Wells Fargo & Company cut shares of NorthWestern (NASDAQ:NWE – Free Report) from an equal weight rating to a strong sell rating in a research report report published on Tuesday morning, MarketBeat Ratings reports. Wells Fargo & Company currently has $53.00 target price on the stock.
NWE has been the topic of a number of other reports. Weiss Ratings reiterated a “buy (b)” rating on shares of NorthWestern in a research note on Monday, December 29th. Barclays upgraded NorthWestern to a “strong-buy” rating in a research report on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $54.50.
Check Out Our Latest Stock Report on NorthWestern
NorthWestern Stock Performance
NorthWestern (NASDAQ:NWE – Get Free Report) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.04. NorthWestern had a net margin of 13.82% and a return on equity of 7.56%. The business had revenue of $386.95 million during the quarter, compared to analyst estimates of $380.96 million.
NorthWestern Company Profile
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.
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