NorthWestern (NASDAQ:NWE) Stock Price Down 2.2% – Here’s What Happened

NorthWestern Corporation (NASDAQ:NWE)’s stock price was down 2.2% on Friday . The company traded as low as $62.48 and last traded at $62.82. Approximately 1,552,898 shares were traded during mid-day trading, an increase of 159% from the average daily volume of 600,636 shares. The stock had previously closed at $64.24.

Analyst Ratings Changes

A number of research analysts have issued reports on NWE shares. Wells Fargo & Company raised NorthWestern to a “hold” rating in a report on Tuesday, October 28th. Weiss Ratings reissued a “buy (b)” rating on shares of NorthWestern in a report on Monday. Finally, Barclays upgraded shares of NorthWestern to a “strong-buy” rating in a research report on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $56.00.

NorthWestern Price Performance

The stock has a fifty day moving average of $64.10 and a 200-day moving average of $57.97. The firm has a market capitalization of $3.86 billion, a P/E ratio of 17.80, a PEG ratio of 2.61 and a beta of 0.35. The company has a quick ratio of 0.45, a current ratio of 0.65 and a debt-to-equity ratio of 1.06.

NorthWestern (NASDAQ:NWE) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. The firm had revenue of $386.95 million for the quarter, compared to analyst estimates of $380.96 million. NorthWestern had a net margin of 13.82% and a return on equity of 7.56%.

NorthWestern Company Profile

NorthWestern Corporation (NASDAQ: NWE) is a regulated energy company that delivers electricity and natural gas to residential, commercial and industrial customers. Through its Electric Operations and Gas Operations segments, the company operates an extensive network of distribution lines, substations and pipelines. NorthWestern’s services encompass the delivery of power sourced from regional transmission systems and the procurement, storage and distribution of natural gas to end users.

Electric delivery services include the management of distribution infrastructure, customer metering and system reliability programs.