NWE - NorthWestern: Mid-Pandemic Update On This 4.8%-Yielding Utility
- NWE is an electric and gas utility serving an area of the Rocky Mountain region/middle America that enjoys above-average population growth.
- The company maintains a strong, investment-grade balance sheet with no near-term debt maturities and ample liquidity.
- COVID-19 certainly had a negative impact on the utility, with both revenue and earnings taking a big hit in the first half of the year.
- In the second half of the year, however, the utility's performance should rebound strongly, which is not being priced into the stock.
- NWE's 4.8% yield plus its expected growth rate of 4-5% results in an attractive dividend growth investment opportunity.
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NorthWestern: Mid-Pandemic Update On This 4.8%-Yielding Utility