NWN - Northwest Natural Holding: An Upside In Natural Gas I Say 'Buy'

2024-03-19 23:10:30 ET

Summary

• Northwest Natural is an undervalued utility company with a drop in stock price of over 20% in the past year.
• The company has a solid financial profile, including an A+ rating, low long-term debt, and a dividend yield of over 5.4%.
• Northwest Natural operates in the gas and water sectors, with a focus on serving customers in Oregon and Southwestern Washington state. I view the company as an attractive "BUY" here.

Dear readers/followers,

In the past few months, about half a year, I've been pushing money to work in a new undervalued sector of the market - that sector being the utilities sector, specifically US utilities that show undervaluation. European utilities, such as Enel (ENLAY) have shown significant undervaluation for quite some time - but that is now also the case with their American counterparts. This undervaluation has now also become quite pronounced over the past few months. The company which I am going to review here has in fact dropped over 20% for the past year....

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