NorthWestern Co. (NYSE:NWE) has been assigned a consensus recommendation of “Sell” from the seven research firms that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $54.75.
Several analysts recently weighed in on NWE shares. Wells Fargo set a $55.00 target price on shares of NorthWestern and gave the company a “hold” rating in a report on Wednesday, February 14th. Zacks Investment Research upgraded shares of NorthWestern from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Tuesday, March 27th.
In other NorthWestern news, VP Patrick R. Corcoran sold 5,100 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $50.97, for a total value of $259,947.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael R. Cashell sold 1,000 shares of the business’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $50.95, for a total transaction of $50,950.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,900 shares of company stock valued at $414,181. Insiders own 1.40% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. MetLife Investment Advisors LLC acquired a new position in shares of NorthWestern during the fourth quarter worth $5,042,000. Magellan Asset Management Ltd lifted its position in NorthWestern by 6.0% in the fourth quarter. Magellan Asset Management Ltd now owns 33,853 shares of the utilities provider’s stock valued at $2,021,000 after acquiring an additional 1,910 shares during the last quarter. Macquarie Group Ltd. lifted its position in NorthWestern by 9.8% in the fourth quarter. Macquarie Group Ltd. now owns 968,078 shares of the utilities provider’s stock valued at $57,159,000 after acquiring an additional 86,652 shares during the last quarter. Vident Investment Advisory LLC purchased a new stake in NorthWestern in the fourth quarter valued at $289,000. Finally, Jane Street Group LLC purchased a new stake in NorthWestern in the fourth quarter valued at $550,000. Hedge funds and other institutional investors own 94.06% of the company’s stock.
NorthWestern stock traded down $0.05 during trading on Tuesday, hitting $53.85. The company had a trading volume of 300,778 shares, compared to its average volume of 398,618. NorthWestern has a 1-year low of $50.01 and a 1-year high of $64.47. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.39 and a current ratio of 0.47. The company has a market capitalization of $2,660.03, a PE ratio of 16.32, a price-to-earnings-growth ratio of 6.63 and a beta of 0.23.
NorthWestern (NYSE:NWE) last posted its earnings results on Monday, February 12th. The utilities provider reported $0.98 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.02 by ($0.04). NorthWestern had a net margin of 12.46% and a return on equity of 9.33%. The company had revenue of $344.55 million during the quarter. equities research analysts forecast that NorthWestern will post 3.42 earnings per share for the current year.
The firm also recently declared a dividend, which was paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th were paid a $0.55 dividend. The ex-dividend date of this dividend was Wednesday, March 14th. NorthWestern’s dividend payout ratio (DPR) is 66.67%.
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NorthWestern Company Profile
NorthWestern Corporation, doing business as NorthWestern Energy, provides electricity and natural gas to residential, commercial, and industrial customers. The company operates through Electric Operations and Natural Gas Operations segments. It generates, transmits, and distributes electricity; and produces, stores, transmits, and distributes natural gas, as well as owns municipal franchises to provide natural gas service in the communities.
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