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David Anderson, the CEO of Northwest Natural Holding Co (NYSE:NWN), recently sold shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The transactions, executed under a Rule 10b5-1 trading plan, took place on February 24 and February 25, 2025. Anderson sold a total of 1,960 shares, amounting to approximately $82,321, with prices ranging from $42.0001 to $42.0035 per share. The company, currently valued at $1.68 billion, has demonstrated strong dividend performance with 54 consecutive years of dividend increases. According to InvestingPro analysis, the stock appears fairly valued at current levels.
The sales were part of a pre-established trading plan linked to Anderson’s upcoming retirement on April 1, 2025. With the stock showing a 19.8% return over the past year and maintaining a healthy 4.7% dividend yield, InvestingPro subscribers can access 6 additional key insights about NWN’s financial health and growth prospects through the comprehensive Pro Research Report. As of the filing date, Anderson retains ownership of 32,570 shares, with 10,256 shares held in Northwest Natural Gas Company’s Deferred Compensation Plan for Directors and Officers and 22,314 shares held in his trust.
In other recent news, Northwest Natural Holding Company has announced the completion of its acquisition of SiEnergy Operating, LLC, expanding its reach in the Texas market, specifically in the Houston, Dallas, and Austin areas. SiEnergy serves approximately 70,000 customers and has experienced significant growth, with a rate base of about $247 million as of December 31, 2024. NW Natural Holdings’ CEO, David H. Anderson, emphasized the strategic alignment with SiEnergy and the potential for further expansion in the Texas Triangle. Additionally, NW Natural Holdings has issued $135 million in senior notes to institutional investors, consisting of two series: $90 million of 5.52% Senior Notes due in 2029 and $45 million of 5.86% Senior Notes due in 2034. The company clarified that the notes were issued under an exemption from registration requirements, and the proceeds are typically used for corporate expenses or infrastructure investments. In another development, NW Natural Holdings has appointed Megan H. Berge as deputy general counsel and corporate secretary, with her role also extending to NW Natural Gas Company. Berge’s experience in environmental law and civil litigation is expected to support the company’s strategic direction. These developments highlight NW Natural Holdings’ ongoing efforts to grow its business and strengthen its leadership team.
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