Northwest Natural Holding offers a near-5% dividend yield, 25 years of consecutive dividend raises, and a strong balance sheet with an A- credit rating. NWN's diversified business segments, including natural gas, water, and renewables, provide stable earnings and growth opportunities, with significant revenue from its natural gas utility. Trading at a forward PE below its historical average, NWN is poised for potential market-beating returns with management guiding for 4-6% annual EPS growth.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Northwest Natural Holding Company (NYSE:NWN ) Q3 2024 Earnings Conference Call November 12, 2024 11:00 AM ET Company Participants Nikki Sparley - Director of IR David Anderson - CEO Brody Wilson - CFO, VP, Treasurer and Chief Accounting Officer Justin Palfreyman - President Raymond Kaszuba - SVP & CFO Conference Call Participants Christopher Ellinghaus - Siebert Williams Shank Selman Akyol - Stifel Operator Good morning, and thank you all for attending the NW Natural Holding Company Third Quarter 2024 Earnings Call. My name is Rica and I will be your moderator for today.
Northwest Natural (NWN) came out with a quarterly loss of $0.71 per share versus the Zacks Consensus Estimate of a loss of $0.79. This compares to loss of $0.65 per share a year ago.
Northwest Natural Holding, a gas utility serving Oregon, is recommended as a "Speculative Buy for Income" despite political risks and flat earnings. The company has a strong service area, no leak-prone pipes, and a high dividend yield of 4.86%, making it attractive for income-focused investors. Regulatory environment in Oregon is average, but recent rate increase supports a stable outlook for NWN.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Northwest Natural Holding Company offers consistent dividends but lacks growth compared to the broader market, making it a solid choice for income-focused investors. Despite efforts in clean energy and water recycling, Northwest's financials, including revenue and earnings, are underwhelming, with a 68-year dividend streak being its main attraction. The company's valuation appears fair, but high debt levels and recent net losses raise concerns, warranting a "Hold" rating until growth improves.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
NWN makes a strong case for investment, given its growth prospects, better debt management and capability to increase shareholders' value.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Invest in utility stocks like UGI, Northwest Natural (NWN) and Veolia (VEOEY) for steady returns and reduction of risk in a recovering economy.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.