NorthWestern Co. (NASDAQ:NWE) Given Average Recommendation of “Hold” by Brokerages

Shares of NorthWestern Co. (NASDAQ:NWEGet Rating) have been given a consensus recommendation of “Hold” by the nine research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $61.86.

A number of analysts recently commented on NWE shares. Barclays decreased their price target on NorthWestern from $62.00 to $57.00 and set an “equal weight” rating for the company in a research report on Monday, July 18th. KeyCorp decreased their price target on NorthWestern from $67.00 to $64.00 and set an “overweight” rating for the company in a research report on Tuesday, July 19th. Bank of America downgraded NorthWestern from a “neutral” rating to an “underperform” rating and increased their price target for the company from $61.00 to $62.00 in a research report on Tuesday, May 31st. Finally, TheStreet downgraded NorthWestern from a “b” rating to a “c+” rating in a research report on Monday, August 29th.

NorthWestern Stock Up 0.4 %

NWE stock opened at $54.43 on Thursday. NorthWestern has a twelve month low of $52.71 and a twelve month high of $63.06. The company has a quick ratio of 0.79, a current ratio of 1.05 and a debt-to-equity ratio of 1.03. The stock’s 50 day moving average is $54.96 and its 200-day moving average is $57.12. The firm has a market capitalization of $3.06 billion, a PE ratio of 16.70, a P/E/G ratio of 7.32 and a beta of 0.41.

NorthWestern (NASDAQ:NWEGet Rating) last posted its earnings results on Wednesday, July 27th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. NorthWestern had a return on equity of 7.59% and a net margin of 12.61%. The company had revenue of $323.00 million for the quarter, compared to analyst estimates of $290.20 million. Sell-side analysts expect that NorthWestern will post 3.32 EPS for the current fiscal year.

NorthWestern Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date of this dividend is Wednesday, September 14th. NorthWestern’s dividend payout ratio is currently 77.30%.

Hedge Funds Weigh In On NorthWestern

Hedge funds have recently made changes to their positions in the stock. Pinebridge Investments L.P. grew its position in shares of NorthWestern by 366.0% in the second quarter. Pinebridge Investments L.P. now owns 466 shares of the company’s stock valued at $27,000 after purchasing an additional 366 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in NorthWestern by 108.8% during the first quarter. Quadrant Capital Group LLC now owns 543 shares of the company’s stock valued at $33,000 after buying an additional 283 shares during the period. Eagle Bay Advisors LLC boosted its stake in NorthWestern by 145.2% during the second quarter. Eagle Bay Advisors LLC now owns 765 shares of the company’s stock valued at $45,000 after buying an additional 453 shares during the period. Assetmark Inc. boosted its stake in NorthWestern by 366.8% during the second quarter. Assetmark Inc. now owns 873 shares of the company’s stock valued at $51,000 after buying an additional 686 shares during the period. Finally, EverSource Wealth Advisors LLC bought a new stake in NorthWestern during the second quarter valued at $91,000.

About NorthWestern

(Get Rating)

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.

Further Reading

Analyst Recommendations for NorthWestern (NASDAQ:NWE)

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