Northwest Natural director David Anderson sells $73,061 in stock

David Hugo Anderson, a director at Northwest Natural Holding Co. (NASDAQ:NWN), sold 1,500 shares of the company’s common stock on October 19, 2026. The transactions totaled $73,061. The $2.05 billion utility company currently trades at $48.80, near the transaction price.

The shares were sold at prices ranging from $48.5700 to $48.8200, resulting in a weighted average price of $48.7074 per share. This sale was executed pursuant to a Rule 10b5-1 trading plan, which Mr. Anderson established on March 27, 2026. The plan was set up to diversify his holdings in connection with his retirement from his position as CEO of NW Holdings and NW Natural, effective April 1, 2025. At the time the plan was established, Mr. Anderson held more than seven times the stock ownership requirements for non-management directors.

Following this reported transaction, Mr. Anderson directly holds 47,759 shares of common stock. Additionally, 9,064.094 shares are credited to his account under Northwest Natural Gas Company’s Deferred Compensation Plan for Directors and Executives. The company has raised its dividend for 56 consecutive years and currently offers a 4.09% yield. According to InvestingPro analysis, the stock appears overvalued at current levels, though analysts see 15% upside potential.

In other recent news, NW Natural Holdings reported its second-quarter earnings, surpassing Wall Street’s expectations with earnings per share (EPS) of $0.01, compared to the anticipated loss of $0.06 per share. However, the company’s revenue fell short, reaching $243.55 million against the expected $271.87 million. The company has raised its full-year 2026 EPS guidance to the upper half of its $2.95 to $3.15 range. SiEnergy, NW Natural Holdings’ Texas gas utility, demonstrated over 15% organic customer growth, contributing significantly to the company’s expansion. Additionally, regulatory successes in Washington and Oregon are projected to bolster results in the latter half of the year. NW Natural Holdings is also advancing its MX3 storage expansion project, which may enhance long-term earnings if approved. Despite the typical weakness of the second quarter for gas utilities, the company maintained stable earnings of $0.01 per share compared to the previous year. Year-to-date earnings increased to $2.33 per share from $2.28 in the same period of 2025.