Northwestern Natural (NWN) Price Target Raised at Stifel

Northwest Natural Holding Company (NYSE:NWN) is included among the 14 Best Utility Dividend Stocks to Buy Now.

Northwest Natural Holding Company (NYSE:NWN) operates natural gas distribution utilities serving the Pacific Northwest and Texas, as well as water and wastewater utilities serving customers across six states.

Northwest Natural Holding Company (NYSE:NWN) received a lift on November 12 when Stifel analyst Selman Akyol raised the stock’s price target from $50 to $52, while maintaining a ‘Buy’ rating on its shares after updating the firm’s estimates post the quarter, as reported by The Fly.

In other news, Northwest Natural Holding Company (NYSE:NWN) posted mixed results for its third quarter earlier this month, with its adjusted loss per share of $0.73 beating estimates by $0.1. However, the company’s revenue of $164.7 million missed expectations by over $10 million, despite a 20% YoY increase. The growth comes on the back of NWN posting a combined utility customer growth rate of 10.9% for the 12 months ending September 30, primarily attributed to gas utility acquisitions in Texas. The utility expects its FY 2025 results to be above the midpoint of its adjusted earnings range of $2.75 per share to $2.95 per share.

Northwest Natural Holding Company (NYSE:NWN) remains strongly committed to its shareholders, with the company’s Board approving a dividend increase in the fourth quarter, making this the 70th consecutive year of annual dividend increases. NWN is one of only three companies on the New York Stock Exchange boasting this outstanding record.

While we acknowledge the potential of NWN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NWN and that has a 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None.