Northwest Natural (NWN) Projected to Post Earnings on Friday

Northwest Natural (NYSE:NWN) is expected to announce its earnings results before the market opens on Friday, February 28th. Analysts expect Northwest Natural to post earnings of $1.42 per share and revenue of $395.05 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Northwest Natural Stock Up 0.7 %

Northwest Natural stock opened at $41.78 on Wednesday. The company’s 50 day simple moving average is $40.03 and its 200 day simple moving average is $40.33. Northwest Natural has a fifty-two week low of $34.82 and a fifty-two week high of $44.25. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 19.71 and a beta of 0.62. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.72 and a quick ratio of 0.53.

Northwest Natural Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date was Friday, January 31st. Northwest Natural’s payout ratio is currently 92.45%.

Insider Buying and Selling at Northwest Natural

In other Northwest Natural news, CEO David Hugo Anderson sold 7,500 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $41.33, for a total value of $309,975.00. Following the transaction, the chief executive officer now directly owns 137,742 shares in the company, valued at $5,692,876.86. The trade was a 5.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 22,500 shares of company stock worth $915,600 over the last ninety days. Insiders own 0.84% of the company’s stock.

Analysts Set New Price Targets

Separately, Stifel Nicolaus lowered their price objective on shares of Northwest Natural from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Thursday, November 14th.

About Northwest Natural

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.