Broadcom named strategic vendor for Walmart virtualization solutions
In a recent transaction disclosed in an SEC filing, Ide Britt E, a director at NorthWestern Energy Group, Inc. (NASDAQ:NWE), sold 702 shares of common stock. The $3.33 billion market cap utility company currently trades at a P/E ratio of 14.9 and, according to InvestingPro analysis, appears to be fairly valued. The shares were sold at an average price of $54.32 each, amounting to a total transaction value of $38,132. Following this sale, Britt holds 11,021 shares in the company, which includes shares acquired through dividend reinvestment. InvestingPro data shows NorthWestern Energy has maintained an impressive track record of raising dividends for 20 consecutive years, currently offering a 4.81% yield. Discover more insights about NWE and access detailed analysis in the comprehensive Pro Research Report, available with an InvestingPro subscription.
In other recent news, Northwestern Corp. has been at the center of several significant developments. The company unveiled its 2025 Annual Incentive Plan, aimed at providing incentive compensation to officers and eligible employees, based on metrics such as financial performance, safety, reliability, and customer satisfaction. Meanwhile, Barclays (LON:BARC) analyst Nicholas Campanella revised Northwestern’s stock price target to $56.00 from $57.00, maintaining an Overweight rating despite the company’s long-term earnings per share growth projection falling short of market expectations. However, Barclays remains optimistic about Northwestern’s potential to surpass growth estimates by 2027, citing the company’s attractive valuation and strategic plans.
Additionally, Ladenburg Thalmann upgraded Northwestern’s stock from Neutral to Buy, setting a price target of $57.50. This upgrade is attributed to the company’s recent agreements to provide electric supply to new data centers, which are expected to commence operations in 2026 and 2027. These agreements represent a substantial growth opportunity, with significant energy loads anticipated to enhance Northwestern’s portfolio. Barclays also upgraded its outlook on Northwestern, highlighting the importance of a new 50MW data-center customer, which is expected to expand to 250MW by 2029.
The analyst from Barclays noted that Northwestern’s stock is trading at a discount compared to its peers, with no equity needs anticipated over the next five years. The company’s dividend yield of 5% is considered attractive, and the potential for additional data center agreements could further boost its financial outlook. These recent developments indicate a positive trajectory for Northwestern, supported by strategic initiatives and new business opportunities.
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