WINTON GROUP Ltd Takes Position in NorthWestern Corporation $NWE

WINTON GROUP Ltd purchased a new stake in NorthWestern Corporation (NASDAQ:NWE) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 12,073 shares of the company’s stock, valued at approximately $779,000.

Other hedge funds also recently made changes to their positions in the company. Allworth Financial LP grew its position in shares of NorthWestern by 263.3% in the third quarter. Allworth Financial LP now owns 436 shares of the company’s stock valued at $26,000 after purchasing an additional 316 shares in the last quarter. IFP Advisors Inc grew its position in shares of NorthWestern by 142.0% in the fourth quarter. IFP Advisors Inc now owns 455 shares of the company’s stock valued at $29,000 after purchasing an additional 267 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in NorthWestern by 3,221.4% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 465 shares of the company’s stock valued at $27,000 after purchasing an additional 451 shares during the period. Clearstead Advisors LLC grew its position in shares of NorthWestern by 1,220.0% during the 3rd quarter. Clearstead Advisors LLC now owns 528 shares of the company’s stock valued at $31,000 after purchasing an additional 488 shares in the last quarter. Finally, PenderFund Capital Management Ltd. purchased a new position in shares of NorthWestern during the 3rd quarter valued at $37,000. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company reiterated an “underweight” rating and issued a $54.00 price objective on shares of NorthWestern in a research report on Tuesday, April 21st. Barclays boosted their target price on NorthWestern from $62.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, April 20th. Wall Street Zen upgraded NorthWestern to a “hold” rating in a research report on Saturday, April 25th. Weiss Ratings restated a “buy (b-)” rating on shares of NorthWestern in a research report on Tuesday, May 26th. Finally, BMO Capital Markets boosted their target price on NorthWestern from $65.00 to $70.00 and gave the stock a “market perform” rating in a research report on Friday, February 13th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, NorthWestern has a consensus rating of “Hold” and an average target price of $68.30.

NorthWestern Trading Up 6.2%

Shares of NWE stock opened at $69.72 on Thursday. The company has a quick ratio of 0.52, a current ratio of 0.70 and a debt-to-equity ratio of 1.10. The business has a 50-day moving average price of $70.66 and a two-hundred day moving average price of $68.41. NorthWestern Corporation has a 12-month low of $50.46 and a 12-month high of $75.18. The firm has a market cap of $4.29 billion, a P/E ratio of 25.63, a price-to-earnings-growth ratio of 3.47 and a beta of 0.34.

NorthWestern (NASDAQ:NWE) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.02. The firm had revenue of $516.60 million during the quarter. NorthWestern had a return on equity of 7.80% and a net margin of 10.21%.The company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period last year, the firm earned $1.22 EPS. Equities analysts anticipate that NorthWestern Corporation will post 3.75 EPS for the current fiscal year.

NorthWestern Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.67 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.68 annualized dividend and a dividend yield of 3.8%. NorthWestern’s payout ratio is currently 98.53%.

NorthWestern Profile

NorthWestern Corporation (NASDAQ: NWE) is a regulated energy company that delivers electricity and natural gas to residential, commercial and industrial customers. Through its Electric Operations and Gas Operations segments, the company operates an extensive network of distribution lines, substations and pipelines. NorthWestern’s services encompass the delivery of power sourced from regional transmission systems and the procurement, storage and distribution of natural gas to end users.

Electric delivery services include the management of distribution infrastructure, customer metering and system reliability programs.