NorthWestern Energy (NWE)

• Market cap: $3.46B
• Sector: Utilities
• Industry: Electric & Other Services Combined

About: NorthWestern Energy Group Inc provides electricity and natural gas services in the Upper Midwest and Northwest of the U.S. in the states of Montana, South Dakota, Nebraska, and Yellowstone National Park. The company's primary segments include Electric utility operations, which include the generation, purchase, transmission, and distribution of electricity, and Natural Gas utility operations, which include the production, purchase, transmission, storage, and distribution of natural gas. The company uses thermal, wind, hydro, or renewable energy in varying quantities, depending on the location of the facilities, to generate power. The company derives the majority of revenue from Electric utility operations segment.

Employees: 1,573

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

273% more call options, than puts

Call options by funds: $2.48M | Put options by funds: $666K

31% more repeat investments, than reductions

Existing positions increased: 123 | Existing positions reduced: 94

0.32% more ownership

Funds ownership: 95.65% [Q1] → 95.97% (+0.32%) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

1% less funds holding

Funds holding: 296 [Q1] → 294 (-2) [Q2]

1% less capital invested

Capital invested by funds: $2.98B [Q1] → $2.95B (-$38.9M) [Q2]

5% less first-time investments, than exits

New positions opened: 37 | Existing positions closed: 39

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $53 6% downside
• Avg. target: $59 4% upside
• High target: $65 15% upside

5 analyst ratings

• positive: 3 60%
• neutral: 1 20%
• negative: 1 20%

Wells Fargo Jonathan Reeder 55% 1-year accuracy 6 / 11 met price target	8% upside $61	Overweight Maintained	16 Oct 2024
Mizuho Anthony Crowdell 76% 1-year accuracy 22 / 29 met price target	1% downside $56	Neutral Maintained	9 Oct 2024
B of A Securities Ross Fowler 77% 1-year accuracy 10 / 13 met price target	15% upside $65	Buy Reinstated	12 Sept 2024
Barclays Eric Beaumont 54% 1-year accuracy 15 / 28 met price target	6% downside $53	Underweight Maintained	6 Aug 2024
Wells Fargo Jonathan Reeder 55% 1-year accuracy 6 / 11 met price target	3% upside $58	Overweight Maintained	1 Aug 2024