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 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 value of $307,275.00. Following the sale, the chief executive officer now owns 130,242 shares of the company’s stock, valued at approximately $5,336,014.74. The trade was a 5.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 Stock Up 0.3 %

Shares of NYSE NWN opened at $41.55 on Tuesday. The stock has a market cap of $1.67 billion, a PE ratio of 19.60 and a beta of 0.62. Northwest Natural Holding has a 52-week low of $34.82 and a 52-week high of $44.25. The business has a 50-day moving average price of $40.01 and a 200 day moving average price of $40.28. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.72%. Northwest Natural’s dividend payout ratio (DPR) is presently 92.45%.

Institutional Trading of Northwest Natural

Institutional investors and hedge funds have recently bought and sold shares of the business. Capital Performance Advisors LLP purchased a new position in Northwest Natural during the 3rd quarter worth $34,000. Capital Advisors Ltd. LLC grew its holdings in shares of Northwest Natural by 11,111.1% during the fourth quarter. Capital Advisors Ltd. LLC now owns 1,009 shares of the utilities provider’s stock worth $40,000 after buying an additional 1,000 shares during the last quarter. LRI Investments LLC increased its position in Northwest Natural by 692.4% in the 3rd quarter. LRI Investments LLC now owns 1,046 shares of the utilities provider’s stock valued at $43,000 after acquiring an additional 914 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Northwest Natural during the 3rd quarter valued at approximately $61,000. Finally, Point72 DIFC Ltd acquired a new stake in Northwest Natural during the 3rd quarter worth approximately $78,000. Hedge funds and other institutional investors own 75.13% of the company’s stock.

Wall Street Analysts Forecast Growth

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 research 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.