Northwest Natural - NWN Stock Forecast, Price & News

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 Wall Street analysts have issued 1 year price targets for Northwest Natural's stock. Their NWN share price forecasts range from $40.00 to $62.00. On average, they expect the company's stock price to reach $51.00 in the next twelve months. This suggests a possible upside of 7.9% 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 shares have decreased by 0.7% and is now trading at $47.28.
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Northwest Natural saw a drop in short interest during the month of February. As of February 15th, there was short interest totaling 481,900 shares, a drop of 57.4% from the January 31st total of 1,130,000 shares. Based on an average daily trading volume, of 196,600 shares, the days-to-cover ratio is presently 2.5 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
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Northwest Natural Holding (NYSE:NWN) released its quarterly earnings results on Friday, February, 24th. The utilities provider reported $1.36 EPS for the quarter, topping analysts' consensus estimates of $1.25 by $0.11. The utilities provider earned $375.30 million during the quarter, compared to analyst estimates of $309.17 million. Northwest Natural had a trailing twelve-month return on equity of 7.80% and a net margin of 8.32%. The business's revenue for the quarter was up 27.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.31 earnings per share.

Northwest Natural announced a quarterly dividend on Thursday, January 12th. Shareholders of record on Tuesday, January 31st will be given a dividend of $0.485 per share on Wednesday, February 15th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date is Monday, January 30th.
Read our dividend analysis for NWN.

ETFs with the largest weight of Northwest Natural (NYSE:NWN) stock in their portfolio include Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), Invesco High Yield Equity Dividend Achievers ETF (PEY), ProShares Russell US Dividend Growers ETF (TMDV), Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), ETC 6 Meridian Small Cap Equity ETF (SIXS), ProShares Russell 2000 Dividend Growers ETF (SMDV) and InfraCap Equity Income Fund ETF (ICAP).

Northwest Natural (NYSE:NWN) pays an annual dividend of $1.94 per share and currently has a dividend yield of 4.14%. 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 73.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NWN will have a dividend payout ratio of 67.60% 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 FY 2023 earnings guidance on Friday, February, 24th. The company provided EPS guidance of $2.55-$2.75 for the period, compared to the consensus estimate of $2.72. The company issued revenue guidance of -.

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 variety of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (2.09%), Geode Capital Management LLC (1.83%), Victory Capital Management Inc. (1.22%), Victory Capital Management Inc. (1.20%), Charles Schwab Investment Management Inc. (1.13%) and Morgan Stanley (1.06%). Insiders that own company stock include C Scott Gibson, David A Weber, David Hugo Anderson, James R Downing, 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 $47.28.

Northwest Natural (NYSE:NWN) has a market capitalization of $1.68 billion and generates $1.04 billion in revenue each year. The utilities provider earns $86.30 million in net income (profit) each year or $2.65 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.