An Analysis of NorthWestern Corporation (NWE)’s Potential Price Growth


In a filing, NorthWestern Corporation revealed its Director Ide Britt E unloaded Company’s shares for reported $86505.0 on Feb 23. In the deal valued at $57.67 per share,1,500 shares were sold. As a result of this transaction, Ide Britt E now holds 11,201 shares worth roughly $ 0.65 million.

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Then, Schroeppel Bobbi L sold 900 shares, generating $47,979 in total proceeds. Upon selling the shares at $53.31, the VP HR, CC & Comm now owns 26,877 shares.

Before that, BIRD BRIAN B sold 6,800 shares. NorthWestern Corporation shares valued at $357,068 were divested by the President and COO at a price of $52.51 per share. As a result of the transaction, BIRD BRIAN B now holds 108,462 shares, worth roughly $6.27 million.

Guggenheim downgraded its NorthWestern Corporation [NWE] rating to a Sell from a a Neutral in a research note published on Tuesday, January 23, 2023; the price target was decreased to $46 from $48. PT values the company’s stock at a premium of -25.61 to its Tuesday closing price. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in early November with a ‘”a Neutral”‘ rating. BofA Securities also remained covering NWE and has increased its forecast on September 29, 2022 with a “Buy” recommendation from previously “an Underperform” rating. BofA Securities revised its rating on May 31, 2022. It rated NWE as “an Underperform” which previously was an “a Neutral”.

Price Performance Review of NWE

On Tuesday, NorthWestern Corporation [NASDAQ:NWE] saw its stock fall -0.21% to $57.78. On the same session, the stock had its day’s lowest price of $57.46, but rose to a high of $58.80. Over the last five days, the stock has lost -0.53%. NorthWestern Corporation shares have fallen nearly -2.63% since the year began. Nevertheless, the stocks have fallen -4.15% over the past one year. While a 52-week high of $63.06 was reached on 01/04/23, a 52-week low of $48.68 was recorded on 01/20/23. SMA at 50 days reached $57.57, while 200 days put it at $56.04. A total of 0.68 million shares were traded, compared to the trading of 0.3 million shares in the previous session.

Levels Of Support And Resistance For NWE Stock

The 24-hour chart illustrates a support level at 57.23, which if violated will result in even more drops to 56.67. On the upside, there is a resistance level at 58.57. A further resistance level may holdings at 59.35. The Relative Strength Index (RSI) on the 14-day chart is 53.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 29.66%. Stochastics %K at 70.92% indicates the stock is a holding.

How much short interest is there in NorthWestern Corporation?

A steep rise in short interest was recorded in NorthWestern Corporation stocks on Jan 12, 2023, growing by 0.17 million shares to a total of 0.88 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 0.71 million shares. There was a rise of 19.21%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.95% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.54.

NorthWestern Corporation [NWE] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 7,831,919 shares, or roughly 13.56% of the outstanding NWE shares. In other words, the investor’s shares have risen by 261,439 from its previous 13-F filing of 7570480.0. Additionally, The Vanguard Group, Inc. increased 4.76% of its stake after which the total value it holdings stand at $349,143,920, while American Century Investment Manag added 2.91% of its stake to hold $197.93 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 131,243 shares of NorthWestern Corporation, while Victory Capital Management, Inc. bought 660,491 shares. At present, Fuller & Thaler Asset Management, is holding 1,698,856 shares valued at $96.5 million. JPMorgan Investment Management, I owned 1,588,847 shares of the company at the time of its most recent 13F filing, worth $90.25 million.

According to FactSet, NorthWestern Corporation’s share price will average $57.71 in the next year, based on opinions of analysts polled by the firm. This is down nearly -1.55 percent from its previous closing price of $57.90. Analysts expect NorthWestern Corporation stock to reach the higher price of $68.00, while the lowest price estimate is $46.00. However, 7 analysts have rated NWE stock as a Hold in their predictions for 2023.


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