NorthWestern Corporation (NYSE:NWE) – Stock analysts at KeyCorp issued their Q3 2017 earnings per share estimates for shares of NorthWestern Corporation in a research note issued to investors on Wednesday. KeyCorp analyst P. Ridzon forecasts that the utilities provider will post earnings per share of $0.76 for the quarter. KeyCorp has a “Hold” rating on the stock.
NorthWestern Corporation (NYSE:NWE) last released its quarterly earnings data on Tuesday, July 25th. The utilities provider reported $0.47 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.15). The business had revenue of $283.86 million during the quarter, compared to analyst estimates of $302.42 million. NorthWestern Corporation had a return on equity of 9.31% and a net margin of 13.17%. The firm’s revenue was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.65 EPS.
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NWE has been the topic of a number of other reports. Zacks Investment Research raised shares of NorthWestern Corporation from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a report on Friday, July 7th. Credit Suisse Group cut shares of NorthWestern Corporation from a “neutral” rating to an “underperform” rating and cut their target price for the company from $62.00 to $60.00 in a report on Monday, July 24th. BidaskClub raised shares of NorthWestern Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 24th. 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 report on Monday, July 31st. Three analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. The company has an average rating of “Sell” and a consensus price target of $60.00.
Shares of NorthWestern Corporation (NYSE NWE) opened at 58.70 on Friday. NorthWestern Corporation has a 1-year low of $54.07 and a 1-year high of $63.86. The stock has a 50 day moving average of $58.51 and a 200-day moving average of $60.10. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 17.02 and a beta of 0.36.
Institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Arbitrage SA increased its stake in NorthWestern Corporation by 110.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 26,364 shares of the utilities provider’s stock valued at $1,609,000 after buying an additional 13,847 shares during the period. State Street Corp increased its stake in NorthWestern Corporation by 4.3% in the 1st quarter. State Street Corp now owns 1,681,545 shares of the utilities provider’s stock valued at $98,705,000 after buying an additional 69,473 shares during the period. Federated Investors Inc. PA increased its stake in NorthWestern Corporation by 6.5% in the 2nd quarter. Federated Investors Inc. PA now owns 130,224 shares of the utilities provider’s stock valued at $7,946,000 after buying an additional 7,926 shares during the period. Legal & General Group Plc increased its stake in NorthWestern Corporation by 9.1% in the 2nd quarter. Legal & General Group Plc now owns 185,983 shares of the utilities provider’s stock valued at $11,352,000 after buying an additional 15,472 shares during the period. Finally, Virginia Retirement Systems ET AL acquired a new position in NorthWestern Corporation in the 2nd quarter valued at $1,257,000. 98.33% of the stock is currently owned by institutional investors.
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 legal filing with the SEC, which is available through this link. Insiders own 1.33% of the company’s stock.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a $0.525 dividend. The ex-dividend date was Thursday, September 14th. This represents a $2.10 annualized dividend and a yield of 3.58%. NorthWestern Corporation’s dividend payout ratio is currently 60.34%.
About NorthWestern Corporation
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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