NorthWestern (NASDAQ:NWE) Given New $76.00 Price Target at JPMorgan Chase & Co.

NorthWestern (NASDAQ:NWE) had its price objective upped by investment analysts at JPMorgan Chase & Co. from $73.00 to $76.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 8.06% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Barclays lifted their price objective on shares of NorthWestern from $62.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, April 20th. Weiss Ratings restated a “buy (b-)” rating on shares of NorthWestern in a report on Tuesday, May 26th. Wall Street Zen raised shares of NorthWestern to a “hold” rating in a research note on Saturday, April 25th. LADENBURG THALM/SH SH upgraded shares of NorthWestern from a “neutral” rating to a “buy” rating and upped their price target for the company from $56.00 to $75.50 in a report on Wednesday, April 1st. Finally, Wells Fargo & Company reissued an “underweight” rating and set a $54.00 price objective on shares of NorthWestern in a research report on Tuesday, April 21st. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $70.10.

NorthWestern Stock Performance

Shares of NASDAQ:NWE opened at $70.33 on Thursday. The company has a current ratio of 0.70, a quick ratio of 0.52 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $4.33 billion, a P/E ratio of 25.86, a P/E/G ratio of 3.74 and a beta of 0.34. The business has a 50-day moving average price of $70.88 and a two-hundred day moving average price of $68.99. NorthWestern has a 1-year low of $51.31 and a 1-year high of $75.18.

NorthWestern (NASDAQ:NWE) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.02. NorthWestern had a net margin of 10.21% and a return on equity of 7.80%. The business had revenue of $516.60 million for the quarter. During the same quarter in the prior year, the company earned $1.22 earnings per share. The company’s quarterly revenue was up 6.6% on a year-over-year basis. Equities analysts predict that NorthWestern will post 3.75 earnings per share for the current year.

Institutional Trading of NorthWestern

A number of hedge funds and other institutional investors have recently made changes to their positions in NWE. GAMMA Investing LLC lifted its position in shares of NorthWestern by 4.8% in the second quarter. GAMMA Investing LLC now owns 3,981 shares of the company’s stock worth $285,000 after purchasing an additional 182 shares in the last quarter. Bank of America Corp DE grew its position in NorthWestern by 4.8% in the first quarter. Bank of America Corp DE now owns 803,467 shares of the company’s stock valued at $52,981,000 after purchasing an additional 36,747 shares in the last quarter. Janus Henderson Group PLC increased its stake in NorthWestern by 29.2% in the 1st quarter. Janus Henderson Group PLC now owns 76,104 shares of the company’s stock valued at $5,015,000 after buying an additional 17,200 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in NorthWestern by 20.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,646 shares of the company’s stock valued at $174,000 after buying an additional 458 shares during the last quarter. Finally, California State Teachers Retirement System increased its stake in NorthWestern by 23.8% in the 1st quarter. California State Teachers Retirement System now owns 75,303 shares of the company’s stock valued at $4,965,000 after buying an additional 14,478 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

About NorthWestern

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.