Northwest Natural Holding (NYSE:NWN) CEO Sells $310,950.00 in Stock

Northwest Natural Holding (NYSE:NWN) CEO David Hugo Anderson sold 7,500 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $41.46, for a total value of $310,950.00. Following the completion of the sale, the chief executive officer now owns 117,382 shares in the company, valued at approximately $4,866,657.72. This trade represents a 6.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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 shares were sold at an average price of $42.00, for a total value of $21,378.00.
• On Thursday, February 20th, David Hugo Anderson sold 7,500 shares of Northwest Natural stock. The shares were sold at an average price of $40.97, for a total value of $307,275.00.
• 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.

Northwest Natural Stock Up 1.2 %

Shares of NYSE:NWN opened at $41.68 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.53 and a current ratio of 0.72. The business’s 50 day simple moving average is $41.01 and its two-hundred day simple moving average is $40.65. The firm has a market cap of $1.68 billion, a P/E ratio of 19.66 and a beta of 0.59. Northwest Natural Holding has a 52-week low of $34.82 and a 52-week high of $44.25.

Northwest Natural (NYSE:NWN) last posted its quarterly earnings data on Friday, February 28th. The utilities provider reported $1.41 EPS for the quarter, missing the consensus estimate of $1.42 by ($0.01). Northwest Natural had a net margin of 6.90% and a return on equity of 5.89%. The firm had revenue of $370.90 million during the quarter, compared to analysts’ expectations of $395.05 million. During the same quarter in the previous year, the company posted $1.21 EPS. Northwest Natural’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, research analysts forecast that Northwest Natural Holding will post 2.33 EPS for the current fiscal year.

Northwest Natural Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.49 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.70%. Northwest Natural’s payout ratio is 96.55%.

Institutional Investors Weigh In On Northwest Natural

Several institutional investors have recently bought and sold shares of NWN. Nuveen Asset Management LLC grew its stake in shares of Northwest Natural by 238.2% in the fourth quarter. Nuveen Asset Management LLC now owns 376,256 shares of the utilities provider’s stock worth $14,885,000 after purchasing an additional 265,013 shares during the last quarter. Glenmede Trust Co. NA bought a new stake in shares of Northwest Natural during the 3rd quarter valued at $7,390,000. JPMorgan Chase & Co. increased its stake in shares of 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 acquiring an additional 123,961 shares in the last quarter. Norges Bank purchased a new position in shares of Northwest Natural during the fourth quarter valued at approximately $4,392,000. Finally, State Street Corp raised its stake in Northwest Natural by 2.9% during the third quarter. State Street Corp now owns 1,817,813 shares of the utilities provider’s stock valued at $74,203,000 after buying an additional 51,391 shares during the last quarter. 75.13% of the stock is currently owned by hedge funds and other institutional investors.

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.