NorthWestern Energy Group (NYSE:NWE) Given New $61.00 Price Target at Wells Fargo & Company

NorthWestern Energy Group (NYSE:NWE) had its target price boosted by stock analysts at Wells Fargo & Company from $58.00 to $61.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential upside of 7.85% from the company’s current price.

A number of other research firms also recently weighed in on NWE. StockNews.com downgraded NorthWestern Energy Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Barclays boosted their price objective on shares of NorthWestern Energy Group from $50.00 to $53.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 6th. Bank of America assumed coverage on shares of NorthWestern Energy Group in a research note on Thursday, September 12th. They set a “buy” rating and a $65.00 target price for the company. Finally, Mizuho boosted their price target on NorthWestern Energy Group from $52.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $55.75.

NorthWestern Energy Group Price Performance

NYSE:NWE traded up $0.17 during mid-day trading on Wednesday, hitting $56.56. 80,066 shares of the stock traded hands, compared to its average volume of 328,076. The business’s 50-day moving average price is $54.78 and its 200 day moving average price is $52.22. The company has a quick ratio of 0.36, a current ratio of 0.52 and a debt-to-equity ratio of 0.92. NorthWestern Energy Group has a 12-month low of $46.15 and a 12-month high of $57.48. The company has a market cap of $3.47 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 2.51 and a beta of 0.46.

NorthWestern Energy Group (NYSE:NWE) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.05. NorthWestern Energy Group had a return on equity of 7.65% and a net margin of 14.21%. The company had revenue of $319.90 million for the quarter, compared to the consensus estimate of $310.40 million. During the same quarter last year, the business posted $0.35 earnings per share. The firm’s revenue was up 10.1% compared to the same quarter last year. On average, analysts expect that NorthWestern Energy Group will post 3.54 EPS for the current fiscal year.

Insider Activity

In related news, Director Britt E. Ide sold 688 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $51.92, for a total transaction of $35,720.96. Following the completion of the sale, the director now owns 10,778 shares in the company, valued at approximately $559,593.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.94% of the company’s stock.

Hedge Funds Weigh In On NorthWestern Energy Group

Several institutional investors have recently bought and sold shares of NWE. Fidelis Capital Partners LLC bought a new position in shares of NorthWestern Energy Group during the 1st quarter valued at about $28,000. Mitsubishi UFJ Trust & Banking Corp bought a new stake in NorthWestern Energy Group in the 1st quarter worth approximately $28,000. EntryPoint Capital LLC purchased a new stake in shares of NorthWestern Energy Group during the 1st quarter worth approximately $33,000. CWM LLC boosted its position in shares of NorthWestern Energy Group by 140.2% during the 2nd quarter. CWM LLC now owns 992 shares of the company’s stock valued at $50,000 after acquiring an additional 579 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of NorthWestern Energy Group by 142.9% in the second quarter. GAMMA Investing LLC now owns 1,139 shares of the company’s stock valued at $57,000 after purchasing an additional 670 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

NorthWestern Energy Group Company Profile

NorthWestern Energy Group, Inc provides electricity and natural gas to residential, commercial, and various industrial customers. It generates, purchases, transmits, and distributes electricity; and produces, purchases, stores, transmits, and distributes natural gas, as well as owns municipal franchises to provide natural gas service in the communities.