NorthWestern Corp (NYSE:NWE) has been given an average recommendation of “Hold” by the six analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $59.67.
A number of analysts have recently weighed in on NWE shares. Zacks Investment Research downgraded shares of NorthWestern from a “buy” rating to a “hold” rating in a research report on Thursday, September 20th. Credit Suisse Group upped their target price on shares of NorthWestern from $55.00 to $56.00 and gave the stock an “underperform” rating in a research report on Monday, October 1st. Barclays set a $62.00 target price on shares of NorthWestern and gave the stock a “hold” rating in a research report on Saturday, November 17th. ValuEngine downgraded shares of NorthWestern from a “buy” rating to a “hold” rating in a research report on Friday, November 2nd. Finally, Wells Fargo & Co upped their target price on shares of NorthWestern from $59.00 to $61.00 and gave the stock a “market perform” rating in a research report on Monday, September 17th.
In related news, Director Jan Robert Horsfall sold 900 shares of the stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $60.95, for a total transaction of $54,855.00. Following the sale, the director now directly owns 4,255 shares of the company’s stock, valued at approximately $259,342.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP H. Grahame Heather sold 1,900 shares of the stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $64.15, for a total transaction of $121,885.00. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in NWE. Principal Financial Group Inc. grew its position in NorthWestern by 5.7% during the 1st quarter. Principal Financial Group Inc. now owns 216,986 shares of the utilities provider’s stock valued at $11,674,000 after purchasing an additional 11,750 shares during the last quarter. Hartford Investment Management Co. purchased a new stake in NorthWestern during the 2nd quarter valued at about $248,000. Steward Partners Investment Advisory LLC purchased a new stake in NorthWestern during the 2nd quarter valued at about $132,000. Acadian Asset Management LLC grew its position in NorthWestern by 11,787.1% during the 2nd quarter. Acadian Asset Management LLC now owns 114,354 shares of the utilities provider’s stock valued at $6,547,000 after purchasing an additional 113,392 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in NorthWestern by 3.6% during the 2nd quarter. Bessemer Group Inc. now owns 37,900 shares of the utilities provider’s stock valued at $2,170,000 after purchasing an additional 1,300 shares during the last quarter. 97.14% of the stock is currently owned by institutional investors.
NYSE NWE traded down $0.03 during trading on Wednesday, hitting $64.02. The company had a trading volume of 538,171 shares, compared to its average volume of 277,468. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.07. NorthWestern has a one year low of $50.01 and a one year high of $65.74. The firm has a market capitalization of $3.22 billion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 8.33 and a beta of 0.12.
NorthWestern (NYSE:NWE) last issued its quarterly earnings data on Tuesday, October 23rd. The utilities provider reported $0.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.14). NorthWestern had a return on equity of 9.64% and a net margin of 14.53%. The company had revenue of $279.87 million during the quarter, compared to the consensus estimate of $312.21 million. During the same quarter last year, the company posted $0.74 earnings per share. The firm’s revenue for the quarter was down 9.7% compared to the same quarter last year. On average, sell-side analysts predict that NorthWestern will post 3.4 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date is Thursday, December 13th. NorthWestern’s dividend payout ratio is presently 66.67%.
NorthWestern Company Profile
NorthWestern Corporation, doing business as NorthWestern Energy, provides electricity and natural gas to residential, commercial, and industrial customers. The company operates through Electric Operations and Natural Gas Operations segments. It generates, transmits, and distributes electricity; and produces, stores, transmits, and distributes natural gas, as well as owns municipal franchises to provide natural gas service in the communities.
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