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NorthWestern Corporation (NWE)

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Upturn Advisory Summary
12/31/2025: NWE (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $62.2
1 Year Target Price $62.2
| 5 | Strong Buy |
| 1 | Buy |
| 4 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 7.18% | Avg. Invested days 52 | Today’s Advisory WEAK BUY |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.96B USD | Price to earnings Ratio 18.28 | 1Y Target Price 62.2 |
Price to earnings Ratio 18.28 | 1Y Target Price 62.2 | ||
Volume (30-day avg) 10 | Beta 0.36 | 52 Weeks Range 48.49 - 68.56 | Updated Date 12/31/2025 |
52 Weeks Range 48.49 - 68.56 | Updated Date 12/31/2025 | ||
Dividends yield (FY) 4.07% | Basic EPS (TTM) 3.53 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 13.82% | Operating Margin (TTM) 22.44% |
Management Effectiveness
Return on Assets (TTM) 2.76% | Return on Equity (TTM) 7.62% |
Valuation
Trailing PE 18.28 | Forward PE 16.56 | Enterprise Value 7268160706 | Price to Sales(TTM) 2.52 |
Enterprise Value 7268160706 | Price to Sales(TTM) 2.52 | ||
Enterprise Value to Revenue 4.63 | Enterprise Value to EBITDA 11.82 | Shares Outstanding 61407029 | Shares Floating 60940336 |
Shares Outstanding 61407029 | Shares Floating 60940336 | ||
Percent Insiders 0.54 | Percent Institutions 98.14 |
Upturn AI SWOT
NorthWestern Corporation

Company Overview
History and Background
NorthWestern Corporation, incorporated in 1989, is a public utility company. It evolved from the merger of Northwestern Public Service Company and Montana Power Company. The company has a long history of providing essential energy services to its customers across several states.
Core Business Areas
- Electric Utility: Provides electricity to residential, commercial, and industrial customers. This segment includes generation, transmission, and distribution of electricity.
- Natural Gas Utility: Delivers natural gas to residential, commercial, and industrial customers. This segment encompasses the procurement, transportation, and distribution of natural gas.
- Water and Wastewater Utility: Provides water and wastewater services to a limited number of communities. This segment includes the treatment and distribution of potable water and the collection and treatment of wastewater.
Leadership and Structure
NorthWestern Corporation is led by a Board of Directors and a senior management team, including a CEO, CFO, and other executive officers responsible for overseeing the company's operations and strategic direction.
Top Products and Market Share
Key Offerings
- Electricity Delivery: The core service of delivering electricity to a broad customer base. Market share is dictated by regulated service territories, with limited direct competition within these areas for delivery. Competitors for electricity generation and supply may exist in deregulated markets, but NorthWestern primarily operates in regulated environments for distribution. Its customer base numbers in the hundreds of thousands.
- Natural Gas Delivery: The primary service of distributing natural gas. Similar to electricity, market share is largely defined by regulated service areas. Direct competition for gas delivery within these territories is minimal. Competitors for natural gas supply may exist, but NorthWestern's distribution dominance within its regulated areas is strong. Its customer base also numbers in the hundreds of thousands.
- Water and Wastewater Services: Provides essential water and wastewater services in specific communities. Market share in these niche areas is typically monopolistic due to the infrastructure required. Competitors are generally other local municipal or regional water providers if expansion or acquisition occurs.
Market Dynamics
Industry Overview
NorthWestern Corporation operates within the regulated utility sector, characterized by stable demand for essential services (electricity, natural gas, water). The industry is heavily influenced by regulatory bodies, environmental policies, infrastructure investment needs, and evolving energy sources.
Positioning
NorthWestern Corporation is a well-established regional utility provider with significant infrastructure and a loyal customer base within its regulated service territories. Its competitive advantage lies in its established presence, long-term contracts for energy supply, and the inherent barriers to entry in the regulated utility market.
Total Addressable Market (TAM)
The TAM for NorthWestern Corporation is defined by the geographical areas it serves and the number of households and businesses requiring its utility services. While difficult to assign a precise dollar value to the TAM without granular regional data, it represents the total potential revenue from electricity, natural gas, and water services within its operating regions. NorthWestern is a dominant player within its defined TAM, holding significant market share in its service territories.
Upturn SWOT Analysis
Strengths
- Stable and predictable revenue streams from regulated utility operations.
- Strong market position within its defined service territories.
- Essential nature of its services, providing resilience during economic downturns.
- Experienced management team with a track record in the utility sector.
- Established infrastructure and distribution networks.
Weaknesses
- Limited opportunities for significant organic growth outside of existing service areas.
- Dependence on regulatory approvals for rate increases and capital projects.
- Exposure to fluctuations in commodity prices (natural gas, coal) for generation, though often mitigated by hedging and regulatory mechanisms.
- Potential for aging infrastructure requiring substantial capital investment.
- Environmental regulations and compliance costs.
Opportunities
- Investment in renewable energy sources and grid modernization.
- Expansion into new service territories through strategic acquisitions.
- Leveraging technology for operational efficiency and customer service enhancements.
- Demand growth from new residential and commercial development within service areas.
- Government incentives and funding for energy infrastructure upgrades.
Threats
- Changes in environmental regulations and climate change policies impacting energy generation.
- Increased competition from alternative energy providers or technologies (e.g., distributed generation).
- Economic downturns impacting customer demand and ability to pay.
- Cybersecurity threats to critical infrastructure.
- Interest rate hikes increasing the cost of capital for infrastructure investments.
Competitors and Market Share
Key Competitors
- Black Hills Corporation (BKH)
- MDU Resources Group, Inc. (MDU)
- Xcel Energy Inc. (XEL)
Competitive Landscape
NorthWestern Corporation operates in a competitive but largely regulated landscape. While its service territories are protected by regulation, competitors in adjacent or overlapping regions pose indirect competition. NorthWestern's advantages lie in its established infrastructure and strong customer relationships within its core areas. Its disadvantages may include slower adaptation to rapid technological changes compared to more agile, non-regulated energy players.
Growth Trajectory and Initiatives
Historical Growth: NorthWestern Corporation has demonstrated consistent, albeit moderate, historical growth driven by rate increases approved by regulators and organic customer growth within its service territories. Acquisitions have also played a role in expanding its footprint.
Future Projections: Analyst projections suggest continued modest growth, with an anticipated annual EPS growth rate of 4-6% over the next few years, supported by ongoing infrastructure investments and potential strategic acquisitions. Focus on energy transition and grid modernization is expected to be a key driver.
Recent Initiatives: Investments in renewable energy generation projects.,Upgrades to transmission and distribution infrastructure for reliability and resilience.,Exploration of opportunities in energy storage solutions.,Continued focus on operational efficiency and cost management.
Summary
NorthWestern Corporation is a stable, regulated utility provider with a strong market position and predictable revenue streams. Its core business in electricity and natural gas delivery offers resilience. The company needs to vigilantly manage regulatory changes, infrastructure modernization, and the ongoing energy transition to maintain its growth trajectory and competitive edge.
Similar Stocks
Sources and Disclaimers
Data Sources:
- NorthWestern Corporation Investor Relations
- SEC Filings (10-K, 10-Q)
- Financial Data Providers (e.g., Refinitiv, Bloomberg - simulated)
- Industry Research Reports (simulated)
Disclaimers:
This JSON output is generated for informational purposes and is based on publicly available data and simulated financial analysis. It does not constitute financial advice. Investors should conduct their own due diligence before making any investment decisions. Market share data and competitor analysis are estimates based on available information and may not be exhaustive.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About NorthWestern Corporation
Exchange NASDAQ | Headquaters Sioux Falls, SD, United States | ||
IPO Launch date 2007-12-28 | CEO, President & Director Mr. Brian B. Bird | ||
Sector Utilities | Industry Utilities - Regulated Electric | Full time employees 1585 | |
Full time employees 1585 | |||
NorthWestern Energy Group, Inc., doing business as NorthWestern Energy, provides electricity and natural gas to residential, commercial, and various industrial customers. It generates, purchases, transmits, and distributes electricity; and produces, purchases, stores, transmits, and distributes natural gas, as well as owns municipal franchises to provide natural gas service in the communities. The company operates 6,596 miles of electric transmission and 18,794 miles of electric distribution lines with approximately 396 transmission and distribution substations; and 2,133 miles of natural gas transmission and 5,221 miles of natural gas distribution lines with approximately 135 city gate stations in Montana. It also operates 1,349 miles of electric transmission and 2,386 miles of electric distribution lines in South Dakota with approximately 123 transmission and distribution substations; and 55 miles of natural gas transmission, 1,796 miles of natural gas distribution lines in South Dakota, and 830 miles of natural gas distribution lines Nebraska. The company provides electricity and/or natural gas to approximately 787,000 customers in Montana, South Dakota, Nebraska, and Yellowstone National Park. NorthWestern Energy Group, Inc. was founded in 1923 and is based in Sioux Falls, South Dakota.

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