Stock analysts at Jefferies Financial Group began coverage on shares of NorthWestern (NASDAQ:NWE – Get Free Report) in a research report issued on Thursday, Marketbeat reports. The brokerage set a “buy” rating and a $85.00 price target on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 13.27% from the company’s current price.
Other equities analysts also recently issued reports about the stock. Wells Fargo & Company increased their price objective on shares of NorthWestern from $62.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Weiss Ratings raised shares of NorthWestern from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Barclays lowered their target price on shares of NorthWestern from $73.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, October 6th. Finally, JPMorgan Chase & Co. dropped their price target on shares of NorthWestern from $76.00 to $73.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 9th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, NorthWestern has an average rating of “Moderate Buy” and an average target price of $73.92.
Check Out Our Latest Stock Report on NorthWestern
NorthWestern Stock Up 0.7%
NorthWestern (NASDAQ:NWE – Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.08. The firm had revenue of $392.60 million during the quarter, compared to analyst estimates of $386.22 million. NorthWestern had a net margin of 10.13% and a return on equity of 8.03%. The company’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.40 EPS. Equities analysts anticipate that NorthWestern will post 3.71 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in NWE. Caitong International Asset Management Co. Ltd increased its holdings in shares of NorthWestern by 129.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,066 shares of the company’s stock worth $69,000 after acquiring an additional 601 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in NorthWestern by 418.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,280 shares of the company’s stock valued at $83,000 after purchasing an additional 1,033 shares during the last quarter. Compass Financial Management LLC acquired a new stake in NorthWestern during the 2nd quarter valued at $137,000. EverSource Wealth Advisors LLC lifted its holdings in NorthWestern by 20.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,646 shares of the company’s stock valued at $174,000 after purchasing an additional 458 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in NorthWestern by 8.2% during the third 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 period. 96.07% of the stock is currently owned by institutional investors.
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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