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

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

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

NorthWestern Energy Group Price Performance

Shares of NWE opened at $55.00 on Monday. The company has a quick ratio of 0.36, a current ratio of 0.52 and a debt-to-equity ratio of 0.92. NorthWestern Energy Group has a twelve month low of $46.15 and a twelve month high of $57.48. The stock has a market capitalization of $3.37 billion, a P/E ratio of 17.03, a P/E/G ratio of 2.56 and a beta of 0.46. The company has a 50 day moving average of $55.18 and a 200-day moving average of $52.43.

NorthWestern Energy Group (NYSE:NWE) last released its earnings results on Tuesday, July 30th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.05. NorthWestern Energy Group had a net margin of 14.21% and a return on equity of 7.65%. The business had revenue of $319.90 million during the quarter, compared to the consensus estimate of $310.40 million. During the same quarter last year, the firm earned $0.35 earnings per share. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, equities research analysts forecast that NorthWestern Energy Group will post 3.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Britt E. Ide sold 688 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $51.92, for a total value of $35,720.96. Following the transaction, the director now directly owns 10,778 shares of the company’s stock, valued at $559,593.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.94% of the company’s stock.

Hedge Funds Weigh In On NorthWestern Energy Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC boosted its stake in NorthWestern Energy Group by 5,622.1% in the 3rd quarter. International Assets Investment Management LLC now owns 9,842 shares of the company’s stock valued at $563,000 after purchasing an additional 9,670 shares during the period. First Citizens Bank & Trust Co. acquired a new stake in shares of NorthWestern Energy Group during the third quarter worth $230,000. V Square Quantitative Management LLC bought a new stake in shares of NorthWestern Energy Group in the third quarter valued at about $26,000. nVerses Capital LLC grew its stake in shares of NorthWestern Energy Group by 150.0% in the third quarter. nVerses Capital LLC now owns 1,000 shares of the company’s stock valued at $57,000 after acquiring an additional 600 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. bought a new position in NorthWestern Energy Group during the third quarter worth about $220,000. 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.