Northwestern (NWE) Reaches $55.40 1 Year Low; Putnam Managed Municipal Income Trust (PMM) Sentiment Is 2.17

January 14, 2018 - By Marguerite Chambers

The stock of Northwestern Corporation (NYSE:NWE) hit a new 52-week low and has $53.18 target or 4.00% below today’s $55.40 share price. The 6 months bearish chart indicates high risk for the $2.69B company. The 1-year low was reported on Jan, 14 by Barchart.com. If the $53.18 price target is reached, the company will be worth $107.68M less. The stock decreased 1.21% or $0.68 during the last trading session, reaching $55.4. About 288,803 shares traded. Northwestern Corporation (NYSE:NWE) has risen 6.36% since January 14, 2017 and is uptrending. It has underperformed by 10.34% the S&P500.

The stock decreased 0.14% or $0.01 during the last trading session, reaching $7.35. About 119,185 shares traded or 7.64% up from the average. Putnam Managed Municipal Income Trust (PMM) has declined 3.13% since January 14, 2017 and is downtrending. It has underperformed by 19.83% the S&P500.

NorthWestern Corporation, doing business as NorthWestern Energy, provides electricity and natural gas to residential, commercial, and industrial clients in Montana, South Dakota, and Nebraska, the United States. The company has market cap of $2.69 billion. It operates through Electric Operations and Natural Gas Operations divisions. It has a 16.89 P/E ratio. The firm generates, transmits, and distributes electricity; and produces, stores, transmits, and distributes natural gas, as well as has municipal franchises to purchase, transport, and distribute natural gas.

Among 5 analysts covering Northwestern Corp (NYSE:NWE), 0 have Buy rating, 2 Sell and 3 Hold. Therefore 0 are positive. Northwestern Corp had 11 analyst reports since October 21, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Credit Suisse given on Wednesday, January 25. Credit Suisse downgraded Northwestern Corporation (NYSE:NWE) on Monday, July 24 to “Underperform” rating. KeyBanc Capital Markets maintained Northwestern Corporation (NYSE:NWE) on Wednesday, October 18 with “Hold” rating. The firm has “Hold” rating given on Friday, April 28 by Williams Capital Group. Mizuho initiated it with “Neutral” rating and $65 target in Thursday, March 31 report. The rating was downgraded by Ladenburg Thalmann to “Neutral” on Wednesday, October 21. The stock of Northwestern Corporation (NYSE:NWE) earned “Hold” rating by Williams Capital Group on Wednesday, July 5. The company was downgraded on Monday, July 31 by Williams Capital Group. The firm has “Neutral” rating given on Thursday, October 20 by Mizuho. Credit Suisse maintained the stock with “Underperform” rating in Friday, November 10 report.

Analysts await Northwestern Corporation (NYSE:NWE) to report earnings on February, 15. They expect $1.02 earnings per share, up 6.25% or $0.06 from last year’s $0.96 per share. NWE’s profit will be $49.56 million for 13.58 P/E if the $1.02 EPS becomes a reality. After $0.75 actual earnings per share reported by Northwestern Corporation for the previous quarter, Wall Street now forecasts 36.00% EPS growth.

Robinson Capital Management Llc holds 2.15% of its portfolio in Putnam Managed Municipal Income Trust for 634,895 shares. Macroview Investment Management Llc owns 14,792 shares or 0.56% of their US portfolio. Moreover, Goodwin Daniel L has 0.34% invested in the company for 101,112 shares. The Washington-based Tradewinds Capital Management Llc has invested 0.29% in the stock. Newman Dignan & Sheerar Inc., a Rhode Island-based fund reported 36,351 shares.

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