Northwest Natural Holding (NYSE:NWN) CEO David Hugo Anderson Sells 7,500 Shares of Stock

Northwest Natural Holding (NYSE:NWN) CEO David Hugo Anderson sold 7,500 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $40.97, for a total value of $307,275.00. Following the transaction, the chief executive officer now owns 130,242 shares in the company, valued at $5,336,014.74. This trade represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 value of $309,975.00.
• On Friday, December 20th, David Hugo Anderson sold 7,500 shares of Northwest Natural stock. The shares were sold at an average price of $39.78, for a total value of $298,350.00.

Northwest Natural Stock Performance

Shares of NWN stock opened at $41.55 on Tuesday. The firm has a 50 day moving average of $40.01 and a two-hundred day moving average of $40.28. The stock has a market capitalization of $1.67 billion, a PE ratio of 19.60 and a beta of 0.62. 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.

Northwest Natural Announces Dividend

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Northwest Natural

Several large investors have recently bought and sold shares of NWN. Creative Planning acquired a new position in shares of Northwest Natural during the third quarter worth about $211,000. Allspring Global Investments Holdings LLC grew its holdings in Northwest Natural by 1.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 29,507 shares of the utilities provider’s stock worth $1,204,000 after acquiring an additional 457 shares in the last quarter. IFM Investors Pty Ltd purchased a new stake in shares of Northwest Natural in the 3rd quarter valued at approximately $204,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Northwest Natural in the 3rd quarter valued at $270,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in shares of Northwest Natural by 4.4% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 17,531 shares of the utilities provider’s stock worth $716,000 after purchasing an additional 746 shares during the last quarter. Hedge funds and other institutional investors 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.