Insider Selling: Northwest Natural Holding (NYSE:NWN) CEO Sells 7,500 Shares of Stock

Northwest Natural Holding (NYSE:NWN) CEO David Hugo Anderson sold 7,500 shares of Northwest Natural stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $41.46, for a total transaction of $310,950.00. Following the completion of the sale, the chief executive officer now directly owns 117,382 shares in the company, valued at approximately $4,866,657.72. This represents a 6.01 % decrease in their position. The sale was disclosed in a document filed 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 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 value of $309,975.00.

Northwest Natural Stock Up 0.4 %

Shares of NYSE NWN opened at $41.14 on Thursday. The business has a 50-day simple moving average of $40.98 and a two-hundred day simple moving average of $40.64. Northwest Natural Holding has a 52 week low of $34.82 and a 52 week high of $44.25. The company has a market cap of $1.66 billion, a P/E ratio of 19.40 and a beta of 0.59. 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 (NYSE:NWN) last announced its quarterly earnings results 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 the consensus estimate of $395.05 million. During the same period in the previous year, the business earned $1.21 earnings per share. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. Research analysts anticipate that Northwest Natural Holding will post 2.33 earnings per share for the current fiscal year.

Northwest Natural Dividend Announcement

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 dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 4.76%. The ex-dividend date was Friday, January 31st. Northwest Natural’s payout ratio is 96.55%.

Institutional Investors Weigh In On Northwest Natural

Several hedge funds have recently bought and sold shares of NWN. Capital Advisors Ltd. LLC grew its position in Northwest Natural by 11,111.1% in the fourth quarter. Capital Advisors Ltd. LLC now owns 1,009 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 1,000 shares in the last quarter. LRI Investments LLC boosted its stake in Northwest Natural by 692.4% in the third quarter. LRI Investments LLC now owns 1,046 shares of the utilities provider’s stock worth $43,000 after buying an additional 914 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Northwest Natural in the 3rd quarter worth approximately $61,000. Point72 DIFC Ltd purchased a new stake in shares of Northwest Natural in the 3rd quarter valued at $78,000. Finally, KBC Group NV grew its holdings in shares of Northwest Natural by 74.1% during the 4th quarter. KBC Group NV now owns 2,054 shares of the utilities provider’s stock valued at $81,000 after purchasing an additional 874 shares during the last quarter. 75.13% of the stock is currently owned by 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.