Northwest Natural Holding (NYSE:NWN) CEO Sells $21,378.00 in Stock

Northwest Natural Holding (NYSE:NWN) CEO David Hugo Anderson sold 509 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $42.00, for a total transaction of $21,378.00. Following the completion of the sale, the chief executive officer now owns 129,733 shares of the company’s stock, valued at approximately $5,448,786. This represents a 0.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• 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 transaction 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.
• 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 Trading Down 1.4 %

NYSE NWN opened at $41.18 on Friday. 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 firm has a market cap of $1.65 billion, a PE ratio of 19.43 and a beta of 0.62. The company has a 50 day moving average price of $40.11 and a 200 day moving average price of $40.35. Northwest Natural Holding has a 52 week low of $34.82 and a 52 week high of $44.25.

Northwest Natural Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 4.76%. The ex-dividend date of this dividend was Friday, January 31st. Northwest Natural’s dividend payout ratio is presently 92.45%.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus reduced their price objective on shares of Northwest Natural from $45.00 to $44.00 and set a “buy” rating for the company in a research note on Thursday, November 14th.

Institutional Trading of Northwest Natural

Several large investors have recently bought and sold shares of NWN. Thompson Siegel & Walmsley LLC purchased a new stake in Northwest Natural during the 3rd quarter worth approximately $12,250,000. Nuveen Asset Management LLC grew its position in Northwest Natural by 238.2% during the 4th 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 purchased a new stake in Northwest Natural during the 3rd quarter worth approximately $7,390,000. Foundry Partners LLC purchased a new stake in Northwest Natural during the 3rd quarter worth approximately $5,068,000. Finally, JPMorgan Chase & Co. grew its position in Northwest Natural by 47.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 384,324 shares of the utilities provider’s stock worth $15,688,000 after purchasing an additional 123,961 shares during the last quarter. Hedge funds and other 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.