Insider Trading March 25, 2026

Northwest Natural VP Sells $89K in Stock as Utility Posts Mixed Q4 Results

Gas Supply executive disposes of 1,700 shares while company meets EPS but misses revenue in fourth quarter 2025

By Jordan Park NWN
Northwest Natural VP Sells $89K in Stock as Utility Posts Mixed Q4 Results
NWN

David A. Weber, vice president of Gas Supply at Northwest Natural Holding Co (NYSE: NWN), sold 1,700 shares on March 23, 2026, for roughly $89,370 as the stock traded near its 52-week high. The company posted fourth-quarter 2025 EPS in line with expectations but reported a revenue shortfall versus forecasts. Analysts raised price targets amid guidance that points to modest EPS growth in 2026.

Key Points

  • David A. Weber, VP of Gas Supply at Northwest Natural, sold 1,700 shares on March 23, 2026, for about $89,370.
  • Northwest Natural reported Q4 2025 EPS of $1.39, meeting expectations, but revenues were $394.16 million versus $432.5 million anticipated.
  • The company has raised its dividend for 55 consecutive years and yields 3.75% according to InvestingPro; Stifel raised its price target from $52 to $58 and kept a Buy rating.

David A. Weber, who serves as vice president of Gas Supply at Northwest Natural Holding Co (NYSE: NWN), executed a sale of 1,700 shares of the company’s common stock on March 23, 2026. The shares traded at $52.571 each, producing proceeds of approximately $89,370. The transaction occurred while the stock was trading close to its 52-week high of $53.66 and after the shares had delivered a roughly 34% gain over the prior 12 months.

Following the disposition, Weber retains direct ownership of 149 shares of Northwest Natural. In addition to those directly held shares, Weber has indirect holdings of 2,235.088 shares through the Northwest Natural Gas Company Deferred Compensation Plan and 21,996.855 shares held in the Northwest Natural Retirement K Savings Plan, with those figures reported as of March 25, 2026.

Northwest Natural’s dividend track record remains a prominent feature of the company’s investor profile. According to InvestingPro, the utility has increased its dividend for 55 consecutive years and currently yields 3.75%. InvestingPro is cited as a source for that yield figure and for access to additional analytical content and ProTips available to subscribers.

On the company’s recent financials, Northwest Natural Gas reported fourth-quarter 2025 earnings per share of $1.39, matching consensus expectations. Revenue for the quarter was $394.16 million, however, falling short of the forecasted $432.5 million. Management’s guidance points to a projected 4.1% year-over-year increase in EPS for 2026, suggesting modest earnings growth next year.

Analyst reaction has included adjustments to valuation targets. Stifel raised its price target on Northwest Natural Gas from $52 to $58 and retained a Buy rating on the shares. The combination of meeting EPS expectations while missing on revenue, together with the company’s guidance and the analyst update, paints a mixed financial picture for investors.

The recent earnings call addressed these results and provided additional context on the company’s near-term financial trajectory. Investors and market participants may weigh the balance between the stability suggested by consistent dividend increases and the implications of a revenue shortfall in the most recent quarter. These developments contribute to the ongoing narrative around Northwest Natural’s performance and outlook.

Risks

  • Revenue shortfall in Q4 2025 compared with analyst forecasts - this impacts the utilities and energy sectors and could influence market sentiment.
  • Insider sale executed as the stock trades near its 52-week high - investors may view insider transactions as a source of uncertainty for investor confidence in Northwest Natural.
  • Mixed operational results despite meeting EPS expectations - differing signals from earnings and revenue create uncertainty for valuation and near-term financial trajectory.

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