Insider Selling: Northwest Natural Holding (NYSE:NWN) SVP Sells $81,648.23 in Stock

Northwest Natural Holding (NYSE:NWN) SVP Mardilyn Saathoff sold 1,531 shares of the business’s stock in a transaction that occurred on Thursday, April 1st. The stock was sold at an average price of $53.33, for a total transaction of $81,648.23. Following the sale, the senior vice president now owns 16,056 shares of the company’s stock, valued at approximately $856,266.48. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of NWN opened at $54.14 on Thursday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.36 and a current ratio of 0.44. The stock has a market capitalization of $1.66 billion, a P/E ratio of 26.94, a P/E/G ratio of 5.63 and a beta of 0.44. The company’s fifty day moving average is $51.21 and its two-hundred day moving average is $47.59. Northwest Natural Holding has a 1 year low of $41.71 and a 1 year high of $67.24.

Northwest Natural (NYSE:NWN) last announced its quarterly earnings data on Thursday, February 25th. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.01. The company had revenue of $260.30 million for the quarter, compared to analysts’ expectations of $272.82 million. Northwest Natural had a net margin of 8.08% and a return on equity of 7.17%. Northwest Natural’s revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.20 EPS. Sell-side analysts predict that Northwest Natural Holding will post 2.26 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 12th. Shareholders of record on Friday, January 29th were paid a $0.48 dividend. The ex-dividend date of this dividend was Thursday, January 28th. This represents a $1.92 annualized dividend and a yield of 3.55%. Northwest Natural’s dividend payout ratio is currently 87.67%.

Large investors have recently bought and sold shares of the company. Tompkins Financial Corp acquired a new position in shares of Northwest Natural during the 4th quarter worth $27,000. Defined Wealth Management LLC acquired a new position in shares of Northwest Natural during the 4th quarter worth $31,000. Mcmillion Capital Management Inc. acquired a new position in shares of Northwest Natural during the 4th quarter worth $43,000. Fieldpoint Private Securities LLC acquired a new position in shares of Northwest Natural during the 4th quarter worth $43,000. Finally, Signaturefd LLC grew its stake in shares of Northwest Natural by 96.4% during the 4th quarter. Signaturefd LLC now owns 1,084 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 532 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently commented on the stock. Zacks Investment Research downgraded shares of Northwest Natural from a “buy” rating to a “hold” rating in a research report on Thursday. Stifel Nicolaus assumed coverage on shares of Northwest Natural in a research report on Thursday, December 17th. They issued a “buy” rating and a $61.00 price target for the company. Finally, TheStreet upgraded shares of Northwest Natural from a “c” rating to a “b-” rating in a research report on Wednesday, March 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $54.83.

Northwest Natural Company Profile

Northwest Natural Holding Company, through its subsidiary, Northwest Natural Gas Company, provides regulated natural gas distribution services to residential, commercial, industrial, and transportation customers in Oregon and Southwest Washington. The company also owns and operates 20 Bcf of underground gas storage capacity in Oregon.

Featured Story: Inflation

Receive News & Ratings for Northwest Natural Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northwest Natural and related companies with MarketBeat.com's FREE daily email newsletter.