Northwest Natural Gas (NYSE:NWN) Director David Hugo Anderson Sells 328 Shares

Key Points

• David Hugo Anderson, a director at Northwest Natural Gas, sold a total of 328 shares at an average price of $45.00, which decreased his ownership by 0.48% to 67,361 shares.
• Northwest Natural Gas stock traded down 0.4% to $44.19, with a market cap of $1.78 billion and a PE ratio of 17.47.
• The company announced a quarterly dividend of $0.49 per share, representing an annualized yield of 4.4% and a dividend payout ratio of 77.47%.

Northwest Natural Gas Company (NYSE:NWN - Get Free Report) Director David Hugo Anderson sold 328 shares of the firm's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $45.00, for a total transaction of $14,760.00. Following the sale, the director owned 67,361 shares in the company, valued at approximately $3,031,245. This trade represents a 0.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• 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 Trading Down 0.4%

Northwest Natural Gas stock traded down $0.17 during trading hours on Thursday, reaching $44.19. The stock had a trading volume of 171,518 shares, compared to its average volume of 236,190. The company has a fifty day simple moving average of $41.58 and a 200-day simple moving average of $41.50. The stock has a market cap of $1.78 billion, a PE ratio of 17.47 and a beta of 0.57. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.68 and a quick ratio of 0.52. Northwest Natural Gas Company has a 52 week low of $38.03 and a 52 week high of $45.07.

Northwest Natural Gas (NYSE:NWN - Get Free Report) last announced its earnings results on Tuesday, August 5th. The utilities provider reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates of ($0.07) by $0.08. The firm had revenue of $236.19 million for the quarter, compared to analyst estimates 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. Analysts forecast that Northwest Natural Gas Company will post 2.33 EPS for the current fiscal year.

Northwest Natural Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were paid a $0.49 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.4%. Northwest Natural Gas's dividend payout ratio is 77.47%.

Analyst Ratings Changes

NWN has been the topic of several recent analyst reports. Zacks Research raised shares of Northwest Natural Gas to a "hold" rating in a research note on Tuesday, August 12th. Stifel Nicolaus lifted their price objective on shares of Northwest Natural Gas from $45.00 to $49.00 and gave the company a "buy" rating in a research note on Friday, June 13th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Northwest Natural Gas presently has a consensus rating of "Hold" and a consensus target price of $48.00.

Institutional Trading of Northwest Natural Gas

A number of large investors have recently made changes to their positions in the company. Abound Wealth Management purchased a new position in shares of Northwest Natural Gas during the first quarter worth approximately $34,000. EverSource Wealth Advisors LLC grew its holdings in Northwest Natural Gas by 77.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 807 shares of the utilities provider's stock valued at $32,000 after buying an additional 352 shares during the period. MCF Advisors LLC purchased a new stake in shares of Northwest Natural Gas during the 1st quarter worth about $38,000. Hantz Financial Services Inc. grew its holdings 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. Finally, GAMMA Investing LLC boosted its stake in shares of Northwest Natural Gas by 24.6% in the first quarter. GAMMA Investing LLC now owns 1,689 shares of the utilities provider's stock valued at $72,000 after purchasing an additional 334 shares during the period. 75.13% of the stock is currently owned by hedge funds and other institutional investors.

Northwest Natural Gas 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.

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