NorthWestern (NASDAQ:NWE) Lowered to Sell at Guggenheim

Guggenheim lowered shares of NorthWestern (NASDAQ:NWEGet Rating) from a neutral rating to a sell rating in a report issued on Monday, The Fly reports. They currently have $46.00 target price on the stock, down from their prior target price of $48.00.

NWE has been the subject of several other reports. Wells Fargo & Company upped their target price on NorthWestern to $57.00 in a report on Wednesday, December 14th. StockNews.com initiated coverage on NorthWestern in a research note on Wednesday, October 12th. They issued a hold rating on the stock. KeyCorp decreased their price target on NorthWestern from $64.00 to $59.00 and set an overweight rating on the stock in a research note on Thursday, October 20th. Mizuho increased their target price on NorthWestern from $56.00 to $57.00 and gave the stock a neutral rating in a research note on Monday, December 19th. Finally, Bank of America raised NorthWestern from an underperform rating to a buy rating and decreased their target price for the stock from $58.00 to $56.00 in a research note on Thursday, September 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, NorthWestern presently has a consensus rating of Hold and a consensus price target of $57.33.

NorthWestern Stock Performance

Shares of NWE opened at $55.70 on Monday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.76 and a quick ratio of 0.56. NorthWestern has a one year low of $48.68 and a one year high of $63.06. The stock has a market capitalization of $3.22 billion, a PE ratio of 18.26, a price-to-earnings-growth ratio of 9.15 and a beta of 0.43. The stock’s 50 day moving average price is $57.55.

NorthWestern (NASDAQ:NWEGet Rating) last issued its earnings results on Monday, October 24th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.16). The company had revenue of $335.10 million during the quarter, compared to analysts’ expectations of $300.40 million. NorthWestern had a net margin of 11.97% and a return on equity of 6.98%. On average, analysts predict that NorthWestern will post 3.26 earnings per share for the current year.

Insider Activity

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

Institutional Trading of NorthWestern

Several hedge funds have recently modified their holdings of NWE. Pinebridge Investments L.P. lifted its holdings in shares of NorthWestern by 366.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 466 shares of the company’s stock valued at $27,000 after buying an additional 366 shares during the period. Ronald Blue Trust Inc. raised its holdings in NorthWestern by 159.7% during the fourth quarter. Ronald Blue Trust Inc. now owns 631 shares of the company’s stock worth $31,000 after purchasing an additional 388 shares during the last quarter. Wipfli Financial Advisors LLC acquired a new position in NorthWestern during the third quarter worth $39,000. Quadrant Capital Group LLC raised its holdings in NorthWestern by 35.0% during the second 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 last quarter. Finally, Eagle Bay Advisors LLC raised its holdings in NorthWestern by 145.2% during the second quarter. Eagle Bay Advisors LLC now owns 765 shares of the company’s stock worth $45,000 after purchasing an additional 453 shares during the last quarter. 96.60% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for NorthWestern (NASDAQ:NWE)

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