SCHEDULE: State Street Discloses 5.2% Stake in Northwest Natural

State Street Corporation has reported a 5.2% beneficial ownership stake in Northwest Natural Holding Co. common stock as of June 30, 2025.

Summary

• State Street Corporation, a Massachusetts-based parent holding company, has filed a Schedule 13G.
• The filing indicates beneficial ownership of 2,083,304 shares of common stock in Northwest Natural Holding Co.
• This represents 5.2% of the class of securities.
• State Street Corporation holds shared voting power over 1,868,122 shares and shared dispositive power over all 2,083,304 shares.
• The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
• The filing was made by State Street Corporation on behalf of its subsidiaries, including SSGA Funds Management, Inc., State Street Global Advisors Europe Limited, State Street Global Advisors Limited, State Street Global Advisors Trust Company, State Street Global Advisors, Australia, Limited, and State Street Global Advisors, Ltd.

Sentiment

Score: 5

Explanation: This filing is a routine disclosure of beneficial ownership by a large institutional investor, indicating a passive stake. It does not contain information that would inherently be considered positive or negative for the issuer's operational performance or financial health.

Positives

• Not applicable to this type of filing.

Negatives

• Not applicable to this type of filing.

Risks

• Not applicable to this type of filing, as a Schedule 13G reports beneficial ownership and does not detail operational or financial risks of the issuer.

Future Outlook

Not applicable to this type of filing, as a Schedule 13G reports current beneficial ownership and does not provide forward-looking statements or guidance on the issuer's operations.

Industry Context

This filing reflects a passive investment by a major institutional asset manager, State Street Corporation, in Northwest Natural Holding Co., a utility company. Such filings are common for large asset managers holding diversified portfolios and typically do not indicate specific strategic shifts or competitive actions within the utility sector.

Comparison to Industry Standards

• Not applicable to this type of filing, as a Schedule 13G reports beneficial ownership and does not provide operational or financial results for comparison.

Legal Proceedings

• Not applicable to this type of filing.

Related Party Transactions

• Not applicable to this type of filing.

Stakeholder Impact

• Minimal direct impact on shareholders, as this is a passive investment disclosure by a large institutional investor and does not signal a change in control or strategic direction.
• No direct impact on employees, customers, suppliers, or creditors of Northwest Natural Holding Co. is indicated by this beneficial ownership filing.

Next Steps

• Not applicable to this type of filing, as a Schedule 13G is a disclosure of current ownership and does not outline future actions or milestones for the issuer or the reporting entity.

Key Dates

Keywords

Northwest Natural Holding Co, NWN, State Street Corporation, Beneficial Ownership, Schedule 13G, Common Stock, Institutional Investor, Utility Sector