Allspring Global Investments Holdings LLC Increases Stake in Northwest Natural Holding to $2.02 Million
November 10, 2023
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Northwest Natural Holding ($NYSE:NWN) Company, a publicly traded organization headquartered in Portland, Oregon, recently saw a big increase in its stock holdings from Allspring Global Investments Holdings LLC. Northwest Natural Holding is an energy utility company that supplies natural gas and other energy services to residential, commercial, and industrial customers in the Pacific Northwest. In addition to supplying natural gas, the company also offers renewable energy solutions, energy storage systems, and other products and services that help customers conserve energy and reduce their environmental footprint. The additional funds will help the company provide even better services to its customers as it continues to grow and expand its operations.
Share Price
In response to the news, the stock opened at $38.0 and closed at $37.3, down by 1.1% from the previous closing price of 37.8. This recent investment comes as a testament to the strength of NORTHWEST NATURAL HOLDING despite current market conditions. With the added funds, the company is poised to further diversify its product portfolio and expand its services. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for NWN. More…
| Total Revenues | Net Income | Net Margin |
| 1.22k | 97.16 | 8.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for NWN. More…
| Operations | Investing | Financing |
| 283.21 | -428.98 | 196.97 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for NWN. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.67k | 3.45k | 33.16 |
Key Ratios Snapshot
Some of the financial key ratios for NWN are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 17.0% | 12.3% | 16.8% |
| FCF Margin | ROE | ROA |
| -3.9% | 10.4% | 2.7% |
Analysis
GoodWhale has conducted an analysis of NORTHWEST NATURAL HOLDING’s financials. According to the Star Chart, NORTHWEST NATURAL HOLDING has an intermediate health score of 4/10 with regard to its cashflows and debt, suggesting that the company is likely to safely ride out any crisis without the risk of bankruptcy. Furthermore, GoodWhale has classified NORTHWEST NATURAL HOLDING as a ‘cheetah’, a type of company characterised by high revenue or earnings growth but lower profitability. Investors interested in such companies may be looking for opportunities to benefit from periods of high growth. These investors should also take into consideration the lower profitability and higher risks associated with such companies. It is important to note that investments in such companies may be more volatile and involve a higher degree of risk than investments in more stable companies. More…
Peers
Its competitors include RGC Resources Inc, ONE Gas Inc, and Indraprastha Gas Ltd. The company has a strong market position and is well-positioned to continue its growth.
– RGC Resources Inc ($NASDAQ:RGCO)
RGC Resources is a diversified energy services company that provides natural gas and electricity to residential, commercial, and industrial customers in Virginia, North Carolina, and South Carolina. The company also provides energy-related products and services to customers in Virginia and North Carolina. RGC Resources has a market cap of 206.32M as of 2022, a Return on Equity of -13.92%. The company has been in operation for over 100 years and is headquartered in Roanoke, Virginia.
– ONE Gas Inc ($NYSE:OGS)
Natl Gas Co is a holding company, which engages in the distribution of natural gas. It operates through the following segments: Natural Gas and Others. The Natural Gas segment offers natural gas to residential, commercial and industrial customers. The Others segment includes activities of the Company’s subsidiaries in the electricity, water and waste industries. The company was founded on December 28, 1922 and is headquartered in Buenos Aires, Argentina.
– Indraprastha Gas Ltd ($BSE:532514)
Indraprastha Gas Ltd (IGL) is an Indian natural gas distribution company. It is engaged in the business of marketing and distributing natural gas in the National Capital Region of India. IGL also has a city gas distribution network in the cities of Agra and Kanpur. The company has a customer base of over 2.6 million customers.
IGL has a market capitalization of Rs 296.1 billion as of March 31, 2022. The company has a return on equity of 17.79%. IGL is a leading player in the city gas distribution market in India. The company has a strong presence in the National Capital Region of India, with a customer base of over 2.6 million customers.
Summary
Northwest Natural Holding is a publicly traded company in the energy sector, with a focus on natural gas utility services. Analysts are positive about Northwest Natural Holding’s prospects for the future, citing its strong balance sheet, solid cash flow, and steady dividends. The company has seen an increase in long-term debt over the last year, though management has consistently been able to meet its short-term obligations.
Meanwhile, the demand for natural gas is expected to remain strong as customers look for cost-effective energy solutions. Northwest Natural Holding’s shares have remained relatively stable over the past few years, indicating that investors may be willing to continue holding the stock for the long term.
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