NorthWestern Corporation: Strong Renewable Focus But Expensive

Power Hedge
Investing Group Leader

Summary

  • NorthWestern Corporation operates in some of the most rural parts of the country, providing electric and natural gas to people in the northernmost states.
  • The area that the company serves is one of the most rapidly growing regions in the country, which positions it well for growth simply by serving more people.
  • The company is much more aggressive than its peers at the use of renewables for generation, which may appeal to the ESG crowd.
  • The company has a very strong balance sheet and a high dividend yield that appears to be quite secure.
  • The stock is incredibly expensive relative to its peers, so it may make sense to wait for a better entry point.
  • Looking for a helping hand in the market? Members of Energy Profits in Dividends get exclusive ideas and guidance to navigate any climate. Learn More »

Engineer Working On Power Line In Field.

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NorthWestern Corporation (NASDAQ:NWE) is an electric and natural gas utility that services customers in Montana, South Dakota, Nebraska, and Yellowstone National Park. Admittedly, this is not a region that will immediately come to the minds of most investors when they are looking for

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This article was written by

Power Hedge
15.65K Followers

Power Hedge has been covering both traditional and renewable energy since 2010. He targets primarily international companies of all sizes that hold a competitive advantage and pay dividends with strong yields.

He is the leader of the investing group Energy Profits in Dividends where he focuses on generating income through energy stocks and CEFs while managing risk through options. He also provides micro and macro-analysis of both domestic and international energy companie. Learn more.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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