Northwest Natural Holding (NYSE:NWN) CEO Sells $307,275.00 in Stock

Northwest Natural Holding (NYSE:NWN) CEO David Hugo Anderson sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $40.97, for a total transaction of $307,275.00. Following the transaction, the chief executive officer now directly owns 130,242 shares of the company’s stock, valued at approximately $5,336,014.74. This represents a 5.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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 shares were 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 value of $298,350.00.

Northwest Natural Trading Up 0.3 %

Shares of Northwest Natural stock traded up $0.13 during trading on Monday, reaching $41.55. The company’s stock had a trading volume of 241,749 shares, compared to its average volume of 193,099. 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 Holding has a 52-week low of $34.82 and a 52-week high of $44.25. The firm’s 50-day moving average is $40.01 and its two-hundred day moving average is $40.28. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 19.60 and a beta of 0.62.

Northwest Natural Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a dividend of $0.49 per share. The ex-dividend date was Friday, January 31st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.72%. Northwest Natural’s dividend payout ratio (DPR) is currently 92.45%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Northwest Natural

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Northwest Natural by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 4,713,729 shares of the utilities provider’s stock worth $186,475,000 after purchasing an additional 28,078 shares during the last quarter. State Street Corp boosted its position in Northwest Natural by 2.9% during the 3rd 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 period. Geode Capital Management LLC grew its holdings in Northwest Natural by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 908,715 shares of the utilities provider’s stock worth $35,958,000 after acquiring an additional 24,510 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Northwest Natural by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 715,951 shares of the utilities provider’s stock valued at $28,323,000 after acquiring an additional 17,391 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Northwest Natural by 8.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 615,126 shares of the utilities provider’s stock valued at $24,334,000 after acquiring an additional 46,135 shares during the last quarter. 75.13% of the stock is owned by hedge funds and other institutional investors.

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.