David Hugo Anderson Sells 4,930 Shares of Northwest Natural Gas (NYSE:NWN) Stock

Key Points

• David Hugo Anderson, a director at Northwest Natural Gas, sold 4,930 shares of the company at an average price of $45.00, resulting in a total transaction of $221,850.00, which decreased his ownership by 7.32%.
• The company has announced a quarterly dividend of $0.4925, a slight increase from the previous dividend of $0.49, with an annualized yield of 4.4%.
• Northwest Natural Gas stock recently traded up 1.5%, reaching $44.48, with a market capitalization of $1.79 billion and three analysts rating it as a hold.

Northwest Natural Gas Company (NYSE:NWN - Get Free Report) Director David Hugo Anderson sold 4,930 shares of Northwest Natural Gas stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $45.00, for a total transaction of $221,850.00. Following the transaction, the director owned 62,431 shares of the company's stock, valued at $2,809,395. The trade was a 7.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

David Hugo Anderson also recently made the following trade(s):

• On Wednesday, October 1st, David Hugo Anderson sold 328 shares of Northwest Natural Gas stock. The shares were sold at an average price of $45.00, for a total transaction of $14,760.00.
• On Tuesday, September 30th, David Hugo Anderson sold 4,233 shares of Northwest Natural Gas stock. The shares were sold at an average price of $45.01, for a total transaction of $190,527.33.
• On Thursday, September 18th, David Hugo Anderson sold 7,795 shares of Northwest Natural Gas stock. The shares were sold at an average price of $42.13, for a total transaction of $328,403.35.
• On Tuesday, August 19th, David Hugo Anderson sold 7,574 shares of Northwest Natural Gas stock. The stock was sold at an average price of $40.43, for a total transaction of $306,216.82.
• On Monday, July 21st, David Hugo Anderson sold 7,500 shares of Northwest Natural Gas stock. The stock was sold at an average price of $41.96, for a total transaction of $314,700.00.

Northwest Natural Gas Stock Up 1.5%

Northwest Natural Gas stock traded up $0.64 during trading hours on Tuesday, hitting $44.48. The stock had a trading volume of 235,082 shares, compared to its average volume of 267,318. The company has a quick ratio of 0.52, a current ratio of 0.68 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $1.79 billion, a P/E ratio of 17.58 and a beta of 0.57. Northwest Natural Gas Company has a 12-month low of $38.03 and a 12-month high of $45.07. The stock's 50-day moving average price is $42.11 and its 200-day moving average price is $41.62.

Northwest Natural Gas (NYSE:NWN - Get Free Report) last issued its earnings results on Tuesday, August 5th. The utilities provider reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.08. The business had revenue of $236.19 million during the quarter, compared to analysts' expectations of $252.70 million. Northwest Natural Gas had a net margin of 8.34% and a return on equity of 8.60%. Northwest Natural Gas has set its FY 2025 guidance at 2.750-2.950 EPS. Equities research analysts anticipate that Northwest Natural Gas Company will post 2.33 EPS for the current fiscal year.

Northwest Natural Gas Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be paid a $0.4925 dividend. This is a boost from Northwest Natural Gas's previous quarterly dividend of $0.49. This represents a $1.97 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Friday, October 31st. Northwest Natural Gas's dividend payout ratio (DPR) is presently 77.47%.

Wall Street Analyst Weigh In

NWN has been the subject of a number of research analyst reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Northwest Natural Gas in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Northwest Natural Gas to a "hold" rating in a research note on Tuesday, August 12th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $48.00.

Hedge Funds Weigh In On Northwest Natural Gas

A number of hedge funds have recently modified their holdings of the company. Arizona State Retirement System grew its stake in shares of Northwest Natural Gas by 2.6% during the 1st quarter. Arizona State Retirement System now owns 11,511 shares of the utilities provider's stock worth $492,000 after purchasing an additional 288 shares during the period. Ameritas Investment Partners Inc. grew its stake in shares of Northwest Natural Gas by 7.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,134 shares of the utilities provider's stock worth $164,000 after purchasing an additional 292 shares during the period. Corebridge Financial Inc. grew its stake in shares of Northwest Natural Gas by 1.5% during the 1st quarter. Corebridge Financial Inc. now owns 20,902 shares of the utilities provider's stock worth $893,000 after purchasing an additional 314 shares during the period. GAMMA Investing LLC grew its stake in shares of Northwest Natural Gas by 24.6% during the 1st quarter. GAMMA Investing LLC now owns 1,689 shares of the utilities provider's stock worth $72,000 after purchasing an additional 334 shares during the period. Finally, Hantz Financial Services Inc. grew its stake in shares of Northwest Natural Gas by 44.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,143 shares of the utilities provider's stock worth $45,000 after purchasing an additional 351 shares during the period. 75.13% of the stock is currently owned by institutional investors.

About Northwest Natural Gas

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.

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