Northwest Natural (NWN) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Northwest Natural in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street 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 Wall Street research analysts have issued 1-year price targets for Northwest Natural's stock. Their NWN share price forecasts range from $42.00 to $59.00. On average, they predict the company's share price to reach $48.00 in the next twelve months. This suggests a possible upside of 20.8% from the stock's current price.
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Northwest Natural's stock was trading at $47.59 at the beginning of 2023. Since then, NWN stock has decreased by 16.5% and is now trading at $39.72.
View the best growth stocks for 2023 here.

Northwest Natural saw a decrease in short interest in August. As of August 15th, there was short interest totaling 541,000 shares, a decrease of 18.2% from the July 31st total of 661,400 shares. Based on an average daily trading volume, of 187,500 shares, the days-to-cover ratio is currently 2.9 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our NWN earnings forecast.

Northwest Natural Holding (NYSE:NWN) posted its quarterly earnings results on Thursday, August, 3rd. The utilities provider reported $0.03 EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.10. The utilities provider had revenue of $237.86 million for the quarter, compared to the consensus estimate of $211.65 million. Northwest Natural had a net margin of 8.49% and a trailing twelve-month return on equity of 8.47%.

Northwest Natural announced a quarterly dividend on Thursday, July 13th. Stockholders of record on Monday, July 31st will be given a dividend of $0.485 per share on Tuesday, August 15th. This represents a $1.94 annualized dividend and a yield of 4.88%. The ex-dividend date of this dividend is Friday, July 28th.
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 (NYSE:NWN) pays an annual dividend of $1.94 per share and currently has a dividend yield of 4.81%. 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 66 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 68.31%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NWN will have a dividend payout ratio of 68.31% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NWN.

Northwest Natural issued an update on its FY23 earnings guidance on Thursday, August, 3rd. The company provided earnings per share guidance of $2.55-$2.75 for the period, compared to the consensus earnings per share 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "NWN."

Northwest Natural's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (17.31%), State Street Corp (3.85%), Dimensional Fund Advisors LP (2.18%), Duff & Phelps Investment Management Co. (2.17%), Geode Capital Management LLC (1.97%) and Bank of New York Mellon Corp (1.44%). 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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One share of NWN stock can currently be purchased for approximately $39.72.

Northwest Natural (NYSE:NWN) has a market capitalization of $1.43 billion and generates $1.04 billion in revenue each year. The utilities provider earns $86.30 million in net income (profit) each year or $2.84 on an earnings per share basis.

The company employs 1,258 workers across the globe.

Northwest Natural's mailing address is 250 S.W. TAYLOR STREET, PORTLAND OR, 97204. The official website for the company is www.nwnatural.com. The utilities provider can be reached via phone at (503) 226-4211, via email at n1s@nwnatural.com, or via fax at 503-273-4822.