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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For further details see:
Northwest Natural Holding: An Upside In Natural Gas, I Say 'Buy'