NorthWestern Corporation (NWE) Given Average Rating of “Sell” by Analysts

Shares of NorthWestern Corporation (NYSE:NWE) have been given a consensus rating of “Sell” by the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $54.67.

A number of research analysts have weighed in on the company. Zacks Investment Research raised NorthWestern from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. KeyCorp reissued a “hold” rating on shares of NorthWestern in a report on Friday, October 20th. Bank of America began coverage on NorthWestern in a report on Tuesday, October 24th. They set an “underperform” rating and a $54.00 price objective for the company. Finally, Credit Suisse Group cut their price objective on NorthWestern from $60.00 to $58.00 and set an “underperform” rating for the company in a report on Friday, November 10th.

In other NorthWestern news, CEO Robert C. Rowe sold 3,626 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $64.25, for a total value of $232,970.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.33% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio grew its stake in shares of NorthWestern by 18.1% in the third quarter. Public Employees Retirement System of Ohio now owns 56,939 shares of the utilities provider’s stock worth $3,242,000 after acquiring an additional 8,743 shares during the last quarter. California Public Employees Retirement System grew its stake in shares of NorthWestern by 7.3% in the third quarter. California Public Employees Retirement System now owns 109,358 shares of the utilities provider’s stock worth $6,227,000 after acquiring an additional 7,458 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of NorthWestern by 34.9% in the third quarter. Janus Henderson Group PLC now owns 811,575 shares of the utilities provider’s stock worth $46,211,000 after acquiring an additional 209,765 shares during the last quarter. Magnetar Financial LLC purchased a new stake in shares of NorthWestern in the third quarter worth $858,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of NorthWestern by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 987,924 shares of the utilities provider’s stock worth $56,253,000 after acquiring an additional 7,630 shares during the last quarter. 93.68% of the stock is currently owned by institutional investors.

Shares of NorthWestern (NYSE:NWE) opened at $62.12 on Wednesday. NorthWestern has a 52 week low of $55.65 and a 52 week high of $64.47. The company has a market capitalization of $3,075.06, a price-to-earnings ratio of 19.12, a PEG ratio of 12.16 and a beta of 0.37. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.33 and a current ratio of 0.42.

NorthWestern (NYSE:NWE) last announced its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.01). NorthWestern had a return on equity of 9.41% and a net margin of 12.44%. The firm had revenue of $309.90 million during the quarter, compared to analysts’ expectations of $305.60 million. During the same period last year, the business posted $0.68 EPS. The company’s revenue was up 3.0% compared to the same quarter last year. research analysts predict that NorthWestern will post 3.39 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a $0.525 dividend. The ex-dividend date is Thursday, December 14th. This represents a $2.10 dividend on an annualized basis and a yield of 3.38%. NorthWestern’s payout ratio is 63.44%.

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About NorthWestern

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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