NWNNYSENatural Gas DistributionFiscal year ends December 31
Northwest Natural Holding Co
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$47.96−1.03 (-2.10%)
Close on Oct 19, 2026
- Market cap
- $2.02B
- P/E (TTM)
- 16.0
- Dividend yield
- 4.09%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
80.9%
34M of 42M shares
Institutional holders
319
36 new, 39 sold out
Net institutional buying
1M
In Q2 2026
Insider trades, 12 months
2 buys · 16 sales
Net sold $669.34K
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 6,250,425 | 15.00% | 13G (passive) amendment | Mar 31, 2026 |
| Vanguard Portfolio Management | 2,644,066 | 6.36% | 13G (passive) | Mar 31, 2026 |
| Vanguard Capital Management | 2,163,282 | 5.20% | 13G (passive) | Mar 31, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of NWN | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 6,710,338 | 15.94% | $329.21M | +327,245 | 0.00% |
| Vanguard Portfolio Management LLC | 2,734,741 | 6.50% | $134.17M | +106,701 | 0.01% |
| Vanguard Capital Management LLC | 1,899,829 | 4.51% | $93.21M | +67,312 | 0.00% |
| State Street Corp | 1,730,864 | 4.11% | $84.92M | +125,653 | 0.00% |
| Vaughan Nelson Investment Management, L.P. | 1,459,852 | 3.47% | $71.62M | +270,651 | 0.63% |
| Geode Capital Management, LLC | 1,227,245 | 2.92% | $60.22M | +195,006 | 0.00% |
| Invesco Ltd. | 930,407 | 2.21% | $45.65M | +130,430 | 0.00% |
| Morgan Stanley | 814,327 | 1.93% | $39.95M | −17,028 | 0.00% |
| Dimensional Fund Advisors LP | 762,218 | 1.81% | $37.40M | +18,706 | 0.01% |
| First Trust Advisors LP | 746,103 | 1.77% | $36.60M | −9,807 | 0.02% |
| Duff & Phelps Investment Management Co | 613,090 | 1.46% | $30.08M | – | 0.28% |
| Goldman Sachs Group Inc | 579,687 | 1.38% | $28.44M | −76,485 | 0.00% |
| Charles Schwab Investment Management Inc | 569,197 | 1.35% | $27.92M | −13,812 | 0.00% |
| Gabelli Funds LLC | 520,000 | 1.24% | $25.51M | – | 0.16% |
| Bank of New York Mellon Corp | 492,465 | 1.17% | $24.16M | +15,981 | 0.00% |
| Northern Trust Corp | 491,448 | 1.17% | $24.11M | +35,135 | 0.00% |
| William Blair Investment Management, LLC | 469,008 | 1.11% | $23.01M | −125,196 | 0.07% |
| Two Sigma Investments, LP | 400,088 | 0.95% | $19.63M | +126,879 | 0.01% |
| MetLife Investment Management, LLC | 374,347 | 0.89% | $18.37M | +3,646 | 0.08% |
| Gamco Investors, Inc. Et Al | 363,700 | 0.86% | $17.84M | – | 0.16% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 319 | 34M | 80.9% | 36 / 131 | 94 / 39 | 3M | 2M |
| Q1 2026 | 329 | 33M | 78.7% | 57 / 107 | 95 / 33 | 8M | 3M |
| Q4 2025 | 312 | 33M | 78.6% | 54 / 111 | 93 / 25 | 3M | 2M |
| Q3 2025 | 286 | 32M | 77.0% | 38 / 104 | 89 / 33 | 2M | 1M |
| Q2 2025 | 283 | 32M | 75.9% | 49 / 116 | 71 / 42 | 4M | 2M |
| Q1 2025 | 280 | 31M | 73.6% | 43 / 102 | 80 / 20 | 2M | 1M |
| Q4 2024 | 262 | 31M | 73.2% | 34 / 106 | 69 / 26 | 2M | 2M |
| Q3 2024 | 258 | 31M | 73.3% | 40 / 78 | 93 / 23 | 10M | 1M |
| Q2 2024 | 244 | 29M | 69.3% | 32 / 99 | 72 / 32 | 2M | 3M |
| Q1 2024 | 246 | 30M | 71.8% | 40 / 93 | 73 / 34 | 5M | 3M |
| Q4 2023 | 243 | 29M | 69.4% | 31 / 91 | 77 / 16 | 3M | 1M |
| Q3 2023 | 229 | 28M | 65.5% | 22 / 92 | 74 / 39 | 2M | 1M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of NWN | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Small-Cap ETF | 2,535,713 | 6.02% | $124.40M | 0.11% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 1,343,602 | 3.19% | $65.92M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 1,119,325 | 2.66% | $54.91M | 0.07% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 963,995 | 2.29% | $47.29M | 0.03% | Jun 30, 2026 |
| First Trust Value Line Dividend Index Fund | 643,589 | 1.53% | $31.57M | 0.39% | Jun 30, 2026 |
| Vanguard Small-Cap Value Index Fund | 611,330 | 1.45% | $29.99M | 0.04% | Jun 30, 2026 |
| Vaughan Nelson Small Cap Fund | 504,671 | 1.20% | $24.76M | 1.63% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 482,584 | 1.15% | $23.68M | 0.02% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 470,731 | 1.12% | $23.03M | 0.07% | Jul 31, 2026 |
| The Gabelli Utilities Fund | 424,000 | 1.01% | $20.80M | 1.18% | Jun 30, 2026 |
| iShares Russell 2000 Value ETF | 405,308 | 0.96% | $19.88M | 0.14% | Jun 30, 2026 |
| State Street(R) SPDR(R) Portfolio S&P 600(TM) Small Cap ETF | 385,739 | 0.92% | $18.92M | 0.11% | Jun 30, 2026 |
| 1290 VT GAMCO Small Company Value Portfolio | 363,000 | 0.86% | $17.81M | 0.40% | Jun 30, 2026 |
| Invesco High Yield Equity Dividend AchieversTM ETF | 359,096 | 0.85% | $17.57M | 1.56% | Jul 31, 2026 |
| Invesco S&P SmallCap Momentum ETF | 311,287 | 0.74% | $15.23M | 0.50% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Justin Palfreyman | President & CEO, Director | 28,451 | 0.07% | May 7, 2026 |
| Brody J. Wilson | VP, Treas, Controller & CAO | 20,788 | 0.05% | Sep 3, 2026 |
| Raymond J. Kaszuba III | SVP & Chief Financial Officer | 7,234 | 0.02% | Sep 3, 2026 |
| Zachary D. Kravitz | VP, Regulatory Affairs and | 4,062 | 0.01% | May 29, 2026 |
| Brian Fellon | VP, CIO & CISO | 1,572 | 0.00% | May 29, 2026 |
| Joseph S. Karney | VP, Eng. & Utility Operations | 4,751 | 0.01% | May 29, 2026 |
| David A. Weber | VP, Gas Supply | 22,146 | 0.05% | May 29, 2026 |
| Kathryn M. Williams | VP, Chief PA & Sustainability | 7,111 | 0.02% | May 29, 2026 |
| MardiLyn Saathoff | Chief Legal Officer & SVP, Reg | 50,859 | 0.12% | Mar 9, 2026 |
| Kimberly Heiting Rush | President | 27,105 | 0.06% | Mar 9, 2026 |
| Melinda B. Rogers | VP, Chief HR and | 13,471 | 0.03% | Mar 9, 2026 |
| Megan H. Berge | SVP, GC, CCO & Corp. Sec. | 5,841 | 0.01% | Mar 9, 2026 |
| Kyra Patterson | VP and Chief People Officer | 2,463 | 0.01% | Oct 2, 2025 |
| David Hugo Anderson | Director | 58,323 | 0.14% | Sep 21, 2026 |
| Mary E. Ludford | Director | 4,924 | 0.01% | Aug 7, 2026 |
| Peter J. Bragdon | Director | 5,455 | 0.01% | Aug 7, 2026 |
| Sandra McDonough | Director | 11,217 | 0.03% | Aug 7, 2026 |
| Karen Lee | Director | 22,710 | 0.05% | May 11, 2026 |
| David K. McCurdy | Director | 6,730 | 0.02% | May 9, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| David Hugo Anderson Director | Sep 18, 2026 | Sale(10b5-1 plan) | −1,500 | $48.03 | $72.05K | 49,259 |
| Raymond J. Kaszuba III SVP & Chief Financial Officer | Sep 1, 2026 | Tax withholding | −705 | $49.07 | $34.59K | 7,234 |
| Brody J. Wilson VP, Treas, Controller & CAO | Sep 1, 2026 | Tax withholding | −341 | $49.07 | $16.73K | 13,606 |
| David Hugo Anderson Director | Aug 18, 2026 | Sale(10b5-1 plan) | −1,500 | $50.86 | $76.29K | 50,759 |
| Mary E. Ludford Director | Aug 6, 2026 | Discretionary | +507.02 | $50.77 | $25.74K | 4,924 |
| Peter J. Bragdon Director | Aug 6, 2026 | Discretionary | +1,140.71 | $50.77 | $57.91K | 4,655 |
| Sandra McDonough Director | Aug 6, 2026 | Discretionary | +247.63 | $50.77 | $12.57K | 11,217 |
| David Hugo Anderson Director | Jul 20, 2026 | Sale(10b5-1 plan) | −1,500 | $51.18 | $76.77K | 52,259 |
| David Hugo Anderson Director | Jun 26, 2026 | Sale(10b5-1 plan) | −1,500 | $50.90 | $76.35K | 53,759 |
| Peter J. Bragdon Director | May 12, 2026 | Buy | +400 | $50.32 | $20.13K | 800 |
| Karen Lee Director | May 7, 2026 | Discretionary | +1,014.42 | $50.19 | $50.91K | 22,710 |
| Mary E. Ludford Director | May 7, 2026 | Discretionary | +512.85 | $50.19 | $25.74K | 4,377 |
| Peter J. Bragdon Director | May 7, 2026 | Discretionary | +1,151.68 | $50.19 | $57.80K | 3,491 |
| Sandra McDonough Director | May 7, 2026 | Discretionary | +250.48 | $50.19 | $12.57K | 10,861 |
| Justin Palfreyman President & CEO, Director | May 7, 2026 | Buy | +1,225 | $48.75 | $59.72K | 22,165 |
| David A. Weber VP, Gas Supply | Mar 23, 2026 | Sale | −1,700 | $52.57 | $89.37K | 149 |
| Brian Fellon VP, CIO & CISO | Mar 5, 2026 | Tax withholding | −175 | $52.53 | $9.19K | 1,572 |
| Megan H. Berge SVP, GC, CCO & Corp. Sec. | Mar 5, 2026 | Tax withholding | −1,485 | $52.53 | $78.01K | 5,841 |
| David A. Weber VP, Gas Supply | Mar 5, 2026 | Sale | −0.6 | $52.53 | $32 | 1,849 |
| David A. Weber VP, Gas Supply | Mar 5, 2026 | Tax withholding | −546 | $52.53 | $28.68K | 2,787 |
| David A. Weber VP, Gas Supply | Mar 5, 2026 | Tax withholding | −937 | $52.53 | $49.22K | 1,850 |
| Brody J. Wilson VP, Treas, Controller & CAO | Mar 5, 2026 | Tax withholding | −937 | $52.53 | $49.22K | 13,947 |
| Brody J. Wilson VP, Treas, Controller & CAO | Mar 5, 2026 | Tax withholding | −546 | $52.53 | $28.68K | 14,884 |
| Kimberly Heiting Rush President | Mar 5, 2026 | Sale | −0.38 | $52.53 | $20 | 27,063 |
| Kimberly Heiting Rush President | Mar 5, 2026 | Tax withholding | −1,871 | $52.53 | $98.28K | 30,064 |
| Kimberly Heiting Rush President | Mar 5, 2026 | Sale | −0.79 | $52.53 | $41 | 27,063 |
| Kimberly Heiting Rush President | Mar 5, 2026 | Tax withholding | −3,000 | $52.53 | $157.59K | 27,064 |
| David Hugo Anderson Director | Mar 5, 2026 | Tax withholding | −3,747 | $52.53 | $196.83K | 61,103 |
| David Hugo Anderson Director | Mar 5, 2026 | Tax withholding | −5,844 | $52.53 | $306.99K | 55,259 |
| Melinda B. Rogers VP, Chief HR and | Mar 5, 2026 | Sale | −0.13 | $52.53 | $7 | 2,214 |
| Melinda B. Rogers VP, Chief HR and | Mar 5, 2026 | Tax withholding | −531 | $52.53 | $27.89K | 2,346 |
| Melinda B. Rogers VP, Chief HR and | Mar 5, 2026 | Tax withholding | −132 | $52.53 | $6.93K | 2,214 |
| Justin Palfreyman President & CEO, Director | Mar 5, 2026 | Tax withholding | −3,909 | $52.53 | $205.34K | 20,940 |
| MardiLyn Saathoff Chief Legal Officer & SVP, Reg | Mar 5, 2026 | Tax withholding | −3,747 | $52.53 | $196.83K | 34,698 |
| MardiLyn Saathoff Chief Legal Officer & SVP, Reg | Mar 5, 2026 | Tax withholding | −2,095 | $52.53 | $110.05K | 38,445 |
| Kathryn M. Williams VP, Chief PA & Sustainability | Mar 5, 2026 | Tax withholding | −849 | $52.53 | $44.60K | 7,111 |
| Kathryn M. Williams VP, Chief PA & Sustainability | Mar 5, 2026 | Tax withholding | −533 | $52.53 | $28.00K | 7,960 |
| Joseph S. Karney VP, Eng. & Utility Operations | Mar 5, 2026 | Sale | −0.57 | $52.53 | $30 | 4,511 |
| Joseph S. Karney VP, Eng. & Utility Operations | Mar 5, 2026 | Sale | −0.57 | $52.53 | $30 | 4,510 |
| Joseph S. Karney VP, Eng. & Utility Operations | Mar 5, 2026 | Tax withholding | −636 | $52.53 | $33.41K | 4,511 |
| Joseph S. Karney VP, Eng. & Utility Operations | Mar 5, 2026 | Tax withholding | −136 | $52.53 | $7.14K | 5,147 |
| Zachary D. Kravitz VP, Regulatory Affairs and | Mar 5, 2026 | Tax withholding | −207 | $52.53 | $10.87K | 3,676 |
| Zachary D. Kravitz VP, Regulatory Affairs and | Mar 5, 2026 | Sale | −0.53 | $52.53 | $28 | 2,738 |
| Zachary D. Kravitz VP, Regulatory Affairs and | Mar 5, 2026 | Sale | −0.53 | $52.53 | $28 | 2,739 |
| Zachary D. Kravitz VP, Regulatory Affairs and | Mar 5, 2026 | Tax withholding | −937 | $52.53 | $49.22K | 2,739 |
| Raymond J. Kaszuba III SVP & Chief Financial Officer | Mar 5, 2026 | Tax withholding | −802 | $52.53 | $42.13K | 7,939 |
| Peter J. Bragdon Director | Mar 2, 2026 | Discretionary | +1,099.37 | $52.59 | $57.82K | 2,339 |
| Mary E. Ludford Director | Mar 2, 2026 | Discretionary | +491.22 | $52.59 | $25.83K | 3,864 |
| Sandra McDonough Director | Mar 2, 2026 | Discretionary | +239.91 | $52.59 | $12.62K | 10,611 |
| Karen Lee Director | Mar 2, 2026 | Discretionary | +971.65 | $52.59 | $51.10K | 21,696 |
| Raymond J. Kaszuba III SVP & Chief Financial Officer | Feb 25, 2026 | Award | +1,689 | – | – | 8,741 |
| Melinda B. Rogers VP, Chief HR and | Feb 25, 2026 | Award | +513 | – | – | 2,681 |
| Melinda B. Rogers VP, Chief HR and | Feb 25, 2026 | Award | +196 | – | – | 2,877 |
| Melinda B. Rogers VP, Chief HR and | Feb 25, 2026 | Award | +664 | – | – | 9,491 |
| Melinda B. Rogers VP, Chief HR and | Feb 25, 2026 | Award | +1,766 | – | – | 11,257 |
| Kathryn M. Williams VP, Chief PA & Sustainability | Feb 25, 2026 | Award | +1,962 | – | – | 8,493 |
| Kathryn M. Williams VP, Chief PA & Sustainability | Feb 25, 2026 | Award | +1,177 | – | – | 6,531 |
| David Hugo Anderson Director | Feb 25, 2026 | Award | +17,669 | – | – | 64,850 |
| David Hugo Anderson Director | Feb 25, 2026 | Award | +8,961 | – | – | 47,181 |
| Zachary D. Kravitz VP, Regulatory Affairs and | Feb 25, 2026 | Award | +591 | – | – | 862 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| David Hugo Anderson Director | Jun 26, 2026 | 21,000 | $1.16M | Jun 26, 2026 | VARIOUS METHODS AND DATES |
| David A. Weber Officer | Mar 23, 2026 | 1,509 | $79.33K | Mar 23, 2026 | Restricted Stock Vesting |
| David A. Weber Officer | Mar 23, 2026 | 191 | $10.04K | Mar 23, 2026 | Restricted Stock Vesting |
| David Hugo Anderson Director | Oct 20, 2025 | 14,968 | $690.77K | Oct 20, 2025 | VAROUS METHODS & DATES |
| David Hugo Anderson Director | Jul 21, 2025 | 42,869 | $1.85M | Jul 21, 2025 | VAROUS METHODS & DATES |
| David A. Weber VP, Gas Supply & Utility Support Svcs, NW Natural | Mar 31, 2025 | 2,183 | $93.06K | Mar 31, 2025 | Acquired on vesting of restricted stock units under Issuer's LTIP |
| David Hugo Anderson Officer, Director | Mar 24, 2025 | 50,091 | $2.00M | Mar 24, 2025 | VAROUS METHODS & DATES |
| David Hugo Anderson Officer, Director | Dec 20, 2024 | 62,500 | $2.63M | Dec 20, 2024 | VAROUS METHODS |
| Jane L. Peverett Director | Aug 8, 2023 | 523 | $21.62K | Aug 9, 2023 | Acquired on vesting of restricted stock units under Issuer's LTIP |
| David A. Weber VP, Gas Supply & Utility Support Svcs, NW Natural | May 23, 2023 | 920 | $41.12K | May 23, 2023 | Acquired on vesting of restricted stock units under Issuer's LTIP |