Northwest Natural CEO David Anderson sells $649,062 in stock

David Hugo Anderson, CEO of Northwest Natural Holding Co (NYSE:NWN), recently sold 15,452 shares of the company’s common stock. The transaction, conducted on March 3, 2025, was executed under a pre-established Rule 10b5-1 trading plan. The shares were sold at a weighted average price of $42.0051, amounting to a total transaction value of $649,062. According to InvestingPro data, the stock has gained nearly 19% over the past year and currently offers a 4.66% dividend yield.

Following the sale, Anderson retains direct ownership of 138,378 shares. Additionally, he holds 10,256 shares indirectly through Northwest Natural’s Deferred Compensation Plan, as well as other holdings in a trust and a joint tenant account. Notably, InvestingPro analysis reveals the company has maintained and raised its dividend for 54 consecutive years, demonstrating strong commitment to shareholder returns.

This move comes as Anderson prepares for his retirement, effective April 1, 2025. The trading plan, established in September 2024, was designed to allow Anderson to diversify his holdings in anticipation of his upcoming retirement. With a FAIR financial health rating from InvestingPro and analysts predicting profitability this year, the company appears well-positioned for this leadership transition. Get detailed insights and more exclusive ProTips in the comprehensive Pro Research Report available for NWN and 1,400+ other US stocks.

In other recent news, Northwest Natural Holdings reported its Q4 2024 earnings, revealing that the company’s earnings per share (EPS) met analysts’ expectations at $1.41, although revenue fell short at $370.87 million compared to the anticipated $395.07 million. This mixed financial performance was accompanied by the company’s completion of the largest Oregon gas utility rate case in its history. Additionally, Northwest Natural Holdings provided guidance for 2025, projecting an EPS range between $2.75 and $2.95, with capital expenditures anticipated to range from $450 million to $500 million. The company also made significant strides in its growth strategy by acquiring Sea Energy in Texas and operationalizing two renewable natural gas facilities. Despite these developments, the company faced regulatory challenges that slightly impacted its full-year 2024 adjusted net income, which was reported at $90.6 million, down from $93.9 million in 2023. Analysts from firms such as Seaberg Williams Shank and Stifel have shown interest in the company’s strategic moves and growth potential, particularly regarding the Sea Energy acquisition. Northwest Natural Holdings continues to focus on expanding its operations while maintaining a strong financial position.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.