NorthWestern Corp (NWE) is Upgraded by Williams Capital Group to Buy, Price Target at $58

NorthWestern Corp (NWE) was Upgraded by Williams Capital Group to ” Buy” and the brokerage firm has set the Price Target at $58. Earlier the firm had a rating of “Hold ” on the company shares. Williams Capital Group advised their investors in a research report released on Oct 10, 2016.

On the company’s financial health, NorthWestern Corp reported $0.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Jul 22, 2016. Analyst had a consensus of $0.56. The company had revenue of $293.10 million for the quarter, compared to analysts expectations of $320.68 million. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS.

NorthWestern Corp closed down -0.38 points or -0.70% at $54.09 with 4,32,586 shares getting traded on Friday. Post opening the session at $54.76, the shares hit an intraday low of $54.05 and an intraday high of $55.28 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Sep 20, 2016, Robert C Rowe (President & CEO) sold 3,011 shares at $58.00 per share price. According to the SEC, on Aug 4, 2016, Brian B Bird (VP, CFO & Treasurer) sold 9,320 shares at $60.95 per share price. On Jul 29, 2016, Curtis T Pohl (Vice President – Distribution) sold 2,650 shares at $60.48 per share price, according to the Form-4 filing with the securities and exchange commission.

North-Western Corporation doing business as North-Western Energy provides electricity and natural gas. The Company operates its business under segments: Electric operations Natural gas operations and All other which primarily consists of unallocated corporate costs. Electric operations segment consists of an electric utility business in Montana which includes generation transmission and distribution. The Company also transmits electricity for non-regulated entities owning generation facilities other utilities and power marketers serving the Montana electricity market. The Company’s South Dakota electric utility business operates as a vertically integrated generation transmission and distribution utility. Natural gas operations segment consists of a natural gas utility business in Montana which includes production storage transmission and distribution.

NorthWestern Corp

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