NorthWestern Energy Group (NYSE:NWE) Stock Rating Upgraded by Guggenheim

NorthWestern Energy Group (NYSE:NWE) was upgraded by stock analysts at Guggenheim from a “neutral” rating to a “buy” rating in a report issued on Thursday,Finviz reports.

Several other research analysts have also weighed in on NWE. Barclays lifted their price objective on NorthWestern Energy Group from $56.00 to $57.00 and gave the stock an “overweight” rating in a research report on Wednesday. LADENBURG THALM/SH SH raised NorthWestern Energy Group from a “neutral” rating to a “buy” rating and set a $57.50 price objective for the company in a research report on Wednesday, January 15th. JPMorgan Chase & Co. lifted their price objective on NorthWestern Energy Group from $56.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Mizuho lifted their price objective on NorthWestern Energy Group from $52.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Finally, StockNews.com lowered NorthWestern Energy Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.42.

NorthWestern Energy Group Trading Down 3.1 %

Shares of NWE stock opened at $53.35 on Thursday. NorthWestern Energy Group has a 1-year low of $46.15 and a 1-year high of $57.49. The company has a current ratio of 0.45, a quick ratio of 0.30 and a debt-to-equity ratio of 0.91. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 2.46 and a beta of 0.48. The stock has a 50-day moving average of $53.55 and a 200-day moving average of $53.92.

NorthWestern Energy Group (NYSE:NWE) last released its quarterly earnings results on Monday, October 28th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.05). The firm had revenue of $345.20 million for the quarter, compared to the consensus estimate of $344.06 million. NorthWestern Energy Group had a return on equity of 7.95% and a net margin of 15.15%. During the same quarter in the previous year, the business posted $0.49 EPS. On average, equities research analysts forecast that NorthWestern Energy Group will post 3.39 earnings per share for the current year.

Insider Activity

In other NorthWestern Energy Group news, Director Britt E. Ide sold 700 shares of NorthWestern Energy Group stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $53.57, for a total transaction of $37,499.00. Following the completion of the transaction, the director now owns 10,888 shares in the company, valued at approximately $583,270.16. The trade was a 6.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anthony Thomas Clark sold 7,400 shares of NorthWestern Energy Group stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $51.95, for a total value of $384,430.00. Following the transaction, the director now owns 16,816 shares of the company’s stock, valued at $873,591.20. This trade represents a 30.56 % decrease in their position. The disclosure for this sale can be found here. 0.94% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NorthWestern Energy Group

Hedge funds have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC bought a new position in shares of NorthWestern Energy Group during the 3rd quarter worth approximately $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of NorthWestern Energy Group during the 3rd quarter worth approximately $35,000. Quest Partners LLC bought a new position in shares of NorthWestern Energy Group during the 3rd quarter worth approximately $45,000. AdvisorNet Financial Inc lifted its position in shares of NorthWestern Energy Group by 29.3% during the 4th quarter. AdvisorNet Financial Inc now owns 883 shares of the company’s stock worth $47,000 after buying an additional 200 shares in the last quarter. Finally, nVerses Capital LLC lifted its position in shares of NorthWestern Energy Group by 150.0% during the 3rd quarter. nVerses Capital LLC now owns 1,000 shares of the company’s stock worth $57,000 after buying an additional 600 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

About NorthWestern Energy Group

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.