NorthWestern (NASDAQ:NWE) Trading Down 2.2% – Time to Sell?

Shares of NorthWestern Corporation (NASDAQ:NWE) traded down 2.2% on Friday . The company traded as low as $62.48 and last traded at $62.82. 1,552,898 shares changed hands during trading, an increase of 159% from the average session volume of 600,636 shares. The stock had previously closed at $64.24.

Analyst Ratings Changes

Several research firms recently issued reports on NWE. Weiss Ratings reiterated a “buy (b)” rating on shares of NorthWestern in a report on Monday. Wells Fargo & Company upgraded shares of NorthWestern to a “hold” rating in a research report on Tuesday, October 28th. Finally, Barclays raised shares of NorthWestern to a “strong-buy” rating in a research note on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, NorthWestern presently has an average rating of “Moderate Buy” and an average price target of $56.00.

NorthWestern Stock Performance

The stock has a market cap of $3.86 billion, a P/E ratio of 17.80, a PEG ratio of 2.61 and a beta of 0.35. The stock has a fifty day simple moving average of $64.10 and a 200-day simple moving average of $57.97. The company has a quick ratio of 0.45, a current ratio of 0.65 and a debt-to-equity ratio of 1.06.

NorthWestern (NASDAQ:NWE) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.04. The company had revenue of $386.95 million during the quarter, compared to analysts’ expectations of $380.96 million. NorthWestern had a return on equity of 7.56% and a net margin of 13.82%.

About NorthWestern

NorthWestern Corporation (NASDAQ: NWE) is a regulated energy company that delivers electricity and natural gas to residential, commercial and industrial customers. Through its Electric Operations and Gas Operations segments, the company operates an extensive network of distribution lines, substations and pipelines. NorthWestern’s services encompass the delivery of power sourced from regional transmission systems and the procurement, storage and distribution of natural gas to end users.

Electric delivery services include the management of distribution infrastructure, customer metering and system reliability programs.