Barclays cut shares of NorthWestern (NYSE:NWE) from an overweight rating to an equal weight rating in a report issued on Wednesday morning, Anlyst Ratings reports. They currently have $63.00 price objective on the utilities provider’s stock, up from their prior price objective of $59.00.
Several other equities analysts have also commented on NWE. ValuEngine lowered NorthWestern from a hold rating to a sell rating in a report on Wednesday, August 12th. Credit Suisse Group upgraded NorthWestern from a neutral rating to an outperform rating and set a $64.00 price objective for the company in a research note on Monday, November 16th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. NorthWestern has an average rating of Hold and an average target price of $64.67.
NorthWestern stock opened at $58.77 on Wednesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.61 and a quick ratio of 0.47. NorthWestern has a 12 month low of $45.06 and a 12 month high of $80.52. The company has a fifty day moving average price of $53.93 and a two-hundred day moving average price of $54.49. The company has a market cap of $2.97 billion, a PE ratio of 19.40, a P/E/G ratio of 4.41 and a beta of 0.26.
NorthWestern (NYSE:NWE) last posted its quarterly earnings results on Wednesday, October 21st. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.01. NorthWestern had a net margin of 12.74% and a return on equity of 7.89%. Equities research analysts anticipate that NorthWestern will post 3.35 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date is Monday, December 14th. NorthWestern’s dividend payout ratio (DPR) is 70.18%.
In other NorthWestern news, CEO Robert C. Rowe sold 2,700 shares of NorthWestern stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $50.44, for a total transaction of $136,188.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.17% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of NorthWestern by 24.2% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 71,028 shares of the utilities provider’s stock valued at $5,002,000 after acquiring an additional 13,818 shares in the last quarter. SG Americas Securities LLC increased its position in shares of NorthWestern by 12.2% during the 2nd quarter. SG Americas Securities LLC now owns 17,053 shares of the utilities provider’s stock valued at $930,000 after purchasing an additional 1,861 shares during the period. CWM LLC raised its stake in shares of NorthWestern by 21.5% in the 2nd quarter. CWM LLC now owns 16,282 shares of the utilities provider’s stock worth $888,000 after buying an additional 2,877 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of NorthWestern by 21.0% in the second quarter. First Trust Advisors LP now owns 883,931 shares of the utilities provider’s stock valued at $48,192,000 after buying an additional 153,458 shares during the period. Finally, Liberty One Investment Management LLC boosted its stake in NorthWestern by 9.9% during the second quarter. Liberty One Investment Management LLC now owns 97,136 shares of the utilities provider’s stock valued at $5,296,000 after buying an additional 8,753 shares in the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.
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, purchases, stores, transmits, and distributes natural gas, as well as owns municipal franchises to provide natural gas service in the communities.
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