NorthWestern Corporation (NASDAQ:NWE) Shareholders to Get $0.67 Quarterly Dividend

NorthWestern Corporation (NASDAQ:NWE) declared a quarterly dividend on Wednesday, November 4th. Investors of record on Tuesday, November 17th will be paid a dividend of $0.67 per share on Tuesday, December 1st. This represents a $2.68 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, November 17th.

NorthWestern has a dividend payout ratio of 69.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect NorthWestern to earn $3.96 per share next year, which means the company should continue to be able to cover its $2.68 annual dividend with an expected future payout ratio of 67.7%.

NorthWestern Trading Down 0.1%

NASDAQ NWE traded down $0.09 on Thursday, reaching $81.91. The company had a trading volume of 186,411 shares, compared to its average volume of 515,680. The stock’s 50 day moving average is $72.57 and its 200-day moving average is $70.61. NorthWestern has a 52 week low of $60.83 and a 52 week high of $84.18. The stock has a market cap of $5.04 billion, a price-to-earnings ratio of 29.53, a PEG ratio of 4.13 and a beta of 0.29. The company has a quick ratio of 0.58, a current ratio of 0.83 and a debt-to-equity ratio of 1.19.

NorthWestern (NASDAQ:NWE) last issued its earnings results on Wednesday, November 4th. The company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.15). The firm had revenue of $427.00 million during the quarter. NorthWestern had a net margin of 10.13% and a return on equity of 8.03%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.79 earnings per share. Equities analysts predict that NorthWestern will post 3.71 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Rockefeller Capital Management L.P. grew its stake in NorthWestern by 418.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,280 shares of the company’s stock valued at $83,000 after purchasing an additional 1,033 shares during the period. Compass Financial Management LLC purchased a new position in shares of NorthWestern in the 2nd quarter worth about $137,000. EverSource Wealth Advisors LLC boosted its holdings in shares of NorthWestern by 20.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,646 shares of the company’s stock worth $174,000 after buying an additional 458 shares during the last quarter. Farther Finance Advisors LLC grew its position in NorthWestern by 8.2% during the third quarter. Farther Finance Advisors LLC now owns 2,635 shares of the company’s stock valued at $180,000 after buying an additional 199 shares during the period. Finally, Parallel Advisors LLC increased its holdings in NorthWestern by 7.2% during the third quarter. Parallel Advisors LLC now owns 2,883 shares of the company’s stock worth $197,000 after buying an additional 194 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

NorthWestern Company Profile

NorthWestern Energy Group, Inc, doing business as NorthWestern Energy, is a regulated electric and natural gas utility headquartered in Sioux Falls, South Dakota. The company generates, purchases, transmits and distributes electricity, and provides natural gas distribution and related services to residential, commercial, industrial and agricultural customers.

NorthWestern Energy serves customers primarily in Montana, South Dakota and Nebraska. Its operations include electric generation facilities and transmission and distribution networks, as well as natural gas pipelines and distribution systems.