Wells Fargo & Company upgraded shares of NorthWestern Energy Group (NYSE:NWE – Free Report) from an equal weight rating to an overweight rating in a research report released on Monday morning, MarketBeat.com reports. The firm currently has $51.00 price objective on the stock, down from their prior price objective of $59.00.
A number of other equities research analysts also recently commented on NWE. TheStreet downgraded NorthWestern Energy Group from a b rating to a c+ rating in a research report on Friday, August 25th. JPMorgan Chase & Co. cut their price objective on shares of NorthWestern Energy Group from $59.00 to $55.00 and set a neutral rating on the stock in a report on Tuesday, October 10th. Barclays started coverage on shares of NorthWestern Energy Group in a report on Wednesday, August 23rd. They issued an underweight rating and a $48.00 target price for the company. StockNews.com assumed coverage on shares of NorthWestern Energy Group in a research note on Thursday, October 5th. They set a hold rating on the stock. Finally, KeyCorp lowered their price objective on shares of NorthWestern Energy Group from $64.00 to $59.00 and set an overweight rating for the company in a research note on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, NorthWestern Energy Group has an average rating of Hold and an average price target of $52.75.
Read Our Latest Stock Report on NorthWestern Energy Group
NorthWestern Energy Group Trading Up 1.9 %
Shares of NWE stock opened at $47.42 on Monday. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 2.96 and a beta of 0.45. The company has a current ratio of 0.75, a quick ratio of 0.53 and a debt-to-equity ratio of 0.95. The firm has a 50-day moving average price of $49.53 and a 200 day moving average price of $54.40. NorthWestern Energy Group has a twelve month low of $45.97 and a twelve month high of $61.24.
NorthWestern Energy Group (NYSE:NWE – Get Free Report) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.16). The firm had revenue of $321.10 million for the quarter, compared to analysts’ expectations of $466.35 million. NorthWestern Energy Group had a return on equity of 6.65% and a net margin of 11.91%. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.42 earnings per share. Research analysts forecast that NorthWestern Energy Group will post 3.05 earnings per share for the current fiscal year.
NorthWestern Energy Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 5.40%. The ex-dividend date of this dividend is Thursday, December 14th. NorthWestern Energy Group’s dividend payout ratio (DPR) is presently 85.05%.
Institutional Investors Weigh In On NorthWestern Energy Group
Several institutional investors and hedge funds have recently modified their holdings of NWE. D.A. Davidson & CO. raised its holdings in shares of NorthWestern Energy Group by 5.3% during the 1st quarter. D.A. Davidson & CO. now owns 4,000 shares of the company’s stock valued at $231,000 after buying an additional 200 shares during the period. Cetera Advisor Networks LLC raised its stake in shares of NorthWestern Energy Group by 2.9% during the second quarter. Cetera Advisor Networks LLC now owns 7,218 shares of the company’s stock valued at $410,000 after purchasing an additional 203 shares during the period. New York State Teachers Retirement System lifted its position in shares of NorthWestern Energy Group by 0.3% during the second quarter. New York State Teachers Retirement System now owns 74,369 shares of the company’s stock worth $4,221,000 after purchasing an additional 208 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of NorthWestern Energy Group by 47.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 736 shares of the company’s stock valued at $44,000 after purchasing an additional 236 shares during the period. Finally, Legato Capital Management LLC grew its holdings in NorthWestern Energy Group by 3.6% during the 3rd quarter. Legato Capital Management LLC now owns 6,956 shares of the company’s stock valued at $334,000 after purchasing an additional 243 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.
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.
Further Reading
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