Northwest Natural Stock Price, News & Analysis (NYSE:NWN)

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Northwest Natural in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" NWN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NWN, but not buy additional shares or sell existing shares.
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3 analysts have issued twelve-month target prices for Northwest Natural's shares. Their NWN share price targets range from $37.00 to $59.00. On average, they anticipate the company's stock price to reach $46.75 in the next year. This suggests a possible upside of 21.0% from the stock's current price.
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Northwest Natural's stock was trading at $47.59 at the start of the year. Since then, NWN shares have decreased by 18.8% and is now trading at $38.63.
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Northwest Natural saw a drop in short interest in November. As of November 15th, there was short interest totaling 479,100 shares, a drop of 38.2% from the October 31st total of 775,500 shares. Based on an average daily volume of 225,100 shares, the days-to-cover ratio is presently 2.1 days.
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The company is scheduled to release its next quarterly earnings announcement on Friday, February 23rd 2024.
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Northwest Natural Holding (NYSE:NWN) posted its quarterly earnings data on Friday, November, 3rd. The utilities provider reported ($0.65) earnings per share for the quarter, topping the consensus estimate of ($0.67) by $0.02. The utilities provider had revenue of $141.50 million for the quarter, compared to analyst estimates of $127.35 million. Northwest Natural had a trailing twelve-month return on equity of 7.96% and a net margin of 7.98%. The company's revenue for the quarter was up 21.4% compared to the same quarter last year. During the same period last year, the firm earned ($0.56) EPS.

Northwest Natural declared a quarterly dividend on Thursday, October 12th. Investors of record on Tuesday, October 31st will be given a dividend of $0.488 per share on Wednesday, November 15th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date is Monday, October 30th. This is a boost from the stock's previous quarterly dividend of $0.49.
Read our dividend analysis for NWN.

Northwest Natural (NYSE:NWN) pays an annual dividend of $1.95 per share and currently has a dividend yield of 5.05%. NWN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 68 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 70.91%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NWN will have a dividend payout ratio of 70.40% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NWN.

ETFs with the largest weight of Northwest Natural (NYSE:NWN) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), Cultivar ETF (CVAR), Invesco High Yield Equity Dividend Achievers ETF (PEY), Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD), ProShares Russell US Dividend Growers ETF (TMDV), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB) and Tortoise North American Pipeline Fund (TPYP).

Northwest Natural issued an update on its FY23 earnings guidance on Friday, November, 3rd. The company provided earnings per share guidance of $2.55-2.75 for the period, compared to the consensus estimate of $2.67.

Based on aggregate information from My MarketBeat watchlists, some companies that other Northwest Natural investors own include Cisco Systems (CSCO), General Electric (GE), Pfizer (PFE), AT&T (T), Exxon Mobil (XOM), Consolidated Edison (ED), Ford Motor (F), Verizon Communications (VZ), AbbVie (ABBV) and Southern (SO).

Northwest Natural's stock is owned by a variety of retail and institutional investors. Top institutional investors include Invesco Ltd. (2.48%), Bank of New York Mellon Corp (1.40%), Morgan Stanley (1.22%), Charles Schwab Investment Management Inc. (1.19%), Victory Capital Management Inc. (1.08%) and Northern Trust Corp (0.99%). Insiders that own company stock include C Scott Gibson, David A Weber, David Hugo Anderson, James R Downing, Jane L Peverett, Justin Palfreyman, Kimberly A Heiting, Malia H Wasson, Mardilyn Saathoff and Shawn M Filippi.
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Shares of NWN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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