Asset Management One Co. Ltd. acquired a new stake in shares of NorthWestern Co. (NYSE:NWE) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 10,287 shares of the utilities provider’s stock, valued at approximately $553,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Advisor Group Inc. raised its position in shares of NorthWestern by 105.9% in the 4th quarter. Advisor Group Inc. now owns 2,296 shares of the utilities provider’s stock worth $136,000 after acquiring an additional 1,181 shares in the last quarter. Vident Investment Advisory LLC bought a new position in shares of NorthWestern in the 4th quarter worth about $289,000. Koch Industries Inc. bought a new position in shares of NorthWestern in the 4th quarter worth about $293,000. Zeke Capital Advisors LLC bought a new position in shares of NorthWestern in the 1st quarter worth about $295,000. Finally, HBK Investments L P raised its position in shares of NorthWestern by 25.4% in the 4th quarter. HBK Investments L P now owns 5,896 shares of the utilities provider’s stock worth $352,000 after acquiring an additional 1,196 shares in the last quarter. 93.55% of the stock is currently owned by institutional investors.
In related news, CEO Robert C. Rowe sold 8,826 shares of the business’s stock in a transaction dated Tuesday, May 1st. The stock was sold at an average price of $54.92, for a total value of $484,723.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.40% of the company’s stock.
Several research analysts have recently weighed in on the company. Zacks Investment Research lowered NorthWestern from a “buy” rating to a “hold” rating in a research report on Thursday. ValuEngine lowered NorthWestern from a “hold” rating to a “sell” rating in a research report on Wednesday, May 9th. Finally, KeyCorp raised NorthWestern from a “sector weight” rating to an “overweight” rating in a research report on Monday, June 4th. Five equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $55.80.
Shares of NorthWestern opened at $56.10 on Friday, MarketBeat.com reports. NorthWestern Co. has a one year low of $50.01 and a one year high of $64.47. The stock has a market capitalization of $2.77 billion, a P/E ratio of 17.00, a PEG ratio of 5.44 and a beta of 0.22. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.79 and a quick ratio of 0.66.
NorthWestern (NYSE:NWE) last issued its earnings results on Tuesday, April 24th. The utilities provider reported $1.11 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.09). NorthWestern had a net margin of 12.86% and a return on equity of 9.38%. The firm had revenue of $341.50 million during the quarter, compared to the consensus estimate of $369.59 million. During the same period in the previous year, the firm earned $1.17 earnings per share. The business’s quarterly revenue was down 7.0% on a year-over-year basis. analysts expect that NorthWestern Co. will post 3.42 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date is Thursday, June 14th. NorthWestern’s payout ratio is 66.67%.
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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