JPMorgan Chase & Co. Raises NorthWestern Energy Group (NYSE:NWE) Price Target to $61.00

by · The Markets Daily

NorthWestern Energy Group (NYSE:NWE – Get Free Report) had its price target upped by research analysts at JPMorgan Chase & Co. from $60.00 to $61.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential downside of 10.42% from the stock’s previous close.

NWE has been the topic of several other reports. Barclays increased their price target on shares of NorthWestern Energy Group from $56.00 to $61.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. Wells Fargo & Company assumed coverage on NorthWestern Energy Group in a report on Monday, October 27th. They set an “equal weight” rating and a $58.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, NorthWestern Energy Group has an average rating of “Hold” and an average price target of $59.20.

Read Our Latest Stock Report on NWE

NorthWestern Energy Group Price Performance

Shares of NYSE:NWE traded up $0.25 during trading on Friday, hitting $68.09. 352,204 shares of the stock were exchanged, compared to its average volume of 461,289. The company has a market cap of $4.18 billion, a PE ratio of 18.66, a P/E/G ratio of 2.40 and a beta of 0.35. The company has a current ratio of 0.52, a quick ratio of 0.37 and a debt-to-equity ratio of 0.94. The company has a fifty day moving average price of $63.24 and a two-hundred day moving average price of $57.54. NorthWestern Energy Group has a 12-month low of $50.43 and a 12-month high of $69.23.

NorthWestern Energy Group (NYSE:NWE – Get Free Report) last posted its earnings results on Thursday, October 30th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.04. NorthWestern Energy Group had a return on equity of 7.40% and a net margin of 14.81%.NorthWestern Energy Group’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the business earned $0.65 EPS. On average, analysts forecast that NorthWestern Energy Group will post 3.63 EPS for the current year.

Hedge Funds Weigh In On NorthWestern Energy Group

Several hedge funds and other institutional investors have recently modified their holdings of NWE. Allworth Financial LP grew its stake in NorthWestern Energy Group by 263.3% during the third quarter. Allworth Financial LP now owns 436 shares of the company’s stock worth $26,000 after buying an additional 316 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in shares of NorthWestern Energy Group by 3,221.4% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 465 shares of the company’s stock valued at $27,000 after acquiring an additional 451 shares in the last quarter. Clearstead Advisors LLC boosted its position in NorthWestern Energy Group by 1,220.0% during the 3rd quarter. Clearstead Advisors LLC now owns 528 shares of the company’s stock worth $31,000 after purchasing an additional 488 shares during the period. PenderFund Capital Management Ltd. acquired a new stake in NorthWestern Energy Group in the 3rd quarter valued at $37,000. Finally, Daiwa Securities Group Inc. raised its position in NorthWestern Energy Group by 34.3% in the second quarter. Daiwa Securities Group Inc. now owns 845 shares of the company’s stock valued at $43,000 after purchasing an additional 216 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

About NorthWestern Energy Group

(Get Free Report)

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.

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