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

Northwest Natural Holding (NYSE:NWN) CEO David Hugo Anderson sold 7,500 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $5,336,014.74. This trade represents a 5.44 % decrease in their ownership of the stock. The sale 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 Monday, February 24th, David Hugo Anderson sold 509 shares of Northwest Natural stock. The stock was sold at an average price of $42.00, for a total value of $21,378.00.
• On Tuesday, January 21st, David Hugo Anderson sold 7,500 shares of Northwest Natural stock. The shares were sold at an average price of $41.33, for a total value 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 value of $298,350.00.

Northwest Natural Stock Up 0.0 %

Shares of NYSE:NWN opened at $41.74 on Thursday. The business has a fifty day simple moving average of $40.08 and a 200 day simple moving average of $40.34. Northwest Natural Holding has a 12-month low of $34.82 and a 12-month high of $44.25. The firm has a market cap of $1.68 billion, a P/E ratio of 19.69 and a beta of 0.62. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date was Friday, January 31st. Northwest Natural’s dividend payout ratio is currently 92.45%.

Analysts Set New Price Targets

Separately, Stifel Nicolaus reduced their target price 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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in shares of Northwest Natural in the 3rd quarter valued at $34,000. Capital Advisors Ltd. LLC boosted its position in 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 valued at $40,000 after acquiring an additional 1,000 shares during the last quarter. LRI Investments LLC grew its holdings in Northwest Natural by 692.4% during the 3rd quarter. LRI Investments LLC now owns 1,046 shares of the utilities provider’s stock worth $43,000 after acquiring an additional 914 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Northwest Natural in the 3rd quarter worth about $61,000. Finally, Point72 DIFC Ltd bought a new position in shares of Northwest Natural in the 3rd quarter worth about $78,000. Institutional investors and hedge funds 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.