Insider Selling: Northwest Natural Holding (NYSE:NWN) CEO Sells 7,500 Shares of Stock

Northwest Natural Holding (NYSE:NWN) CEO David Hugo Anderson sold 7,500 shares of Northwest Natural stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $41.33, for a total transaction of $309,975.00. Following the completion of the sale, the chief executive officer now owns 137,742 shares in the company, valued at $5,692,876.86. The trade was a 5.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 shares were sold at an average price of $39.78, for a total value of $298,350.00.

Northwest Natural Stock Up 0.3 %

NYSE NWN opened at $39.86 on Friday. Northwest Natural Holding has a 1-year low of $34.82 and a 1-year high of $44.25. The company has a 50 day moving average of $40.87 and a 200-day moving average of $40.02. 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 company has a market cap of $1.60 billion, a price-to-earnings ratio of 18.80 and a beta of 0.62.

Northwest Natural (NYSE:NWN) last posted its earnings results on Tuesday, November 12th. The utilities provider reported ($0.71) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.79) by $0.08. Northwest Natural had a net margin of 6.90% and a return on equity of 5.89%. The firm had revenue of $136.90 million for the quarter, compared to analyst estimates of $132.47 million. During the same period in the previous year, the firm posted ($0.65) EPS. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. On average, equities research analysts expect 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. Stockholders of record on Friday, January 31st will be issued a $0.49 dividend. The ex-dividend date is Friday, January 31st. This represents a $1.96 annualized dividend and a dividend yield of 4.92%. Northwest Natural’s dividend payout ratio is currently 92.45%.

Institutional Trading of Northwest Natural

Several hedge funds have recently added to or reduced their stakes in NWN. Capital Performance Advisors LLP bought a new position in Northwest Natural in the 3rd quarter worth about $34,000. LRI Investments LLC grew its stake in shares of Northwest Natural by 692.4% during the third quarter. LRI Investments LLC now owns 1,046 shares of the utilities provider’s stock valued at $43,000 after buying an additional 914 shares during the last quarter. GAMMA Investing LLC raised its holdings in Northwest Natural by 55.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,235 shares of the utilities provider’s stock valued at $50,000 after buying an additional 439 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Northwest Natural in the 3rd quarter worth approximately $61,000. Finally, Point72 DIFC Ltd bought a new stake in shares of Northwest Natural during the 3rd quarter valued at about $78,000. Institutional investors own 75.13% of the company’s stock.

Analyst Upgrades and Downgrades

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