Key Points
- David Hugo Anderson sold 7,468 NWN shares on Nov. 17 at an average price of $47.95 for $358,090.60, reducing his holdings by 16.81% after multiple prior sales in September–October.
- Northwest Natural reported Q results with EPS of ($0.73), beating estimates by $0.09 and revenue up 20.3% YoY to $164.73M (still below revenue estimates); analysts have a consensus Moderate Buy rating and a $50.67 price target.
- Management raised the quarterly dividend to $0.4925 (annualized $1.97), implying a ~4.1% yield and a dividend payout ratio of 78.49%.
Northwest Natural Gas Company (NYSE:NWN - Get Free Report) Director David Hugo Anderson sold 7,468 shares of the business's stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $47.95, for a total transaction of $358,090.60. Following the sale, the director owned 36,954 shares in the company, valued at $1,771,944.30. This represents a 16.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
David Hugo Anderson also recently made the following trade(s):
- On Monday, October 20th, David Hugo Anderson sold 7,500 shares of Northwest Natural Gas stock. The shares were sold at an average price of $46.39, for a total transaction of $347,925.00.
- On Wednesday, October 15th, David Hugo Anderson sold 10,509 shares of Northwest Natural Gas stock. The stock was sold at an average price of $45.00, for a total transaction of $472,905.00.
- On Friday, October 10th, David Hugo Anderson sold 4,930 shares of Northwest Natural Gas stock. The shares were sold at an average price of $45.00, for a total transaction of $221,850.00.
- 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 value of $14,760.00.
- On Tuesday, September 30th, David Hugo Anderson sold 4,233 shares of Northwest Natural Gas stock. The stock was sold at an average price of $45.01, for a total value 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 value of $328,403.35.
Northwest Natural Gas Stock Up 0.2%
NYSE:NWN opened at $47.56 on Wednesday. The business's fifty day moving average price is $45.16 and its 200 day moving average price is $42.41. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 18.80 and a beta of 0.57. The company has a current ratio of 0.68, a quick ratio of 0.52 and a debt-to-equity ratio of 1.43. Northwest Natural Gas Company has a 1-year low of $38.03 and a 1-year high of $48.50.
Northwest Natural Gas (NYSE:NWN - Get Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The utilities provider reported ($0.73) EPS for the quarter, topping analysts' consensus estimates of ($0.82) by $0.09. The firm had revenue of $164.73 million during the quarter, compared to analyst estimates of $174.66 million. Northwest Natural Gas had a return on equity of 8.60% and a net margin of 8.34%.The business's quarterly revenue was up 20.3% compared to the same quarter last year. During the same period last year, the company posted ($0.71) EPS. On average, sell-side analysts forecast that Northwest Natural Gas Company will post 2.33 earnings per share for the current fiscal year.
Northwest Natural Gas Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 31st were paid a $0.4925 dividend. The ex-dividend date was Friday, October 31st. This represents a $1.97 annualized dividend and a yield of 4.1%. This is a boost from Northwest Natural Gas's previous quarterly dividend of $0.49. Northwest Natural Gas's dividend payout ratio (DPR) is currently 78.49%.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on NWN. Zacks Research raised shares of Northwest Natural Gas to a "hold" rating in a research note on Tuesday, August 12th. BTIG Research raised shares of Northwest Natural Gas to a "strong-buy" rating in a research note on Wednesday, October 22nd. Weiss Ratings reiterated a "hold (c)" rating on shares of Northwest Natural Gas in a report on Wednesday, October 8th. Finally, Stifel Nicolaus lifted their price objective on Northwest Natural Gas from $50.00 to $52.00 and gave the company a "buy" rating in a research report on Wednesday, November 12th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $50.67.
Read Our Latest Stock Report on Northwest Natural Gas
Institutional Trading of Northwest Natural Gas
Large investors have recently added to or reduced their stakes in the business. Vaughan Nelson Investment Management L.P. bought a new stake in Northwest Natural Gas in the second quarter worth $48,551,000. Nuveen LLC bought a new position in Northwest Natural Gas during the first quarter valued at about $16,007,000. MetLife Investment Management LLC lifted its position in shares of Northwest Natural Gas by 1,493.6% in the first quarter. MetLife Investment Management LLC now owns 368,660 shares of the utilities provider's stock worth $15,749,000 after buying an additional 345,526 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of Northwest Natural Gas by 577.6% in the second quarter. Prudential Financial Inc. now owns 266,698 shares of the utilities provider's stock worth $10,593,000 after buying an additional 227,336 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. boosted its stake in shares of Northwest Natural Gas by 20.7% during the 2nd quarter. Duff & Phelps Investment Management Co. now owns 940,470 shares of the utilities provider's stock worth $37,355,000 after acquiring an additional 161,000 shares in the last quarter. 75.13% of the stock is owned by institutional investors.
Northwest Natural Gas Company Profile
(
Get Free Report)
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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