NorthWestern Corporation (NYSE:NWE) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Sunday, July 30th.
NWE has been the topic of a number of other research reports. Zacks Investment Research cut shares of NorthWestern Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Williams Capital raised their price objective on shares of NorthWestern Corporation from $58.00 to $61.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Finally, Credit Suisse Group cut shares of NorthWestern Corporation from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $62.00 to $60.00 in a research note on Monday, July 24th. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The company currently has a consensus rating of “Sell” and a consensus target price of $60.00.
NorthWestern Corporation (NYSE NWE) traded down 0.69% during trading on Friday, hitting $60.18. 286,670 shares of the company were exchanged. The firm’s 50 day moving average price is $60.32 and its 200-day moving average price is $59.60. NorthWestern Corporation has a 1-year low of $53.85 and a 1-year high of $63.86. The stock has a market capitalization of $2.92 billion, a PE ratio of 17.45 and a beta of 0.36.
NorthWestern Corporation (NYSE:NWE) last issued its quarterly earnings data on Tuesday, July 25th. The utilities provider reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by $0.15. The firm had revenue of $283.86 million for the quarter, compared to analyst estimates of $302.42 million. NorthWestern Corporation had a return on equity of 9.31% and a net margin of 13.17%. NorthWestern Corporation’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.65 EPS. Equities analysts predict that NorthWestern Corporation will post $3.39 EPS for the current year.
TRADEMARK VIOLATION WARNING: “NorthWestern Corporation (NWE) Downgraded to “Sell” at BidaskClub” was published by Stock Observer and is owned by of Stock Observer. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://www.thestockobserver.com/2017/08/12/northwestern-corporation-nwe-rating-lowered-to-sell-at-bidaskclub-updated.html.
In other NorthWestern Corporation news, VP Patrick R. Corcoran sold 7,487 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $62.72, for a total value of $469,584.64. Following the transaction, the vice president now owns 13,259 shares in the company, valued at approximately $831,604.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert C. Rowe sold 7,252 shares of the firm’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $60.89, for a total value of $441,574.28. The disclosure for this sale can be found here. Company insiders own 1.33% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of NorthWestern Corporation by 25.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,983 shares of the utilities provider’s stock worth $116,000 after buying an additional 397 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of NorthWestern Corporation during the second quarter worth about $155,000. Riverhead Capital Management LLC increased its stake in shares of NorthWestern Corporation by 62.8% in the second quarter. Riverhead Capital Management LLC now owns 2,931 shares of the utilities provider’s stock worth $179,000 after buying an additional 1,131 shares during the period. North Star Investment Management Corp. increased its stake in shares of NorthWestern Corporation by 100.4% in the second quarter. North Star Investment Management Corp. now owns 3,295 shares of the utilities provider’s stock worth $201,000 after buying an additional 1,651 shares during the period. Finally, Stevens Capital Management LP bought a new stake in shares of NorthWestern Corporation during the second quarter worth about $201,000. 94.33% of the stock is owned by institutional investors and hedge funds.
NorthWestern Corporation Company Profile
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.
Receive News & Ratings for NorthWestern Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NorthWestern Corporation and related companies with MarketBeat.com's FREE daily email newsletter.