NorthWestern Corp. (NWE) to Release Earnings on Thursday
NorthWestern Corp. (NYSE:NWE) is scheduled to be releasing its Q316 earnings data on Thursday, October 20th.
NorthWestern Corp. (NYSE:NWE) last issued its quarterly earnings data on Friday, July 22nd. The company reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.12. NorthWestern Corp. had a return on equity of 9.56% and a net margin of 11.64%. The company earned $293.10 million during the quarter, compared to analyst estimates of $320.68 million. During the same quarter in the previous year, the company posted $0.64 earnings per share. NorthWestern Corp.’s revenue was up 8.3% compared to the same quarter last year. On average, analysts expect NorthWestern Corp. to post $3.27 EPS for the current fiscal year and $3.42 EPS for the next fiscal year.
Shares of NorthWestern Corp. (NYSE:NWE) opened at 56.10 on Wednesday. NorthWestern Corp. has a one year low of $51.27 and a one year high of $63.75. The company has a 50 day moving average price of $57.23 and a 200 day moving average price of $59.03. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 19.00 and a beta of 0.39.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/19/northwestern-corp-nwe-to-release-earnings-on-thursday.html
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were paid a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $2.00 annualized dividend and a yield of 3.57%. NorthWestern Corp.’s dividend payout ratio (DPR) is currently 67.80%.
A number of research firms have weighed in on NWE. Zacks Investment Research upgraded NorthWestern Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 12th. Williams Capital upgraded NorthWestern Corp. from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a report on Monday, October 10th.
In related news, CFO Brian B. Bird sold 9,320 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $60.95, for a total value of $568,054.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Robert C. Rowe sold 3,011 shares of the firm’s stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $58.00, for a total transaction of $174,638.00. Following the completion of the transaction, the chief executive officer now directly owns 132,843 shares in the company, valued at $7,704,894. The disclosure for this sale can be found here. Insiders own 1.34% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of NWE. Arizona State Retirement System raised its position in shares of NorthWestern Corp. by 1.6% in the second quarter. Arizona State Retirement System now owns 25,062 shares of the company’s stock worth $1,581,000 after buying an additional 400 shares in the last quarter. Highbridge Capital Management LLC bought a new position in shares of NorthWestern Corp. during the second quarter worth $2,359,000. Jane Street Group LLC bought a new position in shares of NorthWestern Corp. during the second quarter worth $485,000. AQR Capital Management LLC raised its position in shares of NorthWestern Corp. by 63.1% in the second quarter. AQR Capital Management LLC now owns 68,388 shares of the company’s stock worth $4,313,000 after buying an additional 26,462 shares in the last quarter. Finally, Guggenheim Capital LLC raised its position in shares of NorthWestern Corp. by 92.8% in the second quarter. Guggenheim Capital LLC now owns 62,252 shares of the company’s stock worth $3,926,000 after buying an additional 29,961 shares in the last quarter. 99.13% of the stock is currently owned by hedge funds and other institutional investors.
NorthWestern Corp. Company Profile
NorthWestern Corporation, doing business as North-Western Energy, provides electricity and natural gas. The Company provides electricity and natural gas to over 701,000 customers in Montana, South Dakota and Nebraska. It generates and distributes electricity in South Dakota; distributes natural gas in South Dakota and Nebraska, and generates and distributes electricity and distributed natural gas in Montana.
Receive News & Ratings for NorthWestern Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NorthWestern Corp. and related companies with MarketBeat.com's FREE daily email newsletter.