NorthWestern (NWE) Releases Quarterly Earnings Results

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NorthWestern (NYSE:NWE) announced its quarterly earnings results on Monday. The utilities provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.11, Fidelity Earnings reports. NorthWestern had a net margin of 14.53% and a return on equity of 9.64%. The company had revenue of $308.82 million for the quarter.

NYSE:NWE opened at $64.98 on Tuesday. NorthWestern has a 12 month low of $50.46 and a 12 month high of $65.74. The company has a market capitalization of $3.27 billion, a PE ratio of 19.69, a PEG ratio of 7.97 and a beta of 0.31. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.56 and a current ratio of 0.71.

Several brokerages have issued reports on NWE. Zacks Investment Research raised shares of NorthWestern from a “sell” rating to a “hold” rating in a report on Wednesday, November 21st. ValuEngine lowered shares of NorthWestern from a “buy” rating to a “hold” rating in a research report on Friday, November 2nd. Barclays set a $62.00 price objective on shares of NorthWestern and gave the company a “hold” rating in a research report on Saturday, November 17th. Finally, KeyCorp boosted their price objective on shares of NorthWestern from $66.00 to $67.00 and gave the company an “overweight” rating in a research report on Monday, December 17th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $62.60.

In other news, VP H. Grahame Heather sold 1,900 shares of NorthWestern stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $64.15, for a total value of $121,885.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.40% of the company’s stock.

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NorthWestern Company Profile

NorthWestern Corporation, doing business as NorthWestern Energy, provides electricity and natural gas to residential, commercial, and industrial customers. The company operates through Electric Operations and Natural Gas Operations segments. It generates, transmits, and distributes electricity; and produces, stores, transmits, and distributes natural gas, as well as owns municipal franchises to provide natural gas service in the communities.

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Earnings History for NorthWestern (NYSE:NWE)

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