Equities research analysts at Jefferies Financial Group initiated coverage on shares of NorthWestern (NASDAQ:NWE – Get Free Report) in a report issued on Thursday, Marketbeat reports. The firm set a “buy” rating and a $85.00 price target on the stock. Jefferies Financial Group’s price target points to a potential upside of 13.27% from the company’s current price.
A number of other analysts have also recently issued reports on NWE. Weiss Ratings upgraded NorthWestern from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Wells Fargo & Company increased their price target on shares of NorthWestern from $62.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. Barclays cut their price target on shares of NorthWestern from $73.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, October 6th. Finally, JPMorgan Chase & Co. decreased their price objective on NorthWestern from $76.00 to $73.00 and set a “neutral” rating on the stock in a report on Wednesday, September 9th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $73.92.
Get Our Latest Stock Analysis on NorthWestern
NorthWestern Stock Performance
Shares of NWE traded up $0.56 during mid-day trading on Thursday, hitting $75.05. The company’s stock had a trading volume of 32,362 shares, compared to its average volume of 508,067. NorthWestern has a one year low of $58.57 and a one year high of $76.68. The stock’s 50-day moving average is $70.46 and its two-hundred day moving average is $70.66. The firm has a market capitalization of $4.62 billion, a PE ratio of 27.14, a price-to-earnings-growth ratio of 3.89 and a beta of 0.30. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.58 and a current ratio of 0.83.
NorthWestern (NASDAQ:NWE – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.08. The firm had revenue of $392.60 million during the quarter, compared to the consensus estimate of $386.22 million. NorthWestern had a net margin of 10.13% and a return on equity of 8.03%. The business’s revenue was up 14.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.40 EPS. As a group, sell-side analysts anticipate that NorthWestern will post 3.71 EPS for the current year.
Institutional Investors Weigh In On NorthWestern
A number of hedge funds have recently made changes to their positions in NWE. GAMMA Investing LLC raised its stake in shares of NorthWestern by 4.8% in the second quarter. GAMMA Investing LLC now owns 3,981 shares of the company’s stock worth $285,000 after acquiring an additional 182 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in NorthWestern by 8.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,635 shares of the company’s stock worth $180,000 after purchasing an additional 199 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in NorthWestern by 2.4% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 12,610 shares of the company’s stock valued at $832,000 after purchasing an additional 300 shares during the period. State of Michigan Retirement System boosted its stake in shares of NorthWestern by 2.1% in the 1st quarter. State of Michigan Retirement System now owns 14,828 shares of the company’s stock valued at $978,000 after purchasing an additional 300 shares during the last quarter. Finally, Swiss National Bank grew its position in shares of NorthWestern by 0.3% during the 1st quarter. Swiss National Bank now owns 121,483 shares of the company’s stock worth $8,011,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.
About NorthWestern
NorthWestern Energy Group, Inc, doing business as NorthWestern Energy, is an energy utility that provides electricity and natural gas services to residential, commercial, and industrial customers. The company’s operations include the generation, purchase, transmission, and distribution of electricity, as well as the distribution and supply of natural gas.
NorthWestern Energy serves customers primarily in Montana, South Dakota, and Nebraska. Its electric generation portfolio includes a combination of company-owned facilities and purchased power from sources such as hydroelectric, coal, natural gas, and renewable energy.
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