NorthWestern (NASDAQ:NWE) Trading Down 2.2% – Should You Sell?

NorthWestern Corporation (NASDAQ:NWE)’s share price fell 2.2% during trading on Friday . The stock traded as low as $62.48 and last traded at $62.82. 1,552,898 shares changed hands during trading, an increase of 159% from the average session volume of 600,636 shares. The stock had previously closed at $64.24.

Wall Street Analyst Weigh In

NWE has been the topic of a number of research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of NorthWestern in a report on Monday, December 15th. Wells Fargo & Company upgraded NorthWestern to a “hold” rating in a research report on Tuesday, October 28th. Finally, Barclays upgraded shares of NorthWestern to a “strong-buy” rating in a report on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $56.00.

NorthWestern Stock Performance

The firm has a market cap of $3.86 billion, a price-to-earnings ratio of 17.80, a price-to-earnings-growth ratio of 2.55 and a beta of 0.35. The firm’s 50 day moving average is $64.10 and its 200-day moving average is $58.00. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.45 and a current ratio of 0.65.

NorthWestern (NASDAQ:NWE) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.04. NorthWestern had a return on equity of 7.56% and a net margin of 13.82%.The business had revenue of $386.95 million for the quarter, compared to analyst estimates of $380.96 million.

About NorthWestern

NorthWestern Corporation (NASDAQ: NWE) is a regulated energy company that delivers electricity and natural gas to residential, commercial and industrial customers. Through its Electric Operations and Gas Operations segments, the company operates an extensive network of distribution lines, substations and pipelines. NorthWestern’s services encompass the delivery of power sourced from regional transmission systems and the procurement, storage and distribution of natural gas to end users.

Electric delivery services include the management of distribution infrastructure, customer metering and system reliability programs.