NorthWestern (NASDAQ:NWE) Releases FY 2021 Earnings Guidance

NorthWestern (NASDAQ:NWE) updated its FY 2021 earnings guidance on Thursday. The company provided EPS guidance of $3.430-$3.580 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.530. The company issued revenue guidance of -.

Several research firms recently commented on NWE. Zacks Investment Research cut NorthWestern from a buy rating to a sell rating in a research note on Wednesday. KeyCorp reduced their target price on NorthWestern from $72.00 to $70.00 and set an overweight rating for the company in a report on Tuesday, July 20th. Finally, Wells Fargo & Company decreased their price objective on shares of NorthWestern from $74.00 to $72.00 and set an overweight rating for the company in a report on Thursday, July 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of $67.83.

NASDAQ:NWE traded up $0.30 during mid-day trading on Thursday, hitting $58.04. 853 shares of the stock traded hands, compared to its average volume of 293,639. The company has a quick ratio of 0.80, a current ratio of 1.00 and a debt-to-equity ratio of 1.16. The firm’s 50 day moving average is $61.67 and its two-hundred day moving average is $63.31. NorthWestern has a 52 week low of $50.22 and a 52 week high of $70.80. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 3.63 and a beta of 0.45.

NorthWestern (NASDAQ:NWE) last issued its quarterly earnings results on Monday, July 26th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.26. The business had revenue of $298.22 million during the quarter, compared to the consensus estimate of $275.31 million. NorthWestern had a return on equity of 9.33% and a net margin of 14.18%. The company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the company earned $0.43 earnings per share. As a group, research analysts predict that NorthWestern will post 3.52 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 30th. Shareholders of record on Wednesday, September 15th were given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 4.27%. The ex-dividend date was Tuesday, September 14th. NorthWestern’s dividend payout ratio is currently 74.03%.

In related news, VP Curtis T. Pohl sold 2,000 shares of NorthWestern stock in a transaction on Monday, August 23rd. The shares were sold at an average price of $63.77, for a total value of $127,540.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Robert C. Rowe sold 3,000 shares of NorthWestern stock in a transaction dated Wednesday, September 15th. The shares were sold at an average price of $61.87, for a total transaction of $185,610.00. The disclosure for this sale can be found here. Insiders have sold a total of 6,100 shares of company stock valued at $381,955 over the last three months. 1.17% of the stock is currently owned by insiders.

An institutional investor recently raised its position in NorthWestern stock. Morgan Stanley boosted its position in NorthWestern Co. (NASDAQ:NWE) by 42.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 215,411 shares of the company’s stock after buying an additional 63,708 shares during the quarter. Morgan Stanley owned 0.42% of NorthWestern worth $12,972,000 at the end of the most recent quarter. 92.64% of the stock is currently owned by institutional investors.

NorthWestern Company Profile

NorthWestern Corp. engages in generating and distributing electricity and natural gas. It operates through the following segments: Electric Utility Operations, Natural Gas Operations, and All Other. The Electric Utility Operations segment includes generation, transmission, and distribution of electric utility business as a vertically integrated generation transmission and distribution utility.

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