JPMorgan Chase & Co. Raises NorthWestern Energy Group (NYSE:NWE) Price Target to $61.00

NorthWestern Energy Group (NYSE:NWE) had its target price upped by analysts at JPMorgan Chase & Co. from $60.00 to $61.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 10.08% from the stock’s current price.

Several other research firms also recently weighed in on NWE. Wells Fargo & Company began coverage on shares of NorthWestern Energy Group in a report on Monday, October 27th. They issued an “equal weight” rating and a $58.00 price objective for the company. Barclays boosted their price target on shares of NorthWestern Energy Group from $56.00 to $61.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 21st. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, NorthWestern Energy Group presently has an average rating of “Hold” and an average target price of $59.20.

NorthWestern Energy Group Stock Performance

Shares of NYSE NWE opened at $67.84 on Friday. NorthWestern Energy Group has a 12-month low of $50.43 and a 12-month high of $69.23. The company has a market cap of $4.17 billion, a PE ratio of 18.59, a P/E/G ratio of 2.40 and a beta of 0.35. The stock has a 50 day simple moving average of $63.44 and a 200-day simple moving average of $57.64. The company has a current ratio of 0.52, a quick ratio of 0.37 and a debt-to-equity ratio of 0.94.

NorthWestern Energy Group (NYSE:NWE) last posted its earnings results on Thursday, October 30th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.75 by $0.04. NorthWestern Energy Group had a return on equity of 7.40% and a net margin of 14.81%.During the same period in the previous year, the company posted $0.65 EPS. The company’s revenue was up 12.1% compared to the same quarter last year. On average, equities research analysts forecast that NorthWestern Energy Group will post 3.63 EPS for the current year.

Institutional Trading of NorthWestern Energy Group

A number of hedge funds and other institutional investors have recently made changes to their positions in NWE. American Century Companies Inc. increased its holdings in shares of NorthWestern Energy Group by 0.6% in the third quarter. American Century Companies Inc. now owns 2,968,816 shares of the company’s stock valued at $174,002,000 after buying an additional 16,602 shares in the last quarter. State Street Corp grew its holdings in shares of NorthWestern Energy Group by 0.5% in the 2nd quarter. State Street Corp now owns 2,594,485 shares of the company’s stock worth $133,097,000 after acquiring an additional 12,530 shares during the last quarter. Geode Capital Management LLC raised its position in shares of NorthWestern Energy Group by 0.5% during the second quarter. Geode Capital Management LLC now owns 1,577,465 shares of the company’s stock worth $80,938,000 after purchasing an additional 7,684 shares during the period. Franklin Resources Inc. raised its position in shares of NorthWestern Energy Group by 0.3% during the third quarter. Franklin Resources Inc. now owns 1,338,278 shares of the company’s stock worth $78,436,000 after purchasing an additional 4,261 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of NorthWestern Energy Group by 65.6% during the second quarter. Bank of America Corp DE now owns 1,222,376 shares of the company’s stock valued at $62,708,000 after purchasing an additional 484,266 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors.

NorthWestern Energy Group Company Profile

NorthWestern Energy Group, Inc provides electricity and natural gas to residential, commercial, and various industrial customers. It generates, purchases, transmits, and distributes electricity; and produces, purchases, stores, transmits, and distributes natural gas, as well as owns municipal franchises to provide natural gas service in the communities.