David Hugo Anderson Sells 7,795 Shares of Northwest Natural Gas (NYSE:NWN) Stock

Key Points

• Director David Hugo Anderson of Northwest Natural Gas sold 7,795 shares for approximately $328,403.35, resulting in a 9.78% decrease in his holdings.
• The company reported $0.01 EPS for the last quarter, exceeding analysts’ expectations of ($0.07), with a revenue of $236.19 million against a forecast of $252.70 million.
• Northwest Natural Gas recently declared a quarterly dividend of $0.49, yielding 4.6%, with a payout ratio of 77.47%.

Northwest Natural Gas Company (NYSE:NWN - Get Free Report) Director David Hugo Anderson sold 7,795 shares of the business's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $42.13, for a total value of $328,403.35. Following the sale, the director directly owned 71,922 shares of the company's stock, valued at approximately $3,030,073.86. This trade represents a 9.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Tuesday, August 19th, David Hugo Anderson sold 7,574 shares of Northwest Natural Gas stock. The shares were sold at an average price of $40.43, for a total value 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 value of $314,700.00.

Northwest Natural Gas Trading Up 0.8%

NWN traded up $0.32 on Monday, reaching $42.85. 197,132 shares of the company's stock were exchanged, compared to its average volume of 237,175. Northwest Natural Gas Company has a twelve month low of $38.03 and a twelve month high of $44.38. The company's 50 day moving average is $41.19 and its 200-day moving average is $41.35. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.52 and a current ratio of 0.68. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 16.94 and a beta of 0.59.

Northwest Natural Gas (NYSE:NWN - Get Free Report) last released its quarterly earnings data 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. Northwest Natural Gas had a net margin of 8.34% and a return on equity of 8.60%. The company had revenue of $236.19 million during the quarter, compared to the consensus estimate of $252.70 million. Northwest Natural Gas has set its FY 2025 guidance at 2.750-2.950 EPS. Equities analysts predict that Northwest Natural Gas Company will post 2.33 earnings per share for the current year.

Northwest Natural Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were given a $0.49 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.96 annualized dividend and a yield of 4.6%. Northwest Natural Gas's dividend payout ratio (DPR) is 77.47%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on NWN shares. Zacks Research upgraded Northwest Natural Gas to a "hold" rating in a research note on Tuesday, August 12th. Stifel Nicolaus upped their price target on Northwest Natural Gas from $45.00 to $49.00 and gave the stock a "buy" rating in a report on Friday, June 13th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Northwest Natural Gas currently has an average rating of "Hold" and an average price target of $48.00.

Institutional Investors Weigh In On Northwest Natural Gas

Several hedge funds and other institutional investors have recently bought and sold shares of NWN. Vanguard Group Inc. grew its position in shares of Northwest Natural Gas by 0.9% during the first quarter. Vanguard Group Inc. now owns 4,755,844 shares of the utilities provider's stock worth $203,170,000 after buying an additional 42,115 shares in the last quarter. State Street Corp boosted its stake in Northwest Natural Gas by 6.7% during the 2nd quarter. State Street Corp now owns 2,083,304 shares of the utilities provider's stock valued at $82,749,000 after acquiring an additional 131,019 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in Northwest Natural Gas during the 2nd quarter worth $48,551,000. Geode Capital Management LLC grew its holdings in Northwest Natural Gas by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 956,771 shares of the utilities provider's stock worth $38,008,000 after acquiring an additional 5,251 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. increased its position in shares of Northwest Natural Gas by 20.7% in the 2nd quarter. Duff & Phelps Investment Management Co. now owns 940,470 shares of the utilities provider's stock worth $37,355,000 after purchasing an additional 161,000 shares during the last quarter. 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.