Q3 2022 EPS Estimates for NorthWestern Co. (NASDAQ:NWE) Boosted by KeyCorp

NorthWestern Co. (NASDAQ:NWEGet Rating) – Research analysts at KeyCorp raised their Q3 2022 earnings estimates for NorthWestern in a research note issued to investors on Tuesday, August 2nd. KeyCorp analyst S. Karp now forecasts that the company will post earnings per share of $0.64 for the quarter, up from their prior forecast of $0.62. KeyCorp has a “Overweight” rating and a $64.00 price objective on the stock. The consensus estimate for NorthWestern’s current full-year earnings is $3.30 per share. KeyCorp also issued estimates for NorthWestern’s FY2022 earnings at $3.34 EPS, FY2024 earnings at $3.69 EPS, FY2025 earnings at $3.83 EPS and FY2026 earnings at $4.01 EPS.

NWE has been the topic of several other research reports. Sidoti cut shares of NorthWestern from a “buy” rating to a “neutral” rating and set a $63.00 price objective on the stock. in a research report on Wednesday, April 6th. Barclays lowered their price objective on shares of NorthWestern from $62.00 to $57.00 and set an “equal weight” rating for the company in a research report on Monday, July 18th. Finally, Bank of America lowered shares of NorthWestern from a “neutral” rating to an “underperform” rating and boosted their price target for the company from $61.00 to $62.00 in a report on Tuesday, May 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, NorthWestern has an average rating of “Hold” and an average target price of $61.86.

NorthWestern Trading Down 0.6 %

NWE stock opened at $54.16 on Wednesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.79 and a current ratio of 1.05. NorthWestern has a one year low of $53.42 and a one year high of $65.62. The company has a market capitalization of $3.04 billion, a PE ratio of 16.61, a price-to-earnings-growth ratio of 7.26 and a beta of 0.39. The company’s 50 day moving average price is $57.64 and its two-hundred day moving average price is $58.72.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Geneos Wealth Management Inc. purchased a new position in shares of NorthWestern in the fourth quarter valued at approximately $25,000. Quadrant Capital Group LLC raised its holdings in NorthWestern by 108.8% during the first quarter. Quadrant Capital Group LLC now owns 543 shares of the company’s stock worth $33,000 after purchasing an additional 283 shares in the last quarter. Pinebridge Investments L.P. acquired a new stake in NorthWestern during the fourth quarter worth approximately $51,000. Assetmark Inc. raised its holdings in NorthWestern by 366.8% during the second quarter. Assetmark Inc. now owns 873 shares of the company’s stock worth $51,000 after purchasing an additional 686 shares in the last quarter. Finally, EverSource Wealth Advisors LLC acquired a new stake in NorthWestern during the second quarter worth approximately $91,000. Hedge funds and other institutional investors own 92.26% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Robert C. Rowe sold 4,000 shares of the stock in a transaction dated Wednesday, June 15th. The shares were sold at an average price of $55.82, for a total value of $223,280.00. Following the completion of the sale, the chief executive officer now directly owns 195,016 shares in the company, valued at $10,885,793.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.17% of the stock is currently owned by company insiders.

NorthWestern Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date of this dividend is Wednesday, September 14th. NorthWestern’s dividend payout ratio is presently 77.30%.

NorthWestern Company Profile

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NorthWestern Corporation, doing business as NorthWestern Energy, provides electricity and natural gas to residential, commercial, and various industrial customers. The company operates through Electric and Natural Gas segments. 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.

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Earnings History and Estimates for NorthWestern (NASDAQ:NWE)

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