NorthWestern Corporation (NYSE:NWE) CEO Robert C. Rowe sold 3,626 shares of NorthWestern stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $64.25, for a total value of $232,970.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
NorthWestern Corporation (NYSE:NWE) traded down $0.50 during trading hours on Friday, hitting $63.76. 232,139 shares of the stock were exchanged, compared to its average volume of 367,211. NorthWestern Corporation has a 52 week low of $54.07 and a 52 week high of $64.38. The company has a quick ratio of 0.33, a current ratio of 0.42 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $3,120.00, a PE ratio of 19.08, a P/E/G ratio of 12.14 and a beta of 0.35.
NorthWestern (NYSE:NWE) last posted its earnings results on Wednesday, November 1st. The utilities provider reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). NorthWestern had a net margin of 12.44% and a return on equity of 9.41%. The firm had revenue of $309.90 million during the quarter, compared to the consensus estimate of $305.60 million. During the same quarter last year, the firm posted $0.68 EPS. The business’s revenue was up 3.0% on a year-over-year basis. analysts anticipate that NorthWestern Corporation will post 3.39 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of NWE. Riverhead Capital Management LLC raised its position in NorthWestern by 62.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,931 shares of the utilities provider’s stock worth $179,000 after purchasing an additional 1,131 shares during the last quarter. Stevens Capital Management LP bought a new position in NorthWestern in the 2nd quarter worth approximately $201,000. Legg Mason Asset Management Japan Co. Ltd. bought a new position in NorthWestern in the 2nd quarter worth approximately $207,000. Prudential PLC bought a new position in NorthWestern in the 2nd quarter worth approximately $207,000. Finally, Shelton Capital Management bought a new position in NorthWestern in the 2nd quarter worth approximately $222,000. Institutional investors own 93.70% of the company’s stock.
A number of equities research analysts have weighed in on NWE shares. Bank of America started coverage on NorthWestern in a report on Tuesday, October 24th. They set an “underperform” rating and a $54.00 price objective on the stock. KeyCorp reaffirmed a “hold” rating on shares of NorthWestern in a report on Friday, October 20th. Credit Suisse Group decreased their price objective on NorthWestern from $60.00 to $58.00 and set an “underperform” rating on the stock in a report on Friday, November 10th. Zacks Investment Research raised NorthWestern from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. Finally, BidaskClub raised NorthWestern from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 8th. Four equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The company has a consensus rating of “Sell” and a consensus price target of $58.00.
NorthWestern 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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