Q1 2021 EPS Estimates for NorthWestern Co. (NASDAQ:NWE) Raised by KeyCorp


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NorthWestern Co. (NASDAQ:NWE) – Research analysts at KeyCorp raised their Q1 2021 earnings estimates for NorthWestern in a report released on Friday, April 16th. KeyCorp analyst S. Karp now anticipates that the company will post earnings of $1.20 per share for the quarter, up from their previous forecast of $1.12. KeyCorp has a “Overweight” rating and a $70.00 price target on the stock. KeyCorp also issued estimates for NorthWestern’s Q4 2021 earnings at $1.34 EPS, FY2021 earnings at $3.55 EPS and FY2025 earnings at $4.29 EPS.

NorthWestern (NASDAQ:NWE) last announced its quarterly earnings data on Wednesday, February 10th. The company reported $1.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.35 by ($0.14). The firm had revenue of $313.45 million for the quarter. NorthWestern had a return on equity of 8.05% and a net margin of 13.32%.

A number of other research analysts also recently weighed in on the company. Bank of America raised NorthWestern from an “underperform” rating to a “neutral” rating and set a $62.00 price target on the stock in a research note on Monday, March 29th. Zacks Investment Research cut NorthWestern from a “hold” rating to a “sell” rating in a report on Saturday, February 20th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $66.00 target price (up previously from $60.00) on shares of NorthWestern in a research note on Monday. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $64.50.

Shares of NWE stock opened at $70.33 on Monday. The firm’s 50 day moving average price is $64.40 and its two-hundred day moving average price is $59.16. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.43 and a current ratio of 0.57. NorthWestern has a 52-week low of $47.43 and a 52-week high of $70.53. The stock has a market cap of $3.56 billion, a PE ratio of 22.05, a PEG ratio of 4.94 and a beta of 0.35.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Monday, March 15th were issued a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, March 12th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.53%. This is an increase from NorthWestern’s previous quarterly dividend of $0.60. NorthWestern’s dividend payout ratio (DPR) is currently 72.51%.

In related news, VP Curtis T. Pohl sold 3,500 shares of the stock in a transaction that occurred on Friday, March 5th. The stock was sold at an average price of $60.37, for a total transaction of $211,295.00. Also, VP H. Grahame Heather sold 7,979 shares of the firm’s stock in a transaction dated Monday, March 1st. The shares were sold at an average price of $59.53, for a total transaction of $474,989.87. The disclosure for this sale can be found here. Insiders have sold 17,179 shares of company stock valued at $1,024,772 in the last three months. Insiders own 1.17% of the company’s stock.

Several institutional investors have recently bought and sold shares of NWE. BlackRock Inc. grew its position in NorthWestern by 3.5% in the fourth quarter. BlackRock Inc. now owns 7,085,297 shares of the company’s stock valued at $413,143,000 after acquiring an additional 242,055 shares during the last quarter. JPMorgan Chase & Co. increased its position in NorthWestern by 2.3% during the 4th quarter. JPMorgan Chase & Co. now owns 2,554,666 shares of the company’s stock worth $148,963,000 after purchasing an additional 57,543 shares in the last quarter. Victory Capital Management Inc. lifted its stake in NorthWestern by 1.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,227,744 shares of the company’s stock valued at $71,590,000 after purchasing an additional 17,952 shares during the last quarter. Bank of New York Mellon Corp boosted its position in NorthWestern by 11.3% in the fourth quarter. Bank of New York Mellon Corp now owns 1,099,415 shares of the company’s stock valued at $64,106,000 after buying an additional 111,328 shares in the last quarter. Finally, GW&K Investment Management LLC grew its stake in shares of NorthWestern by 12.6% during the fourth quarter. GW&K Investment Management LLC now owns 671,275 shares of the company’s stock worth $39,142,000 after buying an additional 75,350 shares during the last quarter. 94.42% of the stock is owned by institutional investors.

About NorthWestern

NorthWestern Corp. engages in generating and distributing electricity and natural gas. It operates through the following segments: Electric Utility Operations, Natural Gas Operations, and All Other. The Electric Utility Operations segment includes generation, transmission, and distribution of electric utility business as a vertically integrated generation transmission and distribution utility.

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