Northwest Natural (NWN) to Release Earnings on Friday

Northwest Natural (NYSE:NWN) will likely be releasing its earnings data before the market opens on Friday, February 28th. Analysts expect Northwest Natural to post earnings of $1.42 per share and revenue of $395.05 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Northwest Natural Trading Up 0.0 %

Shares of Northwest Natural stock opened at $41.74 on Thursday. The company has a fifty day simple moving average of $40.08 and a 200-day simple moving average of $40.34. Northwest Natural has a 12-month low of $34.82 and a 12-month high of $44.25. The company has a current ratio of 0.72, a quick ratio of 0.53 and a debt-to-equity ratio of 1.15. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 19.69 and a beta of 0.62.

Northwest Natural Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a $0.49 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.96 annualized dividend and a yield of 4.70%. Northwest Natural’s dividend payout ratio (DPR) is 92.45%.

Insiders Place Their Bets

In other Northwest Natural news, CEO David Hugo Anderson sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $41.33, for a total transaction of $309,975.00. Following the sale, the chief executive officer now directly owns 137,742 shares of the company’s stock, valued at $5,692,876.86. This trade represents a 5.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 23,009 shares of company stock valued at $936,978 in the last ninety days. Insiders own 0.84% of the company’s stock.

Analyst Ratings Changes

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

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.