Shares of NorthWestern Corp (NYSE:NWE) have been assigned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $60.20.
A number of research firms have weighed in on NWE. Zacks Investment Research upgraded NorthWestern from a “sell” rating to a “hold” rating in a research note on Wednesday, November 21st. Credit Suisse Group reduced their price objective on NorthWestern from $60.00 to $56.00 and set an “underperform” rating for the company in a research note on Wednesday, February 13th. Barclays set a $62.00 price objective on NorthWestern and gave the company a “hold” rating in a research note on Saturday, November 17th. Bank of America reiterated an “underperform” rating and set a $55.00 price objective on shares of NorthWestern in a research note on Thursday. Finally, KeyCorp lifted their price objective on NorthWestern from $66.00 to $67.00 and gave the company an “overweight” rating in a research note on Monday, December 17th.
In other news, VP Curtis T. Pohl sold 2,200 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $65.54, for a total transaction of $144,188.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jan Robert Horsfall sold 2,300 shares of the firm’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $67.34, for a total value of $154,882.00. Following the sale, the director now owns 3,905 shares in the company, valued at $262,962.70. The disclosure for this sale can be found here. Insiders have sold a total of 6,156 shares of company stock valued at $411,430 in the last quarter. Company insiders own 1.17% of the company’s stock.
Large investors have recently bought and sold shares of the company. Parallel Advisors LLC grew its position in shares of NorthWestern by 41.3% during the 4th quarter. Parallel Advisors LLC now owns 571 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 167 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in shares of NorthWestern during the 4th quarter valued at about $66,000. Honkamp Krueger Financial Services Inc. acquired a new stake in shares of NorthWestern during the 3rd quarter valued at about $124,000. Ffcm LLC grew its position in shares of NorthWestern by 130.8% during the 4th quarter. Ffcm LLC now owns 2,428 shares of the utilities provider’s stock valued at $144,000 after acquiring an additional 1,376 shares during the period. Finally, Resources Investment Advisors Inc. grew its position in shares of NorthWestern by 60.0% during the 4th quarter. Resources Investment Advisors Inc. now owns 2,634 shares of the utilities provider’s stock valued at $157,000 after acquiring an additional 988 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.
NWE stock traded up $0.51 during midday trading on Friday, reaching $70.74. The stock had a trading volume of 913,053 shares, compared to its average volume of 314,790. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of 20.87, a price-to-earnings-growth ratio of 6.81 and a beta of 0.34. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.80 and a quick ratio of 0.65. NorthWestern has a 52-week low of $51.27 and a 52-week high of $71.02.
NorthWestern (NYSE:NWE) last issued its earnings results on Monday, February 11th. The utilities provider reported $1.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.11. The company had revenue of $308.82 million during the quarter. NorthWestern had a return on equity of 9.80% and a net margin of 16.52%. As a group, equities research analysts expect that NorthWestern will post 3.38 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.575 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 3.25%. This is a positive change from NorthWestern’s previous quarterly dividend of $0.55. NorthWestern’s dividend payout ratio (DPR) is presently 64.90%.
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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