Q1 2018 Earnings Estimate for NorthWestern Corporation Issued By Williams Capital (NYSE:NWE)

NorthWestern Corporation (NYSE:NWE) – Equities research analysts at Williams Capital decreased their Q1 2018 EPS estimates for NorthWestern Corporation in a research report issued on Thursday. Williams Capital analyst C. Ellinghaus now expects that the utilities provider will earn $1.18 per share for the quarter, down from their prior estimate of $1.21. Williams Capital currently has a “Sell” rating and a $52.00 target price on the stock. Williams Capital also issued estimates for NorthWestern Corporation’s Q2 2018 earnings at $0.49 EPS, Q3 2018 earnings at $0.76 EPS, FY2018 earnings at $3.50 EPS and FY2019 earnings at $3.60 EPS.

NorthWestern Corporation (NYSE:NWE) last issued its quarterly earnings results on Tuesday, July 25th. The utilities provider reported $0.47 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by $0.15. The firm had revenue of $283.86 million during the quarter, compared to analyst estimates of $302.42 million. NorthWestern Corporation had a return on equity of 9.31% and a net margin of 13.17%. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.65 EPS.

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A number of other research firms have also weighed in on NWE. BidaskClub raised NorthWestern Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Zacks Investment Research lowered NorthWestern Corporation from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. Finally, Credit Suisse Group lowered NorthWestern Corporation from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $62.00 to $60.00 in a research note on Monday, July 24th. Three research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The stock currently has a consensus rating of “Sell” and a consensus target price of $60.00.

NorthWestern Corporation (NYSE:NWE) traded up 1.47% during mid-day trading on Monday, hitting $58.64. 873,111 shares of the stock traded hands. NorthWestern Corporation has a 1-year low of $53.85 and a 1-year high of $63.86. The company has a 50-day moving average of $61.05 and a 200 day moving average of $59.46. The firm has a market capitalization of $2.84 billion, a P/E ratio of 17.00 and a beta of 0.38.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend is Thursday, September 14th. NorthWestern Corporation’s payout ratio is 60.34%.

In related news, VP Patrick R. Corcoran sold 7,487 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $62.72, for a total value of $469,584.64. Following the completion of the sale, the vice president now owns 13,259 shares of the company’s stock, valued at $831,604.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John D. Hines sold 3,432 shares of the firm’s stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $59.83, for a total value of $205,336.56. The disclosure for this sale can be found here. Insiders sold 18,171 shares of company stock valued at $1,116,495 in the last ninety days. 1.33% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of NorthWestern Corporation by 25.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,983 shares of the utilities provider’s stock worth $116,000 after buying an additional 397 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of NorthWestern Corporation during the second quarter worth approximately $155,000. North Star Investment Management Corp. raised its stake in shares of NorthWestern Corporation by 100.4% in the second quarter. North Star Investment Management Corp. now owns 3,295 shares of the utilities provider’s stock worth $201,000 after buying an additional 1,651 shares during the last quarter. Capstone Asset Management Co. raised its stake in shares of NorthWestern Corporation by 8.2% in the first quarter. Capstone Asset Management Co. now owns 3,830 shares of the utilities provider’s stock worth $225,000 after buying an additional 290 shares during the last quarter. Finally, LS Investment Advisors LLC raised its stake in shares of NorthWestern Corporation by 19.8% in the second quarter. LS Investment Advisors LLC now owns 3,837 shares of the utilities provider’s stock worth $234,000 after buying an additional 633 shares during the last quarter. 94.61% of the stock is owned by institutional investors.

NorthWestern Corporation 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.

Earnings History and Estimates for NorthWestern Corporation (NYSE:NWE)

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