NorthWestern Corporation (NYSE:NWE) had its target price dropped by research analysts at Credit Suisse Group from $60.00 to $58.00 in a research note issued on Friday. The firm presently has an “underperform” rating on the utilities provider’s stock. Credit Suisse Group’s target price indicates a potential downside of 3.88% from the stock’s current price.
Several other research firms have also recently commented on NWE. BidaskClub upgraded shares of NorthWestern Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 8th. Zacks Investment Research upgraded shares of NorthWestern Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Bank of America Corporation began coverage on shares of NorthWestern Corporation in a research note on Tuesday, October 24th. They set an “underperform” rating and a $54.00 target price for the company. KeyCorp reiterated a “hold” rating on shares of NorthWestern Corporation in a research note on Friday, October 20th. Finally, Williams Capital cut shares of NorthWestern Corporation from a “hold” rating to a “sell” rating and cut their target price for the company from $64.00 to $52.00 in a research note on Monday, July 31st. Four analysts have rated the stock with a sell rating and two have issued a hold rating to the company. NorthWestern Corporation currently has a consensus rating of “Sell” and an average price target of $58.00.
NorthWestern Corporation (NYSE NWE) traded down $0.39 during trading hours on Friday, reaching $60.34. 365,700 shares of the company traded hands, compared to its average volume of 283,185. The firm has a market cap of $2,932.22, a PE ratio of 18.23, a P/E/G ratio of 11.59 and a beta of 0.35. NorthWestern Corporation has a 1 year low of $54.07 and a 1 year high of $63.86. The company has a current ratio of 0.42, a quick ratio of 0.33 and a debt-to-equity ratio of 1.05.
NorthWestern Corporation (NYSE:NWE) last released its earnings results on Wednesday, November 1st. The utilities provider reported $0.74 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.01). The company had revenue of $309.90 million for the quarter, compared to analyst estimates of $305.60 million. NorthWestern Corporation had a net margin of 12.44% and a return on equity of 9.41%. NorthWestern Corporation’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.68 earnings per share. research analysts forecast that NorthWestern Corporation will post 3.39 EPS for the current fiscal year.
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In other NorthWestern Corporation news, CEO Robert C. Rowe sold 3,626 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $60.43, for a total value of $219,119.18. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.33% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Meeder Asset Management Inc. bought a new stake in NorthWestern Corporation in the 2nd quarter valued at $155,000. Riverhead Capital Management LLC increased its holdings in NorthWestern Corporation by 62.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,931 shares of the utilities provider’s stock valued at $179,000 after buying an additional 1,131 shares during the period. North Star Investment Management Corp. increased its holdings in NorthWestern Corporation by 100.4% in the 2nd quarter. North Star Investment Management Corp. now owns 3,295 shares of the utilities provider’s stock valued at $201,000 after buying an additional 1,651 shares during the period. Stevens Capital Management LP bought a new stake in NorthWestern Corporation in the 2nd quarter valued at $201,000. Finally, Legg Mason Asset Management Japan Co. Ltd. bought a new stake in NorthWestern Corporation in the 2nd quarter valued at $207,000. 97.32% of the stock is currently 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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