NWN is the regulated utility supplying natural gas in the Pacific Northwest. As a utility, it pays a solid dividend. Its trading at 13x earnings and 1.1x book value. Cash reserves are growing, while debt is retired. We recommend placing a stop-loss at $33, looking to achieve $45 -- upside potential of 20%. Yield 5.2%
Our PAST TOP PICK with NWN is progressing well. To remain disciplined, we recommend trailing up the stop (from $37) to $41 at this time.