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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (44888)10/10/2011 10:34:47 PM
From: E_K_S  Read Replies (1) of 78744
 
Gas Natural Inc. (EGAS)

I was thinking of peeling off some shares of this one from the IRA. I was going to wait for it to go ex dividend on Oct 12 but more importantly I wanted my new Buy stock to go down first. Glad to see EGAS make your sell list.

In the taxable account EGAS is in the top 25% of my dividend payers so I would like to see it yield below 5% first before I start selling. The monthly distribution is nice too. As it is trading near it's all time high of $11.99/share, their PE is still in OK value range at 12.69. The forward PE from the analysts is higher at 13.5 (you really want this to trend lower).

I have been selling other utilities with PE's around 15 but keeping those that continue to pay a 4% or more dividend, provide infrastructure for expanding NG supplies (storage, liquidfication processing, transportation) and have future growth potential. EGAS does not really meet these characteristics.

Dominion Resources, Inc. (D) is one I sold too early (10% lower) and I closed out my CenterPoint Energy, Inc. (CNP) at a 7% lower level (@ $19.00/share). I really like both of these companies for their NG assets and infrastructure build out potential. D owns the only LNG East Coast port terminal called Dominion Cove Point terminal.

Dominion seeks exports of Marcellus Shale gas
Message 27691290

It's still too expensive and their dividend is now below 4%. It's on my watch list but the stock needs to move much lower before it's a buy for me.

EKS
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