Northwest Natural also operates 5.7 billion cubic feet of the Mist gas storage facility contracted to other utilities and third-party marketers. It offers natural gas asset management services and operates an appliance retail center. In addition, it engages in gas storage, water, non-regulated renewable natural gas and other investments and activities.
The company provides natural gas service through approximately 786,000 meters in Oregon and southwest Washington, as well as water services to a total of approximately 80,000 people through approximately 33,000 water and wastewater connections in the Pacific Northwest and Texas.
Northwest Natural stock comes with a 3.94% dividend. The Maxim target price is $62, and the consensus target is $54.14. Thursday’s closing share price was $49.70.
Target
This big-box giant retailer had a difficult time last year but things appear to be improving. Target Corp. (NYSE: TGT) operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy and frozen items. It offers apparel, accessories, home décor products, electronics, toys, seasonal offerings, food and other merchandise, as well as beauty and household essentials.
Target also provides in-store amenities, such as Target Café, Target Optical, Starbucks and other food service offerings. The company sells its products through its stores and digital channels, including Target.com. As of March 9, 2022, the company operated approximately 2,000 stores.
Despite its troubles, the company’s business appears to be stabilizing, and the stock actually was up over the final six months of 2022. Solid discounting to lure in customers has worked well, as customer traffic for the third quarter rose 1% while sales were up 3%.
Investors receive a 2.90% dividend. J.P. Morgan has a $201 target price. The consensus target is $174.32. Thursday’s final trade came in at $159.75 a share.
Any company that has paid shareholders dividends for 50 years or more is the epitome of safe and dependable. Toss in the fact that all these outstanding stocks have support from top Wall Street analysts, making them good ideas for nervous investors. In these turbulent times the old adage of “better safe than sorry” are words to live by for sure, especially given the multitude of events and situations that are threatening a stock market that ran way past its intrinsic value some time ago.
Originally published at 24/7 Wall St.
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