Personal Capital Advisors Corp lifted its position in NorthWestern Corp (NYSE:NWE) by 7.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 74,630 shares of the utilities provider’s stock after purchasing an additional 5,436 shares during the period. Personal Capital Advisors Corp owned 0.15% of NorthWestern worth $4,378,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in NWE. BlackRock Inc. lifted its holdings in NorthWestern by 1.5% during the second quarter. BlackRock Inc. now owns 6,867,952 shares of the utilities provider’s stock worth $393,190,000 after buying an additional 100,609 shares during the period. American Century Companies Inc. lifted its holdings in NorthWestern by 7.9% during the second quarter. American Century Companies Inc. now owns 2,745,613 shares of the utilities provider’s stock worth $157,186,000 after buying an additional 201,257 shares during the period. Bank of New York Mellon Corp lifted its holdings in NorthWestern by 3.7% during the second quarter. Bank of New York Mellon Corp now owns 1,393,956 shares of the utilities provider’s stock worth $79,803,000 after buying an additional 49,891 shares during the period. Macquarie Group Ltd. lifted its holdings in NorthWestern by 11.2% during the second quarter. Macquarie Group Ltd. now owns 1,139,707 shares of the utilities provider’s stock worth $65,249,000 after buying an additional 115,180 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in NorthWestern by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,043,011 shares of the utilities provider’s stock worth $59,712,000 after buying an additional 30,163 shares during the period. Hedge funds and other institutional investors own 95.31% of the company’s stock.
A number of analysts have weighed in on NWE shares. Credit Suisse Group upped their target price on NorthWestern from $54.00 to $55.00 and gave the stock a “$58.28” rating in a report on Thursday, July 19th. Zacks Investment Research upgraded NorthWestern from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a report on Saturday, June 16th. Barclays started coverage on NorthWestern in a report on Tuesday, July 10th. They set an “equal weight” rating and a $60.00 target price for the company. ValuEngine upgraded NorthWestern from a “sell” rating to a “hold” rating in a report on Monday, July 2nd. Finally, Wells Fargo & Co upped their target price on NorthWestern from $59.00 to $61.00 and gave the stock a “market perform” rating in a report on Monday, September 17th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $59.60.
NorthWestern stock opened at $61.08 on Thursday. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 1.07. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 18.83, a P/E/G ratio of 7.51 and a beta of 0.09. NorthWestern Corp has a twelve month low of $50.01 and a twelve month high of $64.47.
NorthWestern (NYSE:NWE) last issued its quarterly earnings results on Thursday, July 19th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.43. The business had revenue of $261.82 million for the quarter, compared to the consensus estimate of $286.14 million. NorthWestern had a return on equity of 10.28% and a net margin of 14.84%. The business’s quarterly revenue was down 7.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.47 earnings per share. Analysts anticipate that NorthWestern Corp will post 3.45 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 14th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date was Thursday, September 13th. NorthWestern’s payout ratio is presently 66.67%.
In other news, VP Curtis T. Pohl sold 1,200 shares of the company’s stock in a transaction on Friday, July 27th. The stock was sold at an average price of $58.73, for a total transaction of $70,476.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.40% of the company’s stock.
NorthWestern Corporation, doing business as NorthWestern Energy, provides electricity and natural gas to residential, commercial, and industrial customers. The company operates through Electric Operations and Natural Gas Operations segments. It generates, transmits, and distributes electricity; and produces, stores, transmits, and distributes natural gas, as well as owns municipal franchises to provide natural gas service in the communities.
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