NorthWestern Energy Group (NYSE:NWE) PT Raised to $60.00

NorthWestern Energy Group (NYSE:NWE) had its target price upped by investment analysts at JPMorgan Chase & Co. from $56.00 to $60.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 9.09% from the company’s current price.

A number of other research firms also recently weighed in on NWE. Wells Fargo & Company boosted their target price on NorthWestern Energy Group from $58.00 to $61.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Barclays boosted their price objective on NorthWestern Energy Group from $50.00 to $53.00 and gave the stock an “underweight” rating in a report on Tuesday, August 6th. Bank of America initiated coverage on shares of NorthWestern Energy Group in a research note on Thursday, September 12th. They issued a “buy” rating and a $65.00 target price on the stock. Mizuho boosted their price target on shares of NorthWestern Energy Group from $52.00 to $56.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Finally, StockNews.com cut shares of NorthWestern Energy Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, NorthWestern Energy Group presently has a consensus rating of “Hold” and an average price target of $56.14.

NorthWestern Energy Group Stock Down 0.6 %

Shares of NYSE NWE opened at $55.00 on Monday. NorthWestern Energy Group has a 12-month low of $46.15 and a 12-month high of $57.48. The firm’s 50-day simple moving average is $55.18 and its 200 day simple moving average is $52.43. The company has a quick ratio of 0.36, a current ratio of 0.52 and a debt-to-equity ratio of 0.92. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 17.03, a price-to-earnings-growth ratio of 2.56 and a beta of 0.46.

NorthWestern Energy Group (NYSE:NWE) last announced its earnings results on Tuesday, July 30th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.05. The company had revenue of $319.90 million for the quarter, compared to analyst estimates of $310.40 million. NorthWestern Energy Group had a net margin of 14.21% and a return on equity of 7.65%. NorthWestern Energy Group’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.35 earnings per share. On average, research analysts expect that NorthWestern Energy Group will post 3.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Britt E. Ide sold 688 shares of the business’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 of the company’s stock, valued at $559,593.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.94% of the company’s stock.

Institutional Investors Weigh In On NorthWestern Energy Group

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its stake 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 purchasing an additional 187,619 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of NorthWestern Energy Group by 10.6% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 6,716 shares of the company’s stock valued at $342,000 after buying an additional 644 shares during the period. Oliver Luxxe Assets LLC increased its position in shares of NorthWestern Energy Group by 19.3% during the first quarter. Oliver Luxxe Assets LLC now owns 48,943 shares of the company’s stock worth $2,493,000 after acquiring an additional 7,913 shares in the last quarter. AlphaMark Advisors LLC acquired a new stake in shares of NorthWestern Energy Group during the first quarter worth $305,000. Finally, State of Michigan Retirement System lifted its position in NorthWestern Energy Group by 2.0% in the 1st quarter. State of Michigan Retirement System now owns 15,028 shares of the company’s stock valued at $765,000 after acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

NorthWestern Energy Group Company Profile

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.