Neuburgh Advisers LLC decreased its holdings in shares of NorthWestern Corp (NYSE:NWE) by 0.3% in the first quarter, HoldingsChannel reports. The firm owned 55,182 shares of the utilities provider’s stock after selling 170 shares during the period. Neuburgh Advisers LLC’s holdings in NorthWestern were worth $3,886,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in NWE. Parallel Advisors LLC increased its stake in shares of NorthWestern by 41.3% during the fourth quarter. Parallel Advisors LLC now owns 571 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 167 shares in the last quarter. Berman Capital Advisors LLC grew its holdings in shares of NorthWestern by 62.8% during the first quarter. Berman Capital Advisors LLC now owns 529 shares of the utilities provider’s stock valued at $37,000 after buying an additional 204 shares during the last quarter. Ellis Investment Partners LLC purchased a new stake in shares of NorthWestern during the first quarter valued at approximately $40,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of NorthWestern during the fourth quarter valued at approximately $66,000. Finally, Quadrant Capital Group LLC grew its holdings in shares of NorthWestern by 316.3% during the first quarter. Quadrant Capital Group LLC now owns 2,040 shares of the utilities provider’s stock valued at $141,000 after buying an additional 1,550 shares during the last quarter. 95.96% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:NWE traded up $1.01 during trading on Wednesday, reaching $72.94. 6,247 shares of the stock traded hands, compared to its average volume of 317,388. NorthWestern Corp has a 52-week low of $51.85 and a 52-week high of $74.47. The company has a quick ratio of 0.69, a current ratio of 0.83 and a debt-to-equity ratio of 1.06. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 21.50, a PEG ratio of 6.73 and a beta of 0.30.
NorthWestern (NYSE:NWE) last posted its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $1.23 EPS for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.05. NorthWestern had a net margin of 17.11% and a return on equity of 9.80%. The firm had revenue of $384.22 million for the quarter. As a group, sell-side analysts anticipate that NorthWestern Corp will post 3.59 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Thursday, June 13th. NorthWestern’s dividend payout ratio is currently 67.85%.
NWE has been the topic of a number of recent analyst reports. Bank of America reiterated an “underperform” rating and set a $55.00 price target on shares of NorthWestern in a report on Thursday, March 14th. Barclays cut shares of NorthWestern from an “equal weight” rating to an “underweight” rating and increased their price target for the company from $62.00 to $65.00 in a report on Wednesday, March 20th. Zacks Investment Research upgraded shares of NorthWestern from a “hold” rating to a “strong-buy” rating and set a $80.00 price target on the stock in a report on Wednesday, April 17th. Credit Suisse Group cut their price target on shares of NorthWestern from $60.00 to $56.00 and set an “underperform” rating on the stock in a report on Wednesday, February 13th. Finally, Williams Capital reiterated a “sell” rating on shares of NorthWestern in a report on Monday, March 18th. Four investment analysts have rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $64.00.
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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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