Press coverage about NorthWestern Corporation (NYSE:NWE) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. NorthWestern Corporation earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned media headlines about the utilities provider an impact score of 39 out of 100, meaning that recent media coverage is unlikely to have an impact on the company’s share price in the next several days.
Shares of NorthWestern Corporation (NYSE:NWE) traded down 0.59% during trading on Monday, hitting $59.33. The stock had a trading volume of 145,122 shares. The firm has a 50 day moving average of $61.96 and a 200 day moving average of $59.00. NorthWestern Corporation has a 1-year low of $53.85 and a 1-year high of $63.86. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 15.86 and a beta of 0.38.
NorthWestern Corporation (NYSE:NWE) last announced its earnings results on Wednesday, April 26th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.10. NorthWestern Corporation had a return on equity of 9.95% and a net margin of 14.14%. The business had revenue of $367.30 million for the quarter, compared to analyst estimates of $368.51 million. During the same quarter last year, the firm earned $1.01 EPS. NorthWestern Corporation’s revenue for the quarter was up 10.5% compared to the same quarter last year. Analysts expect that NorthWestern Corporation will post $3.41 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Thursday, June 15th were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date was Tuesday, June 13th. NorthWestern Corporation’s dividend payout ratio is presently 55.70%.
NWE has been the topic of several recent analyst reports. Zacks Investment Research upgraded NorthWestern Corporation from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a report on Tuesday, May 2nd. Williams Capital boosted their price objective on NorthWestern Corporation from $58.00 to $61.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Finally, BidaskClub upgraded NorthWestern Corporation from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $63.00.
In other NorthWestern Corporation news, VP John D. Hines sold 3,432 shares of the business’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $59.83, for a total transaction of $205,336.56. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Patrick R. Corcoran sold 7,487 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $62.72, for a total value of $469,584.64. Following the transaction, the vice president now directly owns 13,259 shares in the company, valued at approximately $831,604.48. The disclosure for this sale can be found here. In the last three months, insiders sold 18,171 shares of company stock worth $1,116,495. 1.33% of the stock is owned by insiders.
About NorthWestern Corporation
NorthWestern Corporation, doing business as North-Western Energy, provides electricity and natural gas. The Company’s segments are Electric operations, Natural gas operations and All other. As of December 31, 2016, the Company provided electricity and natural gas to approximately 709,600 customers in Montana, South Dakota and Nebraska.
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