NorthWestern Co. (NASDAQ:NWE) Receives $61.86 Consensus PT from Brokerages

Shares of NorthWestern Co. (NASDAQ:NWEGet Rating) have been given an average recommendation of “Hold” by the nine research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $61.86.

A number of research firms recently weighed in on NWE. Bank of America downgraded NorthWestern from a “neutral” rating to an “underperform” rating and upped their price target for the stock from $61.00 to $62.00 in a research note on Tuesday, May 31st. TheStreet lowered NorthWestern from a “b” rating to a “c+” rating in a report on Monday, August 29th. Barclays decreased their price objective on NorthWestern from $62.00 to $57.00 and set an “equal weight” rating for the company in a report on Monday, July 18th. Finally, KeyCorp decreased their price objective on NorthWestern from $67.00 to $64.00 and set an “overweight” rating for the company in a report on Tuesday, July 19th.

NorthWestern Stock Up 0.9 %

NWE stock opened at $54.15 on Thursday. The stock’s 50 day simple moving average is $54.88 and its 200 day simple moving average is $56.93. NorthWestern has a fifty-two week low of $52.71 and a fifty-two week high of $63.06. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.79 and a current ratio of 1.05. The company has a market cap of $3.04 billion, a P/E ratio of 16.61, a price-to-earnings-growth ratio of 7.12 and a beta of 0.41.

NorthWestern (NASDAQ:NWEGet Rating) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. NorthWestern had a return on equity of 7.59% and a net margin of 12.61%. The business had revenue of $323.00 million for the quarter, compared to the consensus estimate of $290.20 million. On average, research analysts expect that NorthWestern will post 3.32 earnings per share for the current fiscal year.

NorthWestern Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 4.65%. The ex-dividend date of this dividend is Wednesday, September 14th. NorthWestern’s dividend payout ratio is presently 77.30%.

Insider Activity

In other news, CEO Robert C. Rowe sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $54.01, for a total value of $216,040.00. Following the completion of the transaction, the chief executive officer now directly owns 193,116 shares of the company’s stock, valued at $10,430,195.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.17% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NorthWestern

Several institutional investors and hedge funds have recently bought and sold shares of the company. Quadrant Capital Group LLC grew its holdings in NorthWestern by 35.0% during the second quarter. Quadrant Capital Group LLC now owns 733 shares of the company’s stock valued at $43,000 after purchasing an additional 190 shares during the period. Commonwealth Equity Services LLC grew its holdings in NorthWestern by 0.9% during the second quarter. Commonwealth Equity Services LLC now owns 22,485 shares of the company’s stock valued at $1,325,000 after purchasing an additional 204 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of NorthWestern by 3.6% during the first quarter. Janney Montgomery Scott LLC now owns 5,941 shares of the company’s stock worth $359,000 after acquiring an additional 205 shares in the last quarter. Texas Permanent School Fund lifted its position in shares of NorthWestern by 0.6% during the first quarter. Texas Permanent School Fund now owns 38,342 shares of the company’s stock worth $2,319,000 after acquiring an additional 214 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its position in shares of NorthWestern by 2.3% during the second quarter. Exchange Traded Concepts LLC now owns 10,367 shares of the company’s stock worth $611,000 after acquiring an additional 236 shares in the last quarter.

NorthWestern Company Profile

(Get Rating)

NorthWestern Corporation, doing business as NorthWestern Energy, provides electricity and natural gas to residential, commercial, and various industrial customers. The company operates through Electric and Natural Gas segments. It generates, purchases, 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.

See Also

Analyst Recommendations for NorthWestern (NASDAQ:NWE)

Receive News & Ratings for NorthWestern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NorthWestern and related companies with MarketBeat.com's FREE daily email newsletter.