NorthWestern (NASDAQ:NWE) Hits New 52-Week High – Here’s What Happened

Shares of NorthWestern Corporation (NASDAQ:NWE) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $67.17 and last traded at $67.12, with a volume of 686745 shares. The stock had previously closed at $66.16.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NWE. Barclays raised shares of NorthWestern to a “strong-buy” rating in a report on Tuesday, October 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NorthWestern in a research note on Thursday. Finally, Wells Fargo & Company raised NorthWestern to a “hold” rating in a research report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.00.

NorthWestern Trading Up 0.2%

The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.45 and a current ratio of 0.65. The firm has a market cap of $4.01 billion, a PE ratio of 18.50, a price-to-earnings-growth ratio of 2.73 and a beta of 0.42. The stock’s 50 day moving average is $59.38.

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

About NorthWestern

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.