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In a recent transaction filed with the Securities and Exchange Commission, David A. Weber, Vice President of Gas Supply at Northwest Natural Holding Co (NYSE:NWN), sold 2,183 shares of the company’s common stock. The shares were sold at a weighted average price of $42.4642, resulting in a total transaction value of approximately $92,699. The stock, which currently trades at $43.01, has shown strong momentum with a 21.7% return over the past year and is currently trading near its 52-week high of $44.25. According to InvestingPro analysis, the company appears to be fairly valued, with a "FAIR" overall Financial Health score.
Following this sale, Weber holds 255.066 shares directly. Additionally, he has indirect ownership of 2,139.061 shares through Northwest Natural Gas Company’s Deferred Compensation Plan for Directors and Executives and 19,956.871 shares through the company’s Retirement K Savings Plan as of February 28, 2025. The company, with a market capitalization of $1.73 billion, offers an attractive 4.56% dividend yield. Analysts maintain a neutral stance on the stock, with more detailed insights available in the comprehensive Pro Research Report on InvestingPro.
In other recent news, Northwest Natural Gas reported its fourth-quarter 2024 earnings, showing a mixed financial performance. The company’s earnings per share (EPS) aligned with analysts’ expectations at $1.41, but revenue fell short, reaching $370.87 million against the anticipated $395.07 million. This revenue miss highlights potential areas for improvement in revenue generation or cost management. Northwest Natural Gas also completed the largest Oregon gas utility rate case in its history, which is expected to enhance financial performance. Looking ahead, the company has set its 2025 EPS guidance between $2.75 and $2.95, with capital expenditures projected to range from $450 million to $500 million.
In other developments, Stifel analysts raised their price target for Northwest Natural Gas to $45.00 from $44.00, maintaining a Buy rating. This adjustment follows the company’s acquisition of SiEnergy, expected to significantly boost earnings and customer growth in 2025. Northwest Natural Gas plans to report its water business and SiEnergy as separate entities starting in the first quarter of 2025. The company’s Oregon rate case is anticipated to take effect in late 2025, potentially providing an additional boost into 2026. These strategic moves underscore Northwest Natural Gas’s focus on expanding its operations and enhancing its financial outlook.
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