NorthWestern Co. (NASDAQ:NWE – Get Rating) – Equities research analysts at KeyCorp upped their Q3 2022 earnings per share (EPS) estimates for shares of NorthWestern in a report released on Monday, July 18th. KeyCorp analyst S. Karp now expects that the company will post earnings of $0.62 per share for the quarter, up from their prior forecast of $0.61. KeyCorp currently has a “Overweight” rating and a $64.00 target price 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 Q4 2022 earnings at $1.07 EPS.
NorthWestern (NASDAQ:NWE – Get Rating) last released its quarterly earnings data on Thursday, April 28th. The company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.12). NorthWestern had a net margin of 13.38% and a return on equity of 8.15%. The business had revenue of $394.50 million during the quarter, compared to analysts’ expectations of $427.13 million. During the same quarter in the prior year, the firm posted $1.26 earnings per share. The firm’s quarterly revenue was down 1.6% on a year-over-year basis.
NorthWestern Stock Performance
NASDAQ NWE opened at $55.11 on Wednesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.80 and a current ratio of 0.97. The company has a market capitalization of $2.98 billion, a P/E ratio of 16.02, a P/E/G ratio of 7.50 and a beta of 0.45. The company has a fifty day moving average of $58.83 and a 200-day moving average of $58.86. NorthWestern has a 52-week low of $53.66 and a 52-week high of $65.62.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in NWE. Commonwealth Equity Services LLC increased its stake in shares of NorthWestern by 0.9% in the second quarter. Commonwealth Equity Services LLC now owns 22,485 shares of the company’s stock worth $1,325,000 after purchasing an additional 204 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of NorthWestern by 3.6% in the first quarter. Janney Montgomery Scott LLC now owns 5,941 shares of the company’s stock worth $359,000 after purchasing an additional 205 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in shares of NorthWestern by 2.5% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 8,728 shares of the company’s stock worth $499,000 after purchasing an additional 210 shares in the last quarter. Texas Permanent School Fund increased its stake in shares of NorthWestern by 0.6% in the first quarter. Texas Permanent School Fund now owns 38,342 shares of the company’s stock worth $2,319,000 after purchasing an additional 214 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in shares of NorthWestern by 2.3% in the second quarter. Exchange Traded Concepts LLC now owns 10,367 shares of the company’s stock worth $611,000 after purchasing an additional 236 shares in the last quarter. 92.26% of the stock is currently owned by institutional investors.
Insider Activity at NorthWestern
In related news, CEO Robert C. Rowe sold 4,000 shares of the stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $55.82, for a total transaction of $223,280.00. Following the transaction, the chief executive officer now owns 195,016 shares in the company, valued at $10,885,793.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.17% of the stock is owned by insiders.
NorthWestern Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date of this dividend was Tuesday, June 14th. NorthWestern’s payout ratio is 73.26%.
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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