Northwest Natural Holding (NYSE:NWN) CEO David Hugo Anderson Sells 7,500 Shares

Northwest Natural Holding (NYSE:NWN) CEO David Hugo Anderson sold 7,500 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $40.97, for a total transaction of $307,275.00. Following the transaction, the chief executive officer now owns 130,242 shares in the company, valued at approximately $5,336,014.74. The trade was a 5.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 stock was sold at an average price of $39.78, for a total transaction of $298,350.00.

Northwest Natural Stock Performance

NYSE NWN opened at $41.78 on Wednesday. The stock has a market cap of $1.68 billion, a P/E ratio of 19.71 and a beta of 0.62. The company’s 50-day simple moving average is $40.03 and its 200 day simple moving average is $40.33. Northwest Natural Holding has a twelve month low of $34.82 and a twelve month high of $44.25. 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. Investors of record on Friday, January 31st were paid a $0.49 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.96 dividend on an annualized basis and a yield of 4.69%. Northwest Natural’s payout ratio is currently 92.45%.

Analyst Ratings Changes

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

Institutional Trading of Northwest Natural

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mutual of America Capital Management LLC increased its stake in Northwest Natural by 4.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 6,079 shares of the utilities provider’s stock valued at $240,000 after acquiring an additional 263 shares during the period. Arizona State Retirement System boosted its position in Northwest Natural by 2.5% in the fourth quarter. Arizona State Retirement System now owns 11,223 shares of the utilities provider’s stock valued at $444,000 after buying an additional 273 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in Northwest Natural by 2.3% in the third quarter. Asset Management One Co. Ltd. now owns 13,978 shares of the utilities provider’s stock valued at $571,000 after buying an additional 309 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in Northwest Natural by 13.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,906 shares of the utilities provider’s stock valued at $115,000 after buying an additional 345 shares in the last quarter. Finally, Guardian Wealth Management Inc. boosted its position in Northwest Natural by 3.2% in the third quarter. Guardian Wealth Management Inc. now owns 12,401 shares of the utilities provider’s stock valued at $506,000 after buying an additional 389 shares in the last quarter. Institutional investors 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.