day simple moving average of $40.08 and a 200 day simple moving average of $40.34.

Northwest Natural Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders 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 dividend yield of 4.70%. The ex-dividend date of this dividend was Friday, January 31st. Northwest Natural’s dividend payout ratio (DPR) is presently 92.45%.

Analysts Set New Price Targets

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

Institutional Trading of Northwest Natural

Several large investors have recently made changes to their positions in the company. Creative Planning acquired a new stake in shares of Northwest Natural in the 3rd quarter valued at $211,000. Allspring Global Investments Holdings LLC lifted its position in shares of Northwest Natural by 1.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 29,507 shares of the utilities provider’s stock worth $1,204,000 after buying an additional 457 shares during the last quarter. IFM Investors Pty Ltd acquired a new stake in Northwest Natural in the third quarter valued at about $204,000. Wealth Enhancement Advisory Services LLC bought a new position in Northwest Natural in the third quarter valued at about $270,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in Northwest Natural by 4.4% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 17,531 shares of the utilities provider’s stock worth $716,000 after acquiring an additional 746 shares in the last quarter. Institutional investors and hedge funds 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.