NORTHWEST NATURAL HOLDING COMPANY
boothcheck covers NORTHWEST NATURAL HOLDING COMPANY (NWN) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed June 27, 2026.
• Northwest Natural is a regulated natural-gas distribution utility serving Oregon and Washington, now expanding into water and wastewater, and it has raised its dividend for 55 consecutive years. [Source: Northwest Natural Q1 2026 results, May 2026] • The main risk is the balance sheet funding the growth: net debt runs nearly nine times operating income, liquid assets are thin, and the share count has grown about 7.6% a year as the company issues equity to fund capital spending and acquisitions
Is NWN overvalued? See what's priced in →
316 institutional managers reported holding NWN in 13F filings for the quarter ended 2026-03-31. Together they hold about 79% of the company; the top 10 hold 45%. 48 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 1.5M shares were sold short as of the 2026-06-15 count, about 4% of shares outstanding (6.2 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
NWN's share count grew 36% over the past five years. It pays a dividend, and has paid one every year in our records (8 and counting); the current rate is $1.96 a share annually. Cash returned over the past three years: $203.98M in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at NWN over the trailing three years. Absence is a fact about the company, not a signal. 19 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
NWN's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-04 | -1.8% | -6.8% |
| 2023-11-04 | +1.8% | +0.0% |
| 2024-02-24 | -9.8% | +7.0% |
| 2024-05-07 | -0.8% | -7.5% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
NWN's latest 8-K filings: 2026-08-05 (items 2.02, 9.01); 2026-07-31 (items 8.01); 2026-06-05 (items 1.01, 2.03, 8.01, 9.01); 2026-06-01 (items 5.07); 2026-05-06 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.