Northwest Natural Holding (NYSE:NWN) VP David A. Weber Sells 2,183 Shares of Stock

Northwest Natural Holding (NYSE:NWN) VP David A. Weber sold 2,183 shares of the stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $42.46, for a total transaction of $92,690.18. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Northwest Natural Price Performance

Shares of NWN stock opened at $42.97 on Wednesday. The firm has a fifty day simple moving average of $41.13 and a 200-day simple moving average of $40.74. The company has a market capitalization of $1.73 billion, a PE ratio of 20.27 and a beta of 0.59. Northwest Natural Holding has a twelve month low of $34.82 and a twelve 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.

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

Northwest Natural Announces Dividend

The firm also recently announced 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. This represents a $1.96 annualized dividend and a dividend yield of 4.56%. The ex-dividend date of this dividend was Friday, January 31st. Northwest Natural’s dividend payout ratio (DPR) is currently 96.55%.

Institutional Trading of Northwest Natural

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nuveen Asset Management LLC grew its holdings in Northwest Natural by 238.2% during the 4th quarter. Nuveen Asset Management LLC now owns 376,256 shares of the utilities provider’s stock worth $14,885,000 after acquiring an additional 265,013 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Northwest Natural by 47.6% during the third quarter. JPMorgan Chase & Co. now owns 384,324 shares of the utilities provider’s stock worth $15,688,000 after purchasing an additional 123,961 shares during the last quarter. Norges Bank acquired a new position in Northwest Natural in the fourth quarter worth about $4,392,000. State Street Corp increased its holdings in Northwest Natural by 2.9% in the third 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 last quarter. Finally, Barclays PLC raised its stake in Northwest Natural by 351.9% during the third quarter. Barclays PLC now owns 63,703 shares of the utilities provider’s stock valued at $2,601,000 after buying an additional 49,606 shares in the last quarter. 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.