NorthWestern Energy Group (NYSE:NWE) Given New $58.00 Price Target at Wells Fargo & Company

NorthWestern Energy Group (NYSE:NWE) had its price target boosted by stock analysts at Wells Fargo & Company from $54.00 to $58.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target would suggest a potential upside of 8.86% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. StockNews.com raised shares of NorthWestern Energy Group from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. Mizuho boosted their price target on shares of NorthWestern Energy Group from $51.00 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, NorthWestern Energy Group has a consensus rating of “Hold” and an average target price of $52.86.

NorthWestern Energy Group Trading Down 0.9 %

Shares of NWE traded down $0.49 during trading hours on Thursday, hitting $53.28. 23,727 shares of the stock were exchanged, compared to its average volume of 331,483. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.89 and a quick ratio of 0.66. The business has a 50-day moving average of $50.86 and a 200-day moving average of $49.88. NorthWestern Energy Group has a fifty-two week low of $45.97 and a fifty-two week high of $56.76. The firm has a market capitalization of $3.27 billion, a P/E ratio of 16.57 and a beta of 0.45.

NorthWestern Energy Group (NYSE:NWE) last announced its earnings results on Tuesday, July 30th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.05. NorthWestern Energy Group had a net margin of 14.21% and a return on equity of 7.67%. The business had revenue of $319.90 million during the quarter, compared to analyst estimates of $310.40 million. During the same period in the previous year, the business posted $0.35 earnings per share. NorthWestern Energy Group’s revenue for the quarter was up 10.1% on a year-over-year basis. On average, research analysts expect that NorthWestern Energy Group will post 3.52 EPS for the current year.

Insider Activity at NorthWestern Energy Group

In other news, VP John D. Hines sold 1,565 shares of NorthWestern Energy Group stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $51.15, for a total value of $80,049.75. Following the completion of the transaction, the vice president now owns 32,794 shares in the company, valued at approximately $1,677,413.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Britt E. Ide sold 687 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $51.30, for a total value of $35,243.10. Following the transaction, the director now owns 10,640 shares of the company’s stock, valued at $545,832. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP John D. Hines sold 1,565 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $51.15, for a total value of $80,049.75. Following the completion of the transaction, the vice president now directly owns 32,794 shares of the company’s stock, valued at $1,677,413.10. 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

A number of institutional investors have recently made changes to their positions in NWE. Headlands Technologies LLC raised its holdings in shares of NorthWestern Energy Group by 138.1% in the fourth quarter. Headlands Technologies LLC now owns 550 shares of the company’s stock worth $28,000 after acquiring an additional 319 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in NorthWestern Energy Group in the first quarter valued at $28,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in NorthWestern Energy Group in the first quarter valued at $28,000. EntryPoint Capital LLC acquired a new position in NorthWestern Energy Group in the first quarter valued at $33,000. Finally, GAMMA Investing LLC acquired a new position in NorthWestern Energy Group in the fourth quarter valued at $38,000. 96.07% of the stock is owned by institutional investors and hedge funds.

NorthWestern Energy Group Company Profile

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.