NorthWestern (NASDAQ:NWE) Downgraded to “Strong Sell” Rating by Wells Fargo & Company

NorthWestern (NASDAQ:NWE) was downgraded by equities research analysts at Wells Fargo & Company from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday,Zacks.com reports.

Other analysts have also issued research reports about the stock. Weiss Ratings restated a “buy (b)” rating on shares of NorthWestern in a research report on Monday, December 29th. Barclays raised NorthWestern to a “strong-buy” rating in a research note on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, NorthWestern currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.00.

NorthWestern Stock Performance

NASDAQ NWE opened at $67.84 on Tuesday. The business has a fifty day moving average of $66.11 and a 200-day moving average of $60.21. NorthWestern has a fifty-two week low of $50.46 and a fifty-two week high of $69.23. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 19.22, a price-to-earnings-growth ratio of 2.63 and a beta of 0.35. The company has a quick ratio of 0.45, a current ratio of 0.65 and a debt-to-equity ratio of 1.06.

NorthWestern (NASDAQ:NWE) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.04. The company had revenue of $386.95 million for the quarter, compared to analysts’ expectations of $380.96 million. NorthWestern had a net margin of 13.82% and a return on equity of 7.56%.

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.