Northwest Natural Holding Company
$48.89
+1.3%Northwest Natural Holding Company, through its subsidiary, Northwest Natural Gas Company, provides regulated natural gas distribution services to residential, commercial, industrial, and transportation customers in Oregon and Southwest Washington. The company also operates 5.7 billion cubic feet of the Mist gas storage facility contracted to other utilities and third-party marketers; offers natural gas asset management services; and operates an appliance retail center. In addition, it engages in the gas storage, water, non-regulated renewable natural gas, and other investments and activities. The company provides natural gas service through approximately 786,000 meters in Oregon and southwest Washington; and water services to a total of approximately 80,000 people through approximately 33,000 water and wastewater connections in the Pacific Northwest and Texas. Northwest Natural Holding Company was founded in 1859 and is headquartered in Portland, Oregon.
At a Glance
Live SnapshotIntrinsic Alpha Methodology
Thesis Lenses
Signal
High confidenceValuation multiple is mid-range (P/E 17.6).
Valuation inputs: P/E 17.6, earnings yield +5.7%, momentum +1.3%.
If multiples stay elevated while momentum fades, downside repricing risk rises.
Driver
High confidenceReturn profile is soft (ROE +7.7%, ROIC +5.2%).
Profitability stack: net margin +8.8%, ROE +7.7%, ROIC +5.2%.
Quality deterioration often appears in margins before it shows up in headline EPS.
Risk
High confidenceRisk profile is balanced but has notable pressure points to monitor.
Risk factors: liabilities/assets +76.3%, momentum +1.3%, net margin +8.8%.
Higher leverage with weak momentum and thin margins can amplify drawdown severity.
Northwest Natural Holding Company Market vs Earnings Trajectory
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Northwest Natural Holding Company Fair Value Envelope
Northwest Natural Holding Company Profit Bridge
Profitability Analysis
Gross Margin
Strong gross margins indicate healthy pricing and efficient production or service delivery.
Operating Margin
Outstanding operational efficiency. The company generates substantial profit from core operations.
Net Profit Margin
Moderate profitability with room for improvement. Monitor interest expenses and tax efficiency.
Effective Tax Rate
Higher tax burden may reflect limited tax optimization or operations in high-tax jurisdictions.
Profitability Insight
Room for improvement: Moderate profitability with opportunities to enhance margins through better cost management or pricing strategy.
Northwest Natural Holding Company Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.
CapEx Intensity
Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.
FCF Growth Trend
Flat FCF growth. Stable but not expanding—monitor for signs of business maturity or temporary headwinds.
Working Capital Impact
Moderate working capital outflow. Typical for growing businesses, but ensure it's supporting revenue growth, not inefficiency.
Cash Flow Quality Insight
Cash flow concerns: Despite profitability, the company is burning cash. Review working capital management, CapEx levels, and sustainability of current operations.
Northwest Natural Holding Company Funding & Solvency Profile
Financial Health Analysis
Current Ratio
Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.
Debt-to-Equity Ratio
High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.
Working Capital
Negative working capital indicates short-term liabilities exceed short-term assets—potential liquidity stress.
Asset Composition
Capital-intensive business with significant long-term investments in property, equipment, or intangibles.
Financial Health Insight
Financial stress indicators: Both liquidity and leverage metrics raise concerns. The company may face challenges meeting obligations and should focus on strengthening its balance sheet.
Northwest Natural Holding Company Street Expectations Map
Wall Street analysts project that NWN stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 55.25, with estimates ranging from a low of 50.00 to a high of 58.00.
The consensus 1-year price target stands at 55.25, with estimates ranging from a low of 50.00 to a high of 58.00.
Analyst Consensus Analysis
Upside Potential
Moderate upside. Analysts expect positive returns but with limited margin of safety. Consider entry timing.
Analyst Agreement
High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.
Analyst Conviction
Positive outlook with reasonable agreement. Analysts generally optimistic about prospects with manageable uncertainty.
Market Sentiment Insight
Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.
Northwest Natural Holding Company Insider Positioning
During the last 12 months, insiders have purchased $347K and sold $3.00M worth of NWN shares, resulting in $2.65M of net selling activity.
3 Months
1.6K
79.85K
1.7K
89.37K
-10K
-$10K
3-6 Months
0
0.00
0
0.00
+0
+$0
6-9 Months
3.5K
162.27K
42.9K
1.94M
-1.8M
-$1.78M
9-12 Months
2.6K
104.94K
23.7K
965.29K
-860K
-$860K
Top Buyers
Lee Karen
Director
$102K
Bragdon Peter J
Director
$77K
Palfreyman Justin
Director, Officer: President & Ceo
$60K
Mcdonough Sandra
Director
$57K
Ludford Mary E
Director
$52K
Top Sellers
Anderson David Hugo
Director
$2.85M
Weber David A.
Officer, Other: Vp, Gas Supply
$89K
Kaszuba Raymond J Iii
Officer: Svp & Chief Financial Officer
$32K
Wilson Brody J
Officer: Vp, Treas, Controller & Cao
$15K
Fellon Brian
Officer, Other: Vp, Cio And Ciso
$7K
Insider Activity Analysis
Net Insider Sentiment
Strong bearish signal with $2.65M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.
Buy/Sell Ratio
Weak buy/sell ratio. Selling significantly exceeds buying—monitor for potential fundamental concerns.
Recent Trend (3 Months)
Negative recent trend with net selling. Insiders have reduced positions in recent months, which could signal caution.
Insider Participation
5 insider buyers and 5 sellers. Equal participation suggests mixed or neutral insider views.
Insider Activity Insight
Multiple red flags: Heavy selling, numerous sellers, and continued recent selling create a concerning pattern. Investigate fundamental drivers and consider whether company guidance or industry conditions have deteriorated.
nwn Dividend History
Learning Layer
Related Guides
Build conviction on NWN by pairing this stock hub with focused valuation guides.
Research Paths
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.