Brokers Offer Predictions for NorthWestern Corporation’s Q3 2017 Earnings (NWE)
NorthWestern Corporation (NYSE:NWE) – Investment analysts at KeyCorp issued their Q3 2017 earnings per share (EPS) estimates for shares of NorthWestern Corporation in a report issued on Wednesday. KeyCorp analyst P. Ridzon expects that the utilities provider will post earnings per share of $0.76 for the quarter. KeyCorp has a “Hold” rating on the stock.
NorthWestern Corporation (NYSE:NWE) last issued its earnings results on Tuesday, July 25th. The utilities provider reported $0.47 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.15). The firm had revenue of $283.86 million during the quarter, compared to analysts’ expectations of $302.42 million. NorthWestern Corporation had a net margin of 13.17% and a return on equity of 9.31%. The firm’s revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.65 EPS. TRADEMARK VIOLATION NOTICE: This article was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another domain, it was illegally stolen and reposted in violation of international copyright law. The original version of this article can be read at https://www.thecerbatgem.com/2017/10/20/brokers-offer-predictions-for-northwestern-corporations-q3-2017-earnings-nwe.html.
NWE has been the topic of several other research reports. Zacks Investment Research raised shares of NorthWestern Corporation from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Friday, July 7th. Credit Suisse Group cut shares of NorthWestern Corporation from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $62.00 to $60.00 in a research note on Monday, July 24th. Williams Capital raised their price objective on shares of NorthWestern Corporation from $61.00 to $64.00 and gave the company a “hold” rating in a research report on Wednesday, July 5th. Finally, BidaskClub lowered shares of NorthWestern Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Three analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $60.00.
Shares of NorthWestern Corporation (NYSE NWE) opened at 58.75 on Friday. The stock has a market cap of $2.85 billion, a P/E ratio of 17.03 and a beta of 0.36. The company’s 50-day moving average is $58.56 and its 200-day moving average is $60.10. NorthWestern Corporation has a 12-month low of $54.07 and a 12-month high of $63.86.
Several hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio boosted its holdings in shares of NorthWestern Corporation by 34.6% during the second quarter. Public Employees Retirement System of Ohio now owns 48,196 shares of the utilities provider’s stock worth $2,941,000 after purchasing an additional 12,384 shares during the period. Verition Fund Management LLC acquired a new stake in shares of NorthWestern Corporation during the second quarter worth approximately $2,197,000. Dean Capital Management boosted its holdings in shares of NorthWestern Corporation by 92.7% during the second quarter. Dean Capital Management now owns 76,540 shares of the utilities provider’s stock worth $4,671,000 after purchasing an additional 36,825 shares during the period. Sterling Capital Management LLC boosted its holdings in shares of NorthWestern Corporation by 43.3% during the second quarter. Sterling Capital Management LLC now owns 16,106 shares of the utilities provider’s stock worth $983,000 after purchasing an additional 4,864 shares during the period. Finally, Westwood Holdings Group Inc. boosted its holdings in shares of NorthWestern Corporation by 3.5% during the second quarter. Westwood Holdings Group Inc. now owns 1,063,451 shares of the utilities provider’s stock worth $64,872,000 after purchasing an additional 36,397 shares during the period. Institutional investors and hedge funds own 98.33% of the company’s stock.
In other NorthWestern Corporation news, CEO Robert C. Rowe sold 3,626 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $60.43, for a total value of $219,119.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.33% of the company’s stock.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 3.57%. The ex-dividend date was Thursday, September 14th. NorthWestern Corporation’s payout ratio is 60.34%.
About NorthWestern Corporation
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.
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