NorthWestern Corp. (NWE) Upgraded by Williams Capital to “Buy”
Williams Capital upgraded shares of NorthWestern Corp. (NYSE:NWE) from a hold rating to a buy rating in a research report sent to investors on Monday morning. Williams Capital currently has $58.00 price objective on the stock.
Separately, Zacks Investment Research upgraded shares of NorthWestern Corp. from a sell rating to a hold rating in a research report on Tuesday, July 12th.
Shares of NorthWestern Corp. (NYSE:NWE) traded down 0.96% during trading on Monday, hitting $54.46. 26,384 shares of the stock were exchanged. The stock’s 50 day moving average price is $57.84 and its 200-day moving average price is $59.29. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 18.44 and a beta of 0.39. NorthWestern Corp. has a one year low of $51.27 and a one year high of $63.75.
NorthWestern Corp. (NYSE:NWE) last posted its quarterly earnings results on Friday, July 22nd. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.12. The firm had revenue of $293.10 million for the quarter, compared to analyst estimates of $320.68 million. NorthWestern Corp. had a net margin of 11.64% and a return on equity of 9.56%. NorthWestern Corp.’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.64 earnings per share. On average, analysts predict that NorthWestern Corp. will post $3.27 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $2.00 annualized dividend and a dividend yield of 3.64%. NorthWestern Corp.’s dividend payout ratio is currently 67.80%.
In other news, VP Curtis T. Pohl sold 2,650 shares of the company’s stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $60.48, for a total value of $160,272.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Robert C. Rowe sold 3,011 shares of the company’s stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $58.00, for a total transaction of $174,638.00. Following the completion of the transaction, the chief executive officer now owns 132,843 shares in the company, valued at $7,704,894. The disclosure for this sale can be found here. 1.34% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of NWE. Societe Generale bought a new position in shares of NorthWestern Corp. during the second quarter valued at approximately $104,000. LS Investment Advisors LLC increased its stake in shares of NorthWestern Corp. by 3.5% in the second quarter. LS Investment Advisors LLC now owns 1,698 shares of the company’s stock valued at $107,000 after buying an additional 58 shares during the last quarter. Assetmark Inc. increased its stake in shares of NorthWestern Corp. by 129.1% in the second quarter. Assetmark Inc. now owns 1,858 shares of the company’s stock valued at $117,000 after buying an additional 1,047 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of NorthWestern Corp. by 2.3% in the second quarter. Public Employees Retirement System of Ohio now owns 2,599 shares of the company’s stock valued at $164,000 after buying an additional 58 shares during the last quarter. Finally, BlackRock Japan Co. Ltd acquired a new stake in shares of NorthWestern Corp. during the first quarter valued at $167,000. Hedge funds and other institutional investors own 99.14% of the company’s stock.
NorthWestern Corp. Company Profile
NorthWestern Corporation, doing business as North-Western Energy, provides electricity and natural gas. The Company provides electricity and natural gas to over 701,000 customers in Montana, South Dakota and Nebraska. It generates and distributes electricity in South Dakota; distributes natural gas in South Dakota and Nebraska, and generates and distributes electricity and distributed natural gas in Montana.
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