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

Northwest Natural Holding (NYSE:NWN) VP David A. Weber sold 2,183 shares of Northwest Natural stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Northwest Natural Stock Performance

Shares of NYSE NWN opened at $42.97 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 1.15. The firm’s 50-day moving average price is $41.13 and its two-hundred day moving average price is $40.74. Northwest Natural Holding has a 52-week low of $34.82 and a 52-week high of $44.25. The stock has a market capitalization of $1.73 billion, a P/E ratio of 20.27 and a beta of 0.59.

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

Northwest Natural Announces Dividend

The company also recently disclosed 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 of this dividend was Friday, January 31st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.56%. Northwest Natural’s dividend payout ratio (DPR) is presently 96.55%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in shares of Northwest Natural by 47.6% in the third quarter. JPMorgan Chase & Co. now owns 384,324 shares of the utilities provider’s stock valued at $15,688,000 after purchasing an additional 123,961 shares during the period. Nordea Investment Management AB grew its holdings in Northwest Natural by 26.4% in the 4th quarter. Nordea Investment Management AB now owns 125,032 shares of the utilities provider’s stock worth $4,959,000 after buying an additional 26,152 shares in the last quarter. State Street Corp increased its position in Northwest Natural by 2.9% in the 3rd quarter. State Street Corp now owns 1,817,813 shares of the utilities provider’s stock valued at $74,203,000 after acquiring an additional 51,391 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Northwest Natural by 8.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 615,126 shares of the utilities provider’s stock valued at $24,334,000 after acquiring an additional 46,135 shares in the last quarter. Finally, Barclays PLC boosted its position in Northwest Natural by 351.9% during the 3rd quarter. Barclays PLC now owns 63,703 shares of the utilities provider’s stock worth $2,601,000 after acquiring an additional 49,606 shares during the period. 75.13% of the stock is owned by institutional investors and hedge funds.

Northwest Natural Company Profile

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.