5 Utilities Stocks with Over 3% Dividend Yield

In this article, we will be looking at 10 utilities stocks with over 3% yield. To read our detailed analysis of utility stocks, you can go directly to see the 10 Utilities Stocks with Over 3% Yield.

5. Northwest Natural Holding Company (NYSE: NWN)

Number of Hedge Fund Holders: 10
Dividend Yield: 3.6%

Northwest Natural Holding Company (NYSE: NWN) provides regulated natural gas distribution services to residential, commercial, industrial, and transportation consumers in Oregon and Southwest Washington. It operates through Northwest Natural Gas Company, its subsidiary organ, and ranks 5th on our list of utilities stocks with over 3% yield.

Wells Fargo analyst Sarah Akers just this May raised the price target on shares of Northwest Natural Holding Company (NYSE: NWN) from $49 to $58. The analyst also holds an Equal Weight rating on the stock.

In the second quarter of 2021, Northwest Natural Holding Company (NYSE: NWN) had an EPS of -$0.02, beating estimates by $0.12. The company’s revenue was $148.92 million, up 10.33% year over year and beating estimates by $6.28 million. Northwest Natural Holding Company (NYSE: NWN) has gained 12.41% in the past 6 months and 15.29% year to date.

By the end of the first quarter of 2021, 10 hedge funds out of the 866 tracked by Insider Monkey held stakes in Northwest Natural Holding Company (NYSE: NWN) worth roughly $28.4 million. This is compared to 10 hedge funds in the previous quarter with a total stake value of approximately $25.4.