Mizuho Analyst Anthony Crowdell Upholds Neutral Rating on NorthWestern, Adjusts Price Target on July 21, 2023

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NORTHWESTERN ($NASDAQ:NWE): On July 21, 2023, Anthony Crowdell, an analyst from Mizuho, upheld his Neutral rating on NorthWestern and adjusted the price target. It operates primarily in the business areas of electric and natural gas utility, regulated operations, and non-regulated businesses. It also generates and distributes electricity from hydroelectric, coal, and natural gas plants, as well as wind and solar projects. NorthWestern has been consistently ranked among the top utilities for customer service satisfaction and operational excellence.

Price History

The stock opened at $57.5 and closed at $57.6, a 0.4% increase from the previous closing price of $57.4. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Northwestern Corporation. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Northwestern Corporation. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Northwestern Corporation. More…

Key Ratios Snapshot

Some of the financial key ratios for Northwestern Corporation are shown below. More…

Analysis

At GoodWhale, we have conducted an extensive analysis of NORTHWESTERN CORPORATION‘s fundamentals. After careful evaluation, we have determined that NORTHWESTERN CORPORATION is a medium risk investment in terms of financial and business aspects. We have detected two risk warnings in the income sheet and balance sheet. If you are considering investing in NORTHWESTERN CORPORATION, it is important to understand the risks associated with this investment. To access more specific details on these risk warnings, become a registered user on our platform. More…

Peers

In the utilities industry, Northwestern Corp faces significant competition from MGE Energy Inc, South Jersey Industries Inc, and Unitil Corp. All four companies are engaged in providing electric and/or gas service to customers in the United States.

– MGE Energy Inc ($NASDAQ:MGEE)

MGE Energy Inc. is a holding company that operates through its subsidiaries. The company provides electric service to approximately 140,000 customers in Dane County, Wisconsin, United States. It also generates and distributes electricity to approximately 26,000 customers in the city of Sun Prairie, Wisconsin; and provides natural gas service to approximately 31,000 customers in Dane County, Wisconsin. Additionally, the company owns and operates a power plant with a capacity of approximately 2,292 megawatts.

– South Jersey Industries Inc ($NYSE:SJI)

South Jersey Industries, Inc. is an energy services holding company. The Company’s subsidiaries include South Jersey Gas Company, South Jersey Energy Company, South Jersey Resources Group, LLC, South Jersey Exploration, LLC, South Jersey Industries International, Inc. and South Jersey Industries Service Corporation.

– Unitil Corp ($NYSE:UTL)

The company’s market capitalization is $786.38 million as of 2022 and its return on equity is 10.69%. The company manufactures and sells plastic resins and products, including plastics used in food packaging, medical devices, and electronics. It has operations in the United States, Canada, Europe, and Asia.

Summary

An analyst from Mizuho has recently provided an investment analysis of NorthWestern Corporation, maintaining a Neutral rating. The analyst’s adjusted price target for the company reflects further analysis of the company’s financials and market position. NorthWestern Corporation is an American energy delivery company, providing electricity and natural gas to customers in the upper Midwest and Northwest regions of the United States. The analyst’s investment analysis is based on the company’s growth potential, current financial health and future outlook.