FY2022 EPS Estimates for NorthWestern Co. (NASDAQ:NWE) Decreased by KeyCorp

NorthWestern Co. (NASDAQ:NWE) – Research analysts at KeyCorp dropped their FY2022 earnings per share estimates for shares of NorthWestern in a report issued on Wednesday, January 12th. KeyCorp analyst S. Karp now forecasts that the company will earn $3.40 per share for the year, down from their previous estimate of $3.65. KeyCorp currently has a “Overweight” rating and a $68.00 target price on the stock. KeyCorp also issued estimates for NorthWestern’s FY2024 earnings at $3.91 EPS.

Several other research firms also recently weighed in on NWE. Wells Fargo & Company downgraded shares of NorthWestern from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $58.00 to $59.00 in a research report on Monday, December 13th. Zacks Investment Research downgraded shares of NorthWestern from a “hold” rating to a “sell” rating in a research report on Wednesday, December 29th. Finally, Barclays cut shares of NorthWestern from an “equal weight” rating to an “underweight” rating and set a $71.00 price target for the company. in a report on Tuesday, November 16th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $65.33.

NorthWestern stock opened at $58.00 on Friday. The firm’s 50 day simple moving average is $56.33 and its 200-day simple moving average is $59.30. The company has a market cap of $3.05 billion, a P/E ratio of 15.68, a price-to-earnings-growth ratio of 3.92 and a beta of 0.49. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.95 and a quick ratio of 0.74. NorthWestern has a fifty-two week low of $53.16 and a fifty-two week high of $70.80.

NorthWestern (NASDAQ:NWE) last announced its quarterly earnings data on Saturday, October 23rd. The company reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.05. The company had revenue of $325.96 million for the quarter, compared to analysts’ expectations of $293.90 million. NorthWestern had a net margin of 14.13% and a return on equity of 9.29%. During the same quarter in the previous year, the company posted $0.59 EPS.

The business also recently declared a quarterly dividend, which was paid on Friday, December 31st. Investors of record on Wednesday, December 15th were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 4.28%. The ex-dividend date of this dividend was Tuesday, December 14th. NorthWestern’s dividend payout ratio is currently 67.03%.

In other NorthWestern news, CEO Robert C. Rowe sold 3,000 shares of NorthWestern stock in a transaction that occurred on Wednesday, December 15th. The shares were sold at an average price of $55.23, for a total value of $165,690.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.17% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Amundi Pioneer Asset Management Inc. lifted its stake in shares of NorthWestern by 24.2% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 71,028 shares of the company’s stock worth $5,002,000 after buying an additional 13,818 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of NorthWestern by 7.3% in the second quarter. Envestnet Asset Management Inc. now owns 22,055 shares of the company’s stock worth $1,328,000 after buying an additional 1,505 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of NorthWestern by 11.3% in the second quarter. Van ECK Associates Corp now owns 7,347 shares of the company’s stock worth $442,000 after buying an additional 747 shares during the last quarter. CWM Advisors LLC lifted its stake in shares of NorthWestern by 3.1% in the second quarter. CWM Advisors LLC now owns 7,260 shares of the company’s stock worth $437,000 after buying an additional 220 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in shares of NorthWestern by 2.8% in the second quarter. BlackRock Inc. now owns 7,706,135 shares of the company’s stock worth $464,064,000 after buying an additional 207,707 shares during the last quarter. Hedge funds and other institutional investors own 92.18% of the company’s stock.

NorthWestern Company Profile

NorthWestern Corp. engages in generating and distributing electricity and natural gas. It operates through the following segments: Electric Utility Operations, Natural Gas Operations, and All Other. The Electric Utility Operations segment includes generation, transmission, and distribution of electric utility business as a vertically integrated generation transmission and distribution utility.

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Earnings History and Estimates for NorthWestern (NASDAQ:NWE)

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