Barclays Lowers NorthWestern (NWE) to Underweight

NorthWestern (NYSE:NWE) was downgraded by Barclays from an “equal weight” rating to an “underweight” rating in a report released on Wednesday, The Fly reports.

NWE has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of NorthWestern from a “sell” rating to a “hold” rating in a research note on Wednesday, November 21st. Williams Capital restated a “sell” rating on shares of NorthWestern in a research note on Monday. Credit Suisse Group cut their target price on shares of NorthWestern from $60.00 to $56.00 and set an “underperform” rating for the company in a research note on Wednesday, February 13th. Bank of America restated an “underperform” rating and set a $55.00 target price on shares of NorthWestern in a research note on Thursday, March 14th. Finally, KeyCorp raised their target price on shares of NorthWestern from $66.00 to $67.00 and gave the stock an “overweight” rating in a research note on Monday, December 17th. Five investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $61.33.

Shares of NWE opened at $69.82 on Wednesday. NorthWestern has a one year low of $51.47 and a one year high of $71.02. The stock has a market capitalization of $3.54 billion, a PE ratio of 20.60, a PEG ratio of 6.76 and a beta of 0.34. The company has a quick ratio of 0.65, a current ratio of 0.80 and a debt-to-equity ratio of 1.09.

NorthWestern (NYSE:NWE) last posted its earnings results on Monday, February 11th. The utilities provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.11. The company had revenue of $308.82 million during the quarter. NorthWestern had a net margin of 16.52% and a return on equity of 9.80%. On average, research analysts forecast that NorthWestern will post 3.38 earnings per share for the current fiscal year.

In other NorthWestern news, Director Jan Robert Horsfall sold 2,300 shares of NorthWestern stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $67.34, for a total value of $154,882.00. Following the completion of the sale, the director now owns 3,905 shares in the company, valued at approximately $262,962.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Michael R. Cashell sold 1,656 shares of NorthWestern stock in a transaction dated Wednesday, February 27th. The stock was sold at an average price of $67.85, for a total transaction of $112,359.60. The disclosure for this sale can be found here. Insiders sold a total of 6,156 shares of company stock valued at $411,430 in the last quarter. Corporate insiders own 1.17% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Parallel Advisors LLC raised its stake in NorthWestern by 41.3% in the 4th quarter. Parallel Advisors LLC now owns 571 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 167 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in NorthWestern in the 4th quarter worth about $66,000. Honkamp Krueger Financial Services Inc. acquired a new stake in NorthWestern in the 3rd quarter worth about $124,000. Ffcm LLC raised its stake in NorthWestern by 130.8% in the 4th quarter. Ffcm LLC now owns 2,428 shares of the utilities provider’s stock worth $144,000 after purchasing an additional 1,376 shares in the last quarter. Finally, Resources Investment Advisors Inc. raised its stake in NorthWestern by 60.0% in the 4th quarter. Resources Investment Advisors Inc. now owns 2,634 shares of the utilities provider’s stock worth $157,000 after purchasing an additional 988 shares in the last quarter. Institutional investors and hedge funds own 96.50% of the company’s stock.

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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