Northwest Natural Holding (NYSE:NWN) VP Sells $92,690.18 in Stock

Northwest Natural Holding (NYSE:NWN) VP David A. Weber sold 2,183 shares of Northwest Natural stock in a transaction on Monday, March 31st. The stock was sold at an average price of $42.46, for a total value of $92,690.18. Following the transaction, the vice president now directly owns 255 shares of the company’s stock, valued at $10,827.30. This trade represents a 89.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Northwest Natural Stock Up 0.4 %

NWN stock opened at $43.18 on Thursday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.72 and a quick ratio of 0.53. Northwest Natural Holding has a 12 month low of $34.82 and a 12 month high of $44.25. The firm has a market capitalization of $1.74 billion, a PE ratio of 20.37 and a beta of 0.59. The company’s 50 day simple moving average is $41.20 and its 200-day simple moving average is $40.75.

Northwest Natural (NYSE:NWN) last released its quarterly earnings results on Friday, February 28th. The utilities provider reported $1.41 earnings per share for the quarter, missing the consensus estimate of $1.42 by ($0.01). Northwest Natural had a return on equity of 5.89% and a net margin of 6.90%. The company had revenue of $370.90 million for the quarter, compared to analysts’ expectations of $395.05 million. During the same period in the previous year, the business posted $1.21 EPS. The business’s quarterly revenue was up 4.3% on a year-over-year basis. Equities analysts expect that Northwest Natural Holding will post 2.33 earnings per share for the current fiscal year.

Northwest Natural Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.96 annualized dividend and a dividend yield of 4.54%. Northwest Natural’s dividend payout ratio is currently 96.55%.

Institutional Investors Weigh In On Northwest Natural

A number of hedge funds and other institutional investors have recently modified their holdings of NWN. Mutual of America Capital Management LLC boosted its position in Northwest Natural by 4.5% during the fourth quarter. Mutual of America Capital Management LLC now owns 6,079 shares of the utilities provider’s stock worth $240,000 after acquiring an additional 263 shares during the last quarter. Arizona State Retirement System grew its position in shares of Northwest Natural by 2.5% in the fourth quarter. Arizona State Retirement System now owns 11,223 shares of the utilities provider’s stock valued at $444,000 after purchasing an additional 273 shares during the period. Steward Partners Investment Advisory LLC lifted its position in Northwest Natural by 13.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,906 shares of the utilities provider’s stock worth $115,000 after buying an additional 345 shares during the period. Guardian Wealth Management Inc. boosted its stake in Northwest Natural by 3.2% in the 3rd quarter. Guardian Wealth Management Inc. now owns 12,401 shares of the utilities provider’s stock worth $506,000 after buying an additional 389 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in Northwest Natural by 4.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,475 shares of the utilities provider’s stock valued at $375,000 after buying an additional 400 shares during the period. 75.13% of the stock is currently owned by hedge funds and other 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.