NorthWestern (NASDAQ:NWE) Releases Earnings Results

NorthWestern (NASDAQ:NWEGet Rating) issued its quarterly earnings data on Thursday. The company reported $1.09 EPS for the quarter, missing the Zacks’ consensus estimate of $1.17 by ($0.08), Briefing.com reports. The company had revenue of $394.50 million for the quarter, compared to analyst estimates of $427.13 million. NorthWestern had a return on equity of 8.58% and a net margin of 13.61%. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.26 EPS.

NorthWestern stock traded down $2.10 during midday trading on Friday, hitting $56.69. The stock had a trading volume of 510,652 shares, compared to its average volume of 293,890. The company has a current ratio of 1.15, a quick ratio of 0.94 and a debt-to-equity ratio of 1.09. The stock has a market cap of $3.07 billion, a P/E ratio of 16.48, a P/E/G ratio of 6.48 and a beta of 0.44. NorthWestern has a 12 month low of $53.66 and a 12 month high of $69.63. The business has a fifty day moving average price of $59.77 and a 200 day moving average price of $57.99.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Wednesday, June 15th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 4.45%. The ex-dividend date of this dividend is Tuesday, June 14th. NorthWestern’s dividend payout ratio is currently 73.26%.

NWE has been the topic of a number of recent research reports. Sidoti cut NorthWestern from a “buy” rating to a “neutral” rating and set a $63.00 price objective on the stock. in a research note on Wednesday, April 6th. Zacks Investment Research cut NorthWestern from a “hold” rating to a “sell” rating in a research note on Friday, March 25th. Siebert Williams Shank reduced their price objective on NorthWestern from $72.00 to $66.00 and set a “buy” rating on the stock in a research note on Tuesday, February 22nd. KeyCorp cut their price target on NorthWestern from $68.00 to $67.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 20th. Finally, Mizuho assumed coverage on NorthWestern in a research note on Thursday, March 10th. They issued a “neutral” rating and a $62.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $63.57.

In related news, CEO Robert C. Rowe sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 15th. The stock was sold at an average price of $57.59, for a total transaction of $172,770.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jan Robert Horsfall sold 2,430 shares of the stock in a transaction on Wednesday, February 23rd. The stock was sold at an average price of $58.48, for a total value of $142,106.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,130 shares of company stock valued at $476,471. 1.17% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Toroso Investments LLC bought a new stake in NorthWestern in the fourth quarter valued at $221,000. LPL Financial LLC lifted its stake in NorthWestern by 7.0% in the third quarter. LPL Financial LLC now owns 4,834 shares of the company’s stock valued at $277,000 after buying an additional 317 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in NorthWestern by 1,414.9% in the fourth quarter. Advisors Asset Management Inc. now owns 27,101 shares of the company’s stock valued at $1,549,000 after buying an additional 25,312 shares during the last quarter. Cubist Systematic Strategies LLC lifted its stake in NorthWestern by 67.3% in the fourth quarter. Cubist Systematic Strategies LLC now owns 30,492 shares of the company’s stock valued at $1,743,000 after buying an additional 12,271 shares during the last quarter. Finally, Amalgamated Bank raised its stake in shares of NorthWestern by 2.5% during the fourth quarter. Amalgamated Bank now owns 35,021 shares of the company’s stock valued at $2,002,000 after purchasing an additional 838 shares in the last quarter. Institutional investors own 92.25% of the company’s stock.

NorthWestern Company Profile (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

Earnings History for NorthWestern (NASDAQ:NWE)

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