Energy and Water Distributor Boosts Shareholder Value

  • Northwest Natural Holding announces new share repurchase program
  • Authorization for up to $150 million buyback
  • Replaces prior plan from 2000
  • Total cost of prior plan: $83.3 million

Northwest Natural Holding, a distributor of gas and water, has announced the authorization of a new share repurchase program for its common stock. The new program allows for up to 5 million shares or an aggregate amount of $150 million. This authorization will remain in effect until it is used, terminated, or replaced by the company. Replacing their prior buyback plan from 2000, Northwest Natural Holding repurchased 2.1 million shares at a total cost of $83.3 million. With a market cap of $1.36 billion, 38.03 million shares outstanding, and a public float of 37.52 million shares, the company is focused on boosting shareholder value.

Factuality Level: 9
Factuality Justification: The article provides accurate information about the company’s new share repurchase program, its authorization amount, and relevant details such as market cap, number of outstanding shares, and public float.
Noise Level: 4
Noise Justification: The article provides relevant information about the company’s new share repurchase program but lacks in-depth analysis or exploration of its implications on the industry or market trends.
Public Companies: Northwest Natural Holding (NWN)
Key People:

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Financial Relevance: Yes
Financial Markets Impacted: The new share repurchase program will impact the company’s stock price and potentially affect its market cap, as well as the overall gas and water utility sector.
Financial Rating Justification: This article discusses a company’s decision to authorize a new share repurchase program, which directly pertains to financial topics such as stock buybacks and market capitalization. Additionally, it may have an impact on the financial markets and companies in the gas and water utility sector.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.

Reported publicly: www.marketwatch.com