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Here's Why You Should Invest in NorthWestern (NWE) Stock Now

Zacks Equity Research

Earnings estimates for NorthWestern Corporation NWE have been revised upward in the past 60 days, reflecting analysts’ optimism on the stock. The Zacks Consensus Estimate for 2019 and 2020 earnings has moved up 6.2% and 5.5% to $3.59 and $3.64 per share, respectively.

Let’s focus on the factors that make the stock an appropriate pick at the moment.

Zacks Rank & Earnings Surprise History

The stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The company’s average four-quarter positive earnings surprise is 18.74%.

Price Performance

In the past 12 months, shares of the company have rallied 28.1% compared with the industry’s rise of 17.7%.

 

Long-Term Growth& Dividend Yield

The company’s long-term (3 to 5 years) earnings growth is pegged at 3.03%.

Currently, the company has a dividend yield of 3.12% compared with the Zacks S&P 500 composite’s 1.91% and the industry’s 2.76%.

Long-Term Capital Investment

The company plans to invest $1.6 billion during the 2019-2023 time period. The company’s infrastructure investment is focused on a stronger and smarter grid to improve the customer experience, while enhancing grid reliability and safety.

Other Key Picks

Some other top-ranked stocks from the same industry are DTE Energy Co. DTE, FirstEnergy Corp. FE and Black Hills Corp. BKH, each holding a Zacks Rank of 2 (Buy).

DTE Energy pulled off an average positive earnings surprise of 12.24% in the last four quarters. The company’s long-term earnings growth is pegged at 6%

FirstEnergy pulled off an average positive earnings surprise of 5.09% in the last four quarters. The company’s long-term earnings growth is pegged at 6%.

Black Hills delivered an average positive earnings surprise of 5.69% in the last four quarters. The company’s long-term earnings growth is pegged at 4.80%

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FirstEnergy Corporation (FE) : Free Stock Analysis Report
 
DTE Energy Company (DTE) : Free Stock Analysis Report
 
Black Hills Corporation (BKH) : Free Stock Analysis Report
 
NorthWestern Corporation (NWE) : Free Stock Analysis Report
 
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