FY2022 Earnings Estimate for NorthWestern Co. Issued By KeyCorp (NASDAQ:NWE)

NorthWestern Co. (NASDAQ:NWEGet Rating) – Investment analysts at KeyCorp dropped their FY2022 earnings per share (EPS) estimates for shares of NorthWestern in a research report issued to clients and investors on Tuesday, January 17th. KeyCorp analyst S. Karp now expects that the company will earn $3.23 per share for the year, down from their prior estimate of $3.26. KeyCorp currently has a “Overweight” rating and a $59.00 price objective on the stock. The consensus estimate for NorthWestern’s current full-year earnings is $3.28 per share. KeyCorp also issued estimates for NorthWestern’s Q4 2022 earnings at $1.19 EPS, FY2023 earnings at $3.48 EPS, FY2024 earnings at $3.64 EPS and FY2025 earnings at $3.81 EPS.

NorthWestern (NASDAQ:NWEGet Rating) last posted its earnings results on Monday, October 24th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.16). The firm had revenue of $335.10 million for the quarter, compared to analysts’ expectations of $300.40 million. NorthWestern had a return on equity of 6.98% and a net margin of 11.97%.

Other analysts also recently issued research reports about the company. Guggenheim cut their price target on NorthWestern from $58.00 to $48.00 in a research note on Monday, October 24th. JPMorgan Chase & Co. started coverage on NorthWestern in a research note on Tuesday, November 1st. They issued a “neutral” rating and a $55.00 price target on the stock. StockNews.com started coverage on NorthWestern in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Bank of America upgraded NorthWestern from an “underperform” rating to a “buy” rating and cut their price target for the stock from $58.00 to $56.00 in a research note on Thursday, September 29th. Finally, Mizuho upped their price objective on NorthWestern from $56.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, December 19th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $57.56.

NorthWestern Stock Performance

NorthWestern stock opened at $56.48 on Wednesday. The company has a quick ratio of 0.56, a current ratio of 0.76 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $3.26 billion, a P/E ratio of 18.52, a PEG ratio of 9.61 and a beta of 0.43. The stock’s 50 day moving average is $57.36 and its 200 day moving average is $54.57. NorthWestern has a twelve month low of $48.68 and a twelve month high of $63.06.

Hedge Funds Weigh In On NorthWestern

A number of institutional investors have recently bought and sold shares of the stock. Quadrant Capital Group LLC raised its holdings in NorthWestern by 35.0% in the 2nd quarter. Quadrant Capital Group LLC now owns 733 shares of the company’s stock worth $43,000 after purchasing an additional 190 shares during the period. Commonwealth Equity Services LLC raised its holdings in NorthWestern by 0.9% in the 2nd 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 during the period. Exchange Traded Concepts LLC raised its holdings in NorthWestern by 2.3% in the 2nd quarter. Exchange Traded Concepts LLC now owns 10,367 shares of the company’s stock worth $611,000 after purchasing an additional 236 shares during the period. Cetera Investment Advisers raised its holdings in NorthWestern by 7.0% in the 1st quarter. Cetera Investment Advisers now owns 4,010 shares of the company’s stock worth $243,000 after purchasing an additional 262 shares during the period. Finally, Securian Asset Management Inc. raised its holdings in NorthWestern by 5.7% in the 3rd quarter. Securian Asset Management Inc. now owns 5,127 shares of the company’s stock worth $253,000 after purchasing an additional 275 shares during the period. 96.60% of the stock is owned by institutional investors.

Insider Activity

In other news, COO Brian B. Bird sold 6,800 shares of the stock in a transaction on Thursday, November 3rd. The stock was sold at an average price of $52.51, for a total transaction of $357,068.00. Following the transaction, the chief operating officer now directly owns 108,462 shares of the company’s stock, valued at approximately $5,695,339.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, COO Brian B. Bird sold 6,800 shares of the stock in a transaction on Thursday, November 3rd. The stock was sold at an average price of $52.51, for a total transaction of $357,068.00. Following the transaction, the chief operating officer now directly owns 108,462 shares of the company’s stock, valued at approximately $5,695,339.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Michael R. Cashell sold 1,702 shares of the stock in a transaction on Friday, October 28th. The shares were sold at an average price of $53.19, for a total value of $90,529.38. Following the transaction, the vice president now directly owns 15,812 shares in the company, valued at $841,040.28. The disclosure for this sale can be found here. Insiders own 1.17% of the company’s stock.

NorthWestern Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Thursday, December 15th were issued a dividend of $0.63 per share. The ex-dividend date was Wednesday, December 14th. This represents a $2.52 annualized dividend and a dividend yield of 4.46%. NorthWestern’s payout ratio is 82.62%.

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.

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Earnings History and Estimates for NorthWestern (NASDAQ:NWE)

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