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

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Earnings estimates for NorthWestern Corporation (NWE - Free Report) 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 - Free Report) , FirstEnergy Corp. (FE - Free Report) and Black Hills Corp. (BKH - Free Report) , 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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