Brokerages Set NorthWestern Corp (NWE) PT at $59.67

NorthWestern Corp (NYSE:NWE) has been assigned a consensus rating of “Hold” from the six ratings firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $59.67.

A number of brokerages have weighed in on NWE. Zacks Investment Research downgraded shares of NorthWestern from a “hold” rating to a “sell” rating in a research note on Tuesday. Barclays set a $62.00 price target on shares of NorthWestern and gave the company a “hold” rating in a research report on Saturday, November 17th. ValuEngine raised shares of NorthWestern from a “hold” rating to a “buy” rating in a research report on Tuesday, November 13th. Finally, Credit Suisse Group raised their price target on shares of NorthWestern from $55.00 to $56.00 and gave the company an “underperform” rating in a research report on Monday, October 1st.

In related news, VP H. Grahame Heather sold 1,900 shares of the firm’s stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $64.15, for a total transaction of $121,885.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jan Robert Horsfall sold 900 shares of the firm’s stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $60.95, for a total transaction of $54,855.00. Following the sale, the director now directly owns 4,255 shares of the company’s stock, valued at approximately $259,342.25. The disclosure for this sale can be found here. 1.40% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the stock. Honkamp Krueger Financial Services Inc. purchased a new stake in NorthWestern in the third quarter worth approximately $124,000. Steward Partners Investment Advisory LLC purchased a new stake in NorthWestern in the second quarter worth approximately $132,000. Tower Research Capital LLC TRC boosted its holdings in NorthWestern by 344.4% in the third quarter. Tower Research Capital LLC TRC now owns 3,053 shares of the utilities provider’s stock worth $179,000 after purchasing an additional 2,366 shares during the last quarter. Redpoint Investment Management Pty Ltd purchased a new stake in NorthWestern in the third quarter worth approximately $210,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in NorthWestern in the second quarter worth approximately $235,000. Institutional investors own 97.76% of the company’s stock.

Shares of NYSE NWE opened at $63.96 on Wednesday. NorthWestern has a fifty-two week low of $50.01 and a fifty-two week high of $64.76. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 19.38, a price-to-earnings-growth ratio of 8.25 and a beta of 0.08. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.07.

NorthWestern (NYSE:NWE) last announced its earnings results on Tuesday, October 23rd. The utilities provider reported $0.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.14). NorthWestern had a net margin of 14.53% and a return on equity of 9.64%. The business had revenue of $279.87 million for the quarter, compared to the consensus estimate of $312.21 million. During the same period in the prior year, the business posted $0.74 EPS. NorthWestern’s revenue for the quarter was down 9.7% on a year-over-year basis. On average, sell-side analysts anticipate that NorthWestern will post 3.4 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 3.44%. The ex-dividend date is Thursday, December 13th. NorthWestern’s dividend payout ratio (DPR) is currently 66.67%.

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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