Insider Selling: Northwest Natural Holding (NYSE:NWN) CEO Sells $309,975.00 in Stock

Northwest Natural Holding (NYSE:NWN) CEO David Hugo Anderson sold 7,500 shares of the 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 transaction, 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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 Price Performance

Shares of NWN opened at $39.86 on Friday. Northwest Natural Holding has a 12-month low of $34.82 and a 12-month high of $44.25. The business’s fifty day moving average is $40.84 and its 200 day moving average is $40.05. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 1.15. The stock has a market cap of $1.60 billion, a P/E ratio of 18.80 and a beta of 0.62.

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

Northwest Natural Dividend Announcement

The business also recently declared 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. This represents a $1.96 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date is Friday, January 31st. Northwest Natural’s payout ratio is currently 92.45%.

Institutional Investors Weigh In On Northwest Natural

A number of institutional investors and hedge funds have recently bought and sold shares of NWN. Asset Management One Co. Ltd. increased its position in shares of Northwest Natural by 2.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 13,978 shares of the utilities provider’s stock valued at $571,000 after purchasing an additional 309 shares during the last quarter. Guardian Wealth Management Inc. increased its position in shares of Northwest Natural by 3.2% during the 3rd quarter. Guardian Wealth Management Inc. now owns 12,401 shares of the utilities provider’s stock valued at $506,000 after purchasing an additional 389 shares during the last quarter. GAMMA Investing LLC increased its position in shares of 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 purchasing an additional 439 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Northwest Natural by 1.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 29,507 shares of the utilities provider’s stock worth $1,204,000 after acquiring an additional 457 shares during the last quarter. Finally, Code Waechter LLC increased its holdings in Northwest Natural by 2.8% in the 4th quarter. Code Waechter LLC now owns 24,295 shares of the utilities provider’s stock worth $961,000 after acquiring an additional 668 shares during the last quarter. 75.13% of the stock is owned by hedge funds and other institutional investors.

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 on the stock in a 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.