Arizona State Retirement System grew its holdings in shares of NorthWestern Corp (NYSE:NWE) by 27.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,978 shares of the utilities provider’s stock after buying an additional 7,524 shares during the period. Arizona State Retirement System owned approximately 0.07% of NorthWestern worth $2,088,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of NWE. Commonwealth Equity Services Inc lifted its holdings in shares of NorthWestern by 29.9% in the 3rd quarter. Commonwealth Equity Services Inc now owns 4,526 shares of the utilities provider’s stock worth $257,000 after purchasing an additional 1,043 shares in the last quarter. ING Groep NV lifted its holdings in shares of NorthWestern by 23.5% in the 4th quarter. ING Groep NV now owns 7,333 shares of the utilities provider’s stock worth $438,000 after purchasing an additional 1,397 shares in the last quarter. FCA Corp TX lifted its holdings in shares of NorthWestern by 3.8% in the 3rd quarter. FCA Corp TX now owns 39,635 shares of the utilities provider’s stock worth $2,257,000 after purchasing an additional 1,442 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of NorthWestern by 6.4% in the 4th quarter. Victory Capital Management Inc. now owns 26,671 shares of the utilities provider’s stock worth $1,592,000 after purchasing an additional 1,616 shares in the last quarter. Finally, Systematic Financial Management LP lifted its holdings in shares of NorthWestern by 0.4% in the 3rd quarter. Systematic Financial Management LP now owns 391,967 shares of the utilities provider’s stock worth $22,319,000 after purchasing an additional 1,683 shares in the last quarter. Hedge funds and other institutional investors own 94.09% of the company’s stock.
A number of equities analysts recently issued reports on the company. Wells Fargo set a $55.00 target price on NorthWestern and gave the stock a “hold” rating in a report on Wednesday, February 14th. Zacks Investment Research upgraded NorthWestern from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Tuesday, March 27th. Four equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. NorthWestern has a consensus rating of “Sell” and an average target price of $55.40.
In related news, VP Patrick R. Corcoran sold 5,100 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $50.97, for a total value of $259,947.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jan Robert Horsfall sold 1,800 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $57.38, for a total value of $103,284.00. Following the completion of the sale, the director now directly owns 5,155 shares of the company’s stock, valued at $295,793.90. The disclosure for this sale can be found here. Insiders sold a total of 7,900 shares of company stock valued at $414,181 over the last three months. 1.40% of the stock is currently owned by insiders.
Shares of NWE traded down $0.97 during trading hours on Monday, reaching $52.83. The stock had a trading volume of 432,301 shares, compared to its average volume of 504,648. The stock has a market cap of $2,657.57, a P/E ratio of 16.16, a P/E/G ratio of 6.63 and a beta of 0.22. NorthWestern Corp has a 12 month low of $50.01 and a 12 month high of $64.47. The company has a quick ratio of 0.39, a current ratio of 0.47 and a debt-to-equity ratio of 1.01.
NorthWestern (NYSE:NWE) last released its quarterly earnings results on Monday, February 12th. The utilities provider reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.04). The company had revenue of $344.55 million during the quarter. NorthWestern had a net margin of 12.46% and a return on equity of 9.33%. analysts expect that NorthWestern Corp will post 3.42 EPS for the current year.
The business also recently declared a dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 15th were given a $0.55 dividend. The ex-dividend date was Wednesday, March 14th. NorthWestern’s payout ratio is currently 66.67%.
NorthWestern Company Profile
NorthWestern Corporation, doing business as North-Western Energy, provides electricity and natural gas. The Company’s segments are Electric operations, Natural gas operations and All other. As of December 31, 2016, the Company provided electricity and natural gas to approximately 709,600 customers in Montana, South Dakota and Nebraska.
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