NorthWestern Corporation (NYSE:NWE) has received an average rating of “Sell” from the six research firms that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $55.33.
A number of analysts recently issued reports on the company. Credit Suisse Group cut NorthWestern Corporation from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $62.00 to $60.00 in a research report on Monday, July 24th. Williams Capital upped their target price on NorthWestern Corporation from $61.00 to $64.00 and gave the company a “hold” rating in a research report on Wednesday, July 5th. BidaskClub cut NorthWestern Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. Zacks Investment Research raised NorthWestern Corporation from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research note on Friday, July 7th. Finally, Bank of America Corporation began coverage on NorthWestern Corporation in a research note on Tuesday. They set an “underperform” rating and a $54.00 price objective for the company.
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Shares of NorthWestern Corporation (NWE) traded up 1.63% on Tuesday, hitting $59.26. The stock had a trading volume of 258,708 shares. NorthWestern Corporation has a 52-week low of $54.07 and a 52-week high of $63.86. The firm has a market cap of $2.87 billion, a PE ratio of 17.18 and a beta of 0.36. The firm’s 50-day moving average price is $58.42 and its 200 day moving average price is $60.10.
NorthWestern Corporation (NYSE:NWE) last announced its earnings results on Tuesday, July 25th. The utilities provider reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.15). The firm had revenue of $283.86 million during the quarter, compared to analyst estimates of $302.42 million. NorthWestern Corporation had a net margin of 13.17% and a return on equity of 9.31%. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period last year, the company earned $0.65 earnings per share. On average, equities research analysts predict that NorthWestern Corporation will post $3.39 EPS for the current year.
In other NorthWestern Corporation news, CEO Robert C. Rowe sold 3,626 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $60.43, for a total transaction of $219,119.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.33% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in NorthWestern Corporation by 4.7% during the 2nd quarter. Vanguard Group Inc. now owns 4,458,394 shares of the utilities provider’s stock valued at $272,052,000 after acquiring an additional 200,531 shares during the last quarter. State Street Corp raised its stake in shares of NorthWestern Corporation by 7.0% during the 2nd quarter. State Street Corp now owns 1,799,646 shares of the utilities provider’s stock worth $109,811,000 after buying an additional 118,101 shares in the last quarter. American Century Companies Inc. raised its stake in shares of NorthWestern Corporation by 7.4% during the 2nd quarter. American Century Companies Inc. now owns 1,501,387 shares of the utilities provider’s stock worth $91,615,000 after buying an additional 103,273 shares in the last quarter. Northern Trust Corp raised its stake in shares of NorthWestern Corporation by 7.4% during the 2nd quarter. Northern Trust Corp now owns 1,404,504 shares of the utilities provider’s stock worth $85,702,000 after buying an additional 96,231 shares in the last quarter. Finally, Westwood Holdings Group Inc. raised its stake in shares of NorthWestern Corporation by 3.5% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,063,451 shares of the utilities provider’s stock worth $64,872,000 after buying an additional 36,397 shares in the last quarter. 98.34% of the stock is owned by hedge funds and other institutional investors.
NorthWestern Corporation Company Profile
NorthWestern Corporation, doing business as North-Western Energy, provides electricity and natural gas. The Company’s segments are Electric operations, Natural gas operations and All other. As of December 31, 2016, the Company provided electricity and natural gas to approximately 709,600 customers in Montana, South Dakota and Nebraska.
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