NorthWestern Corporation (NYSE:NWE) – Analysts at Williams Capital issued their FY2019 earnings per share estimates for shares of NorthWestern Corporation in a report issued on Monday. Williams Capital analyst C. Ellinghaus expects that the utilities provider will post earnings of $3.68 per share for the year. Williams Capital has a “Hold” rating and a $64.00 price objective on the stock.
NorthWestern Corporation (NYSE:NWE) last posted its quarterly earnings data on Tuesday, July 25th. The utilities provider reported $0.47 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by $0.15. NorthWestern Corporation had a net margin of 13.17% and a return on equity of 9.36%. The company had revenue of $283.86 million for the quarter, compared to analyst estimates of $302.42 million. During the same quarter in the prior year, the business earned $0.65 EPS. NorthWestern Corporation’s revenue was down 3.2% compared to the same quarter last year.
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A number of other equities analysts have also issued reports on NWE. BidaskClub upgraded shares of NorthWestern Corporation from a “sell” rating to a “hold” rating in a research report on Monday. Zacks Investment Research upgraded 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 report on Friday, July 7th. Finally, Credit Suisse Group lowered 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 research report on Monday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $63.00.
NorthWestern Corporation (NYSE:NWE) traded down 0.91% on Wednesday, hitting $58.54. 609,027 shares of the company were exchanged. NorthWestern Corporation has a one year low of $53.85 and a one year high of $63.86. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 15.65 and a beta of 0.38. The stock has a 50 day moving average price of $61.29 and a 200 day moving average price of $59.41.
Large investors have recently modified their holdings of the stock. Strs Ohio increased its stake in shares of NorthWestern Corporation by 6.5% in the first quarter. Strs Ohio now owns 4,900 shares of the utilities provider’s stock valued at $287,000 after buying an additional 300 shares during the last quarter. ProShare Advisors LLC increased its stake in shares of NorthWestern Corporation by 13.9% in the first quarter. ProShare Advisors LLC now owns 134,122 shares of the utilities provider’s stock valued at $7,873,000 after buying an additional 16,345 shares during the last quarter. First Manhattan Co. increased its stake in shares of NorthWestern Corporation by 1.1% in the first quarter. First Manhattan Co. now owns 323,448 shares of the utilities provider’s stock valued at $18,607,000 after buying an additional 3,421 shares during the last quarter. Personal Capital Advisors Corp increased its stake in shares of NorthWestern Corporation by 9.0% in the first quarter. Personal Capital Advisors Corp now owns 442,806 shares of the utilities provider’s stock valued at $26,055,000 after buying an additional 36,551 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of NorthWestern Corporation by 7.0% in the first quarter. Nisa Investment Advisors LLC now owns 94,565 shares of the utilities provider’s stock valued at $5,551,000 after buying an additional 6,225 shares during the last quarter. 95.40% of the stock is owned by hedge funds and other institutional investors.
In other NorthWestern Corporation news, VP Patrick R. Corcoran sold 7,487 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $62.72, for a total value of $469,584.64. Following the completion of the sale, the vice president now owns 13,259 shares of the company’s stock, valued at $831,604.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert C. Rowe sold 7,252 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $60.89, for a total transaction of $441,574.28. The disclosure for this sale can be found here. Insiders sold 18,171 shares of company stock worth $1,116,495 over the last 90 days. 1.33% of the stock is currently owned by company insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.525 dividend. 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 currently 60.34%.
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.
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