BlackRock Amends NW Natural Stake, Maintains Passive Position

Ticker: NWN · Form: SC 13G/A · Filed: 2024-01-19T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investing

TL;DR

**BlackRock still owns a big chunk of NW Natural, signaling institutional confidence.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 19, 2024, disclosing its ownership of Northwest Natural Holding Co. common stock as of December 31, 2023. This amendment (Amendment No. 4) indicates BlackRock continues to hold a significant, though passive, stake in the natural gas distribution company. For investors, this means a major institutional player still sees value in Northwest Natural, providing a degree of stability and institutional confidence in the stock.

Why It Matters

This filing confirms BlackRock, a massive institutional investor, still holds a substantial, passive stake in Northwest Natural Holding Co., signaling continued institutional confidence in the company's long-term prospects.

Risk Assessment

Risk Level: low — This filing is routine and indicates a stable, passive institutional ownership, posing minimal immediate risk to investors.

Analyst Insight

Investors should note BlackRock's continued passive ownership as a sign of institutional stability, but this filing alone doesn't suggest any immediate buy or sell action. It's a routine update confirming a large holder's position.

Key Players & Entities

FAQ

What type of filing is this and what does it generally indicate?

This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It indicates that a passive institutional investor, in this case, BlackRock Inc., is updating its ownership stake in a company, Northwest Natural Holding Co., and does not intend to influence management.

Who is the reporting person in this filing?

The reporting person is BlackRock Inc., a major institutional asset manager with a Central Index Key (CIK) of 0001364742.

What is the subject company whose shares are being reported?

The subject company is Northwest Natural Holding Co., a natural gas distribution company with a Central Index Key (CIK) of 0001733998.

What was the 'Date of Event Which Requires Filing of this Statement'?

The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as stated in the filing.

Which rule under the Securities Exchange Act of 1934 is this Schedule 13G filed under?

This Schedule 13G is filed under Rule 13d-1(b), as indicated by the 'X' next to '[X] Rule 13d-1(b)' in the filing.

From the Filing

EDGAR Filing Documents for 0001086364-24-000334 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-000334 Filing Date 2024-01-19 Accepted 2024-01-19 14:40:51 Documents 1 Document Format Files Seq Description Document Type Size 1 us66765n1054_011924.txt SC 13G/A 11648 Complete submission text file 0001086364-24-000334.txt 13444 Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance) Mailing Address 250 SW TAYLOR STREET PORTLAND OR 97204 Business Address 250 SW TAYLOR STREET PORTLAND OR 97204 503-226-4211 Northwest Natural Holding Co (Subject) CIK : 0001733998 (see all company filings) EIN. : 824710680 | State of Incorp.: OR | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-90712 | Film No.: 24545150 SIC : 4924 Natural Gas Distribution (CF Office: 01 Energy & Transportation)

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