Northwest Natural Holding (NYSE:NWN) Director Sells $322,500.00 in Stock

Northwest Natural Holding (NYSE:NWN) Director David Hugo Anderson sold 7,500 shares of Northwest Natural stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $43.00, for a total value of $322,500.00. Following the completion of the transaction, the director now owns 109,882 shares of the company’s stock, valued at $4,724,926. The trade was a 6.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Monday, March 24th, David Hugo Anderson sold 7,500 shares of Northwest Natural stock. The shares were sold at an average price of $41.46, for a total transaction of $310,950.00.
• 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 transaction 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 value of $307,275.00.

Northwest Natural Trading Up 0.1 %

NWN opened at $44.01 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.53 and a current ratio of 0.72. Northwest Natural Holding has a one year low of $34.82 and a one year high of $44.38. The company has a market cap of $1.77 billion, a P/E ratio of 20.76 and a beta of 0.56. The business’s 50-day simple moving average is $41.85 and its 200-day simple moving average is $41.02.

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 company had revenue of $370.90 million during the quarter, compared to analysts’ expectations of $395.05 million. During the same quarter in the prior year, the company earned $1.21 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, equities research analysts expect that Northwest Natural Holding will post 2.33 EPS for the current fiscal year.

Northwest Natural Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be given a $0.49 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $1.96 dividend on an annualized basis and a yield of 4.45%. Northwest Natural’s dividend payout ratio (DPR) is presently 96.55%.

Hedge Funds Weigh In On Northwest Natural

Several large investors have recently bought and sold shares of the stock. Barclays PLC lifted its holdings in shares of Northwest Natural by 351.9% in the 3rd quarter. Barclays PLC now owns 63,703 shares of the utilities provider’s stock valued at $2,601,000 after purchasing an additional 49,606 shares during the last quarter. Geode Capital Management LLC lifted its stake in Northwest Natural by 1.8% in the third quarter. Geode Capital Management LLC now owns 884,205 shares of the utilities provider’s stock valued at $36,101,000 after buying an additional 15,289 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Northwest Natural in the third quarter valued at approximately $270,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Northwest Natural during the third quarter worth approximately $61,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Northwest Natural by 47.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 384,324 shares of the utilities provider’s stock valued at $15,688,000 after acquiring an additional 123,961 shares during the period. Institutional investors and hedge funds own 75.13% of the company’s stock.

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.