NorthWestern Corporation (NYSE:NWE) – Analysts at Williams Capital raised their Q3 2017 earnings estimates for NorthWestern Corporation in a report released on Thursday. Williams Capital analyst C. Ellinghaus now anticipates that the utilities provider will earn $0.75 per share for the quarter, up from their prior forecast of $0.63. Williams Capital currently has a “Hold” rating and a $64.00 target price on the stock. Williams Capital also issued estimates for NorthWestern Corporation’s Q4 2017 earnings at $1.04 EPS and FY2017 earnings at $3.41 EPS.
Several other research analysts have also recently issued reports on the stock. BidaskClub raised shares of NorthWestern Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Credit Suisse Group cut shares of NorthWestern Corporation from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $62.00 to $60.00 in a report on Monday, July 24th. Finally, Zacks Investment Research raised shares of NorthWestern Corporation from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a report on Friday, July 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $63.00.
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Shares of NorthWestern Corporation (NYSE:NWE) opened at 58.54 on Friday. The stock’s 50 day moving average is $61.29 and its 200-day moving average is $59.41. The company has a market cap of $2.84 billion, a P/E ratio of 15.65 and a beta of 0.38. NorthWestern Corporation has a 12 month low of $53.85 and a 12 month high of $63.86.
NorthWestern Corporation (NYSE:NWE) last issued its quarterly earnings data on Tuesday, July 25th. The utilities provider reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by $0.15. NorthWestern Corporation had a net margin of 13.17% and a return on equity of 9.36%. The business had revenue of $283.86 million for the quarter, compared to the consensus estimate of $302.42 million. During the same period in the previous year, the firm earned $0.65 EPS. The company’s revenue was down 3.2% on a year-over-year basis.
A number of hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in NorthWestern Corporation by 25.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,983 shares of the utilities provider’s stock valued at $116,000 after buying an additional 397 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in NorthWestern Corporation during the second quarter valued at approximately $155,000. North Star Investment Management Corp. raised its stake in 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 valued at $201,000 after buying an additional 1,651 shares in the last quarter. Capstone Asset Management Co. raised its stake in NorthWestern Corporation by 8.2% in the first quarter. Capstone Asset Management Co. now owns 3,830 shares of the utilities provider’s stock valued at $225,000 after buying an additional 290 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in NorthWestern Corporation by 2.3% in the first quarter. Envestnet Asset Management Inc. now owns 3,956 shares of the utilities provider’s stock valued at $232,000 after buying an additional 88 shares in the last quarter. Institutional investors own 95.40% of the company’s stock.
In related news, 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 transaction of $441,574.28. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP John D. Hines sold 3,432 shares of the firm’s stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $59.83, for a total transaction of $205,336.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,171 shares of company stock worth $1,116,495. 1.33% of the stock is owned by company insiders.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.525 per share. The ex-dividend date is Thursday, September 14th. This represents a $2.10 annualized dividend and a yield of 3.59%. NorthWestern Corporation’s dividend payout ratio is presently 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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