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NorthWestern Corporation (NWE) – key numbers that make it a Strong Buy For Now

NorthWestern Corporation (NASDAQ: NWE) is -4.65% lower on its value in year-to-date trading and has touched a low of $53.66 and a high of $65.62 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NWE stock was last observed hovering at around $54.12 in the last trading session, with the day’s gains setting it 0.38% off its average median price target of $60.50 for the next 12 months. It is also 19.85% off the consensus price target high of $68.00 offered by 7 analysts, but current levels are 4.39% higher than the price target low of $57.00 for the same period.

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Currently trading at $54.50, the stock is -5.12% and -7.16% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.44 million and changing 0.70% at the moment leaves the stock -6.35% off its SMA200. NWE registered -11.35% loss for a year compared to 6-month loss of -5.63%. The firm has a 50-day simple moving average (SMA 50) of $4.08 and a 200-day simple moving average (SMA200) of $11.83.

The stock witnessed a -2.63% gain in the last 1 month and extending the period to 3 months gives it a -12.72%, and is -4.87% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.89% over the week and 2.44% over the month.

NorthWestern Corporation (NWE) has around 1483 employees, a market worth around $2.94B and $1.37B in sales. Current P/E ratio is 15.83 and Fwd P/E is 15.57. Profit margin for the company is 13.40%. Distance from 52-week low is 1.57% and -16.95% from its 52-week high. The company has generated returns on investments over the last 12 months (5.60%).

NorthWestern Corporation (NWE) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for NorthWestern Corporation (NWE) is a “Hold”. 7 analysts offering their recommendations for the stock have an average rating of 2.60, where 4 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

NorthWestern Corporation is expected to release its quarterly report on 10/24/2022.The EPS is expected to grow by 17.70% this year.

NorthWestern Corporation (NWE) Top Institutional Holders

The shares outstanding are 54.10M, and float is at 53.64M with Short Float at 2.36%.

NorthWestern Corporation (NWE) Insider Activity

A total of 26 insider transactions have happened at NorthWestern Corporation (NWE) in the last six months, with sales accounting for 5 and purchases happening 21 times. The most recent transaction is an insider sale by Rowe Robert C,the company’sCEO. SEC filings show that Rowe Robert C sold 4,000 shares of the company’s common stock on Jun 15 at a price of $55.82 per share for a total of $0.22 million. Following the sale, the insider now owns 0.2 million shares.

NorthWestern Corporation disclosed in a document filed with the SEC on Mar 07 that Rowe Robert C (CEO) sold a total of 2,000 shares of the company’s common stock. The trade occurred on Mar 07 and was made at $61.64 per share for $0.12 million. Following the transaction, the insider now directly holds 0.2 million shares of the NWE stock.

Still, SEC filings show that on Feb 25, Ide Britt E (Director) disposed off 2,700 shares at an average price of $59.85 for $0.16 million. The insider now directly holds 9,571 shares of NorthWestern Corporation (NWE).

NorthWestern Corporation (NWE): Who are the competitors?

The company’s main competitors (and peers) include Xcel Energy Inc. (XEL) that is trading 2.13% up over the past 12 months and Black Hills Corporation (BKH) that is 7.85% higher over the same period. IDACORP Inc. (IDA) is 3.00% up on the 1-year trading charts.

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