NorthWestern Energy Group (NYSE:NWE) PT Raised to $56.00 at Mizuho

NorthWestern Energy Group (NYSE:NWE) had its price target lifted by analysts at Mizuho from $52.00 to $56.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Mizuho’s price objective points to a potential upside of 2.32% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Bank of America began coverage on NorthWestern Energy Group in a research report on Thursday, September 12th. They issued a “buy” rating and a $65.00 target price on the stock. Wells Fargo & Company upped their price target on NorthWestern Energy Group from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Barclays lifted their price objective on NorthWestern Energy Group from $50.00 to $53.00 and gave the company an “underweight” rating in a research note on Tuesday, August 6th. Finally, StockNews.com lowered NorthWestern Energy Group from a “buy” rating to a “hold” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $55.38.

NorthWestern Energy Group Stock Up 0.2 %

Shares of NYSE NWE opened at $54.73 on Wednesday. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 2.61 and a beta of 0.46. The company’s 50-day simple moving average is $54.55 and its 200-day simple moving average is $52.04. The company has a quick ratio of 0.36, a current ratio of 0.52 and a debt-to-equity ratio of 0.92. NorthWestern Energy Group has a 52-week low of $46.15 and a 52-week high of $57.48.

NorthWestern Energy Group (NYSE:NWE) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.05. The business had revenue of $319.90 million during the quarter, compared to analyst estimates of $310.40 million. NorthWestern Energy Group had a return on equity of 7.65% and a net margin of 14.21%. The business’s revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.35 earnings per share. Equities analysts predict that NorthWestern Energy Group will post 3.56 EPS for the current fiscal year.

Insider Buying and Selling at NorthWestern Energy Group

In other news, Director Britt E. Ide sold 688 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $51.92, for a total value of $35,720.96. Following the completion of the transaction, the director now owns 10,778 shares in the company, valued at approximately $559,593.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.94% of the stock is currently owned by insiders.

Hedge Funds Weigh In On NorthWestern Energy Group

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in NorthWestern Energy Group by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 6,780,298 shares of the company’s stock worth $345,049,000 after acquiring an additional 187,619 shares during the period. American Century Companies Inc. grew its position in NorthWestern Energy Group by 0.5% in the 2nd quarter. American Century Companies Inc. now owns 3,968,413 shares of the company’s stock valued at $198,738,000 after buying an additional 19,748 shares during the last quarter. Victory Capital Management Inc. increased its stake in NorthWestern Energy Group by 0.9% in the 2nd quarter. Victory Capital Management Inc. now owns 2,128,539 shares of the company’s stock valued at $106,597,000 after buying an additional 19,369 shares during the period. Dimensional Fund Advisors LP raised its position in NorthWestern Energy Group by 6.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,027,698 shares of the company’s stock worth $51,467,000 after buying an additional 61,216 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of NorthWestern Energy Group by 1.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 849,064 shares of the company’s stock worth $42,521,000 after acquiring an additional 12,091 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

About NorthWestern Energy Group

NorthWestern Energy Group, Inc provides electricity and natural gas to residential, commercial, and various industrial customers. 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.