NorthWestern Corp (NYSE:NWE) – Equities research analysts at KeyCorp issued their Q1 2017 earnings estimates for shares of NorthWestern Corp in a report released on Tuesday. KeyCorp analyst P. Ridzon forecasts that the utilities provider will post earnings of $1.07 per share for the quarter.

A number of other brokerages have also recently issued reports on NWE. Zacks Investment Research cut shares of NorthWestern Corp from a “buy” rating to a “hold” rating in a report on Wednesday, March 8th. Credit Suisse Group AG assumed coverage on shares of NorthWestern Corp in a report on Wednesday, January 25th. They issued a “neutral” rating and a $60.00 price objective for the company.

Earnings History and Estimates for NorthWestern Corp (NYSE:NWE)

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Shares of NorthWestern Corp (NYSE:NWE) opened at 59.67 on Thursday. The stock’s 50 day moving average price is $58.56 and its 200 day moving average price is $57.07. The firm has a market cap of $2.89 billion, a PE ratio of 17.60 and a beta of 0.35. NorthWestern Corp has a 12-month low of $53.85 and a 12-month high of $63.75.

NorthWestern Corp (NYSE:NWE) last posted its quarterly earnings data on Thursday, February 16th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.96. NorthWestern Corp had a return on equity of 9.94% and a net margin of 13.04%. The business had revenue of $330.59 million for the quarter, compared to analysts’ expectations of $342.08 million. During the same quarter last year, the firm earned $0.98 earnings per share. The business’s revenue was up 1.7% on a year-over-year basis.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Wednesday, March 15th were issued a $0.525 dividend. The ex-dividend date of this dividend was Monday, March 13th. This is a boost from NorthWestern Corp’s previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a yield of 3.52%. NorthWestern Corp’s dividend payout ratio is currently 59.52%.

In related news, VP Curtis T. Pohl sold 2,900 shares of the company’s stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $58.75, for a total value of $170,375.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP H. Grahame Heather sold 1,100 shares of the company’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $58.63, for a total transaction of $64,493.00. The disclosure for this sale can be found here. Insiders sold 13,975 shares of company stock valued at $816,495 over the last quarter. 1.34% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the company. New York State Common Retirement Fund boosted its stake in shares of NorthWestern Corp by 8.6% in the third quarter. New York State Common Retirement Fund now owns 52,000 shares of the utilities provider’s stock worth $2,992,000 after buying an additional 4,100 shares in the last quarter. BlackRock Inc. boosted its stake in shares of NorthWestern Corp by 34.6% in the third quarter. BlackRock Inc. now owns 78,146 shares of the utilities provider’s stock worth $4,496,000 after buying an additional 20,079 shares in the last quarter. BlackRock Investment Management LLC boosted its stake in shares of NorthWestern Corp by 35.5% in the third quarter. BlackRock Investment Management LLC now owns 371,213 shares of the utilities provider’s stock worth $21,356,000 after buying an additional 97,350 shares in the last quarter. BlackRock Advisors LLC boosted its stake in shares of NorthWestern Corp by 3.4% in the third quarter. BlackRock Advisors LLC now owns 71,036 shares of the utilities provider’s stock worth $4,087,000 after buying an additional 2,351 shares in the last quarter. Finally, DIAM Co. Ltd. acquired a new stake in shares of NorthWestern Corp during the third quarter worth about $408,000. Hedge funds and other institutional investors own 98.15% of the company’s stock.

NorthWestern Corp 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.

5 Day Chart for NYSE:NWE

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