NorthWestern (NASDAQ:NWE) Downgraded to “Strong Sell” Rating by Wells Fargo & Company

Wells Fargo & Company cut shares of NorthWestern (NASDAQ:NWE) from a hold rating to a strong sell rating in a research report sent to investors on Tuesday,Zacks.com reports.

A number of other research analysts have also weighed in on NWE. Barclays raised shares of NorthWestern to a “strong-buy” rating in a research report on Tuesday, October 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of NorthWestern in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, NorthWestern has a consensus rating of “Moderate Buy” and a consensus target price of $56.00.

NorthWestern Trading Down 1.3%

Shares of NorthWestern stock opened at $67.84 on Tuesday. The company has a market capitalization of $4.17 billion, a P/E ratio of 19.22, a price-to-earnings-growth ratio of 2.63 and a beta of 0.35. The stock has a fifty day simple moving average of $66.11 and a 200 day simple moving average of $60.21. NorthWestern has a 12-month low of $50.46 and a 12-month high of $69.23. The company has a current ratio of 0.65, a quick ratio of 0.45 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 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.04. NorthWestern had a return on equity of 7.56% and a net margin of 13.82%.The business had revenue of $386.95 million for the quarter, compared to analysts’ expectations of $380.96 million.

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.