Trade-Ideas LLC identified

NorthWestern

(

NWE

) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified NorthWestern as such a stock due to the following factors:

  • NWE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $13.6 million.
  • NWE traded 36,550 shares today in the pre-market hours as of 9:13 AM, representing 14% of its average daily volume.

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More details on NWE:

NorthWestern Corporation, doing business as NorthWestern Energy, provides electricity and natural gas to residential, commercial, and industrial customers in Montana, South Dakota, and Nebraska, the United States. It operates through Electric Operations and Natural Gas Operations segments. The stock currently has a dividend yield of 3.6%. NWE has a PE ratio of 16. Currently there is 1 analyst that rates NorthWestern a buy, 1 analyst rates it a sell, and 3 rate it a hold.

The average volume for NorthWestern has been 348,300 shares per day over the past 30 days. NorthWestern has a market cap of $2.5 billion and is part of the utilities sector and utilities industry. The stock has a beta of 0.73 and a short float of 8.8% with 14.05 days to cover. Shares are down 5.9% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates NorthWestern as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and reasonable valuation levels. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

Highlights from the ratings report include:

  • NWE's revenue growth has slightly outpaced the industry average of 7.5%. Since the same quarter one year prior, revenues slightly increased by 0.1%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period. Although other factors naturally played a role, the company's strong earnings growth was key. Looking ahead, unless broad bear market conditions prevail, we still see more upside potential for this stock, despite the fact that it has already risen over the past year.
  • NORTHWESTERN CORP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, NORTHWESTERN CORP increased its bottom line by earning $2.99 versus $2.45 in the prior year. This year, the market expects an improvement in earnings ($3.17 versus $2.99).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Multi-Utilities industry. The net income increased by 299.9% when compared to the same quarter one year prior, rising from $7.75 million to $30.97 million.

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