NorthWestern Corp (NYSE:NWE) Receives Consensus Rating of “Hold” from Brokerages

Shares of NorthWestern Corp (NYSE:NWE) have earned a consensus recommendation of “Hold” from the eight research firms that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $61.80.

Several equities analysts have commented on the stock. Zacks Investment Research cut shares of NorthWestern from a “buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Barclays reissued a “sell” rating and set a $70.00 target price on shares of NorthWestern in a research report on Sunday, July 28th. Finally, ValuEngine cut shares of NorthWestern from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st.

In other news, General Counsel H. Grahame Heather sold 3,600 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $71.09, for a total transaction of $255,924.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert C. Rowe sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $72.57, for a total transaction of $108,855.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,970 shares of company stock worth $697,947. Insiders own 1.17% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in shares of NorthWestern by 1.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,269,474 shares of the utilities provider’s stock worth $163,084,000 after purchasing an additional 35,973 shares during the last quarter. Northern Trust Corp increased its stake in shares of NorthWestern by 1.1% during the 1st quarter. Northern Trust Corp now owns 1,396,881 shares of the utilities provider’s stock worth $98,355,000 after purchasing an additional 14,852 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of NorthWestern by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,063,564 shares of the utilities provider’s stock worth $63,218,000 after purchasing an additional 18,787 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of NorthWestern by 5.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 806,769 shares of the utilities provider’s stock worth $58,208,000 after purchasing an additional 42,499 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of NorthWestern during the 4th quarter worth approximately $37,535,000. Institutional investors own 95.66% of the company’s stock.

Shares of NWE stock traded down $0.73 on Monday, reaching $68.66. 139,689 shares of the company were exchanged, compared to its average volume of 310,017. The stock has a market capitalization of $3.52 billion, a P/E ratio of 20.25, a price-to-earnings-growth ratio of 7.43 and a beta of 0.24. The firm has a 50-day simple moving average of $71.53. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 1.08. NorthWestern has a one year low of $56.23 and a one year high of $74.47.

NorthWestern (NYSE:NWE) last announced its quarterly earnings results on Tuesday, July 23rd. The utilities provider reported $0.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.31. NorthWestern had a net margin of 17.30% and a return on equity of 9.86%. The business had revenue of $270.70 million for the quarter, compared to analysts’ expectations of $308.82 million. During the same quarter last year, the firm earned $0.63 EPS. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. Equities research analysts predict that NorthWestern will post 3.55 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.575 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $2.30 annualized dividend and a dividend yield of 3.35%. NorthWestern’s dividend payout ratio is currently 67.85%.

NorthWestern Company Profile

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, stores, transmits, and distributes natural gas, as well as owns municipal franchises to provide natural gas service in the communities.

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Analyst Recommendations for NorthWestern (NYSE:NWE)

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