NorthWestern (NYSE:NWE) received a $55.00 price objective from investment analysts at Wells Fargo & Co in a research report issued to clients and investors on Wednesday. The brokerage presently has a “hold” rating on the utilities provider’s stock. Wells Fargo & Co’s price objective points to a potential upside of 6.86% from the company’s previous close.
Several other equities analysts have also recently weighed in on NWE. KeyCorp reiterated a “hold” rating on shares of NorthWestern in a research note on Friday, October 20th. Zacks Investment Research upgraded shares of NorthWestern from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Bank of America began coverage on shares of NorthWestern in a research note on Tuesday, October 24th. They issued an “underperform” rating and a $54.00 price objective on the stock. Finally, Credit Suisse Group lowered their price objective on shares of NorthWestern from $60.00 to $58.00 and set an “underperform” rating on the stock in a research note on Friday, November 10th. Four investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock presently has a consensus rating of “Sell” and an average target price of $57.40.
Shares of NorthWestern (NYSE:NWE) traded up $0.55 during trading hours on Wednesday, hitting $51.47. 219,285 shares of the stock traded hands, compared to its average volume of 432,939. NorthWestern has a 52-week low of $50.01 and a 52-week high of $64.47. The company has a quick ratio of 0.33, a current ratio of 0.42 and a debt-to-equity ratio of 1.05. The company has a market cap of $2,559.76, a PE ratio of 15.25, a PEG ratio of 8.67 and a beta of 0.22.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NWE. New York State Common Retirement Fund raised its stake in NorthWestern by 1.9% during the 2nd quarter. New York State Common Retirement Fund now owns 53,000 shares of the utilities provider’s stock worth $3,234,000 after acquiring an additional 999 shares during the period. Stifel Financial Corp raised its stake in NorthWestern by 4.5% during the 2nd quarter. Stifel Financial Corp now owns 8,166 shares of the utilities provider’s stock worth $497,000 after acquiring an additional 350 shares during the period. Shelton Capital Management bought a new stake in NorthWestern during the 2nd quarter worth approximately $222,000. State Street Corp raised its stake in NorthWestern by 7.0% during the 2nd quarter. State Street Corp now owns 1,799,646 shares of the utilities provider’s stock worth $109,811,000 after acquiring an additional 118,101 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in NorthWestern by 0.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 107,149 shares of the utilities provider’s stock worth $6,538,000 after acquiring an additional 806 shares during the period. Institutional investors own 94.96% of the company’s stock.
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NorthWestern 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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