Loomis Sayles & Co. L P raised its stake in shares of NorthWestern Corp (NYSE:NWE) by 3.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 271,174 shares of the utilities provider’s stock after buying an additional 8,967 shares during the period. Loomis Sayles & Co. L P owned 0.54% of NorthWestern worth $15,907,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Retirement Systems of Alabama grew its position in shares of NorthWestern by 0.5% in the third quarter. Retirement Systems of Alabama now owns 183,326 shares of the utilities provider’s stock valued at $10,754,000 after purchasing an additional 961 shares during the last quarter. Arizona State Retirement System grew its position in shares of NorthWestern by 2.9% in the second quarter. Arizona State Retirement System now owns 34,349 shares of the utilities provider’s stock valued at $1,966,000 after purchasing an additional 971 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of NorthWestern by 5.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 19,189 shares of the utilities provider’s stock valued at $1,099,000 after purchasing an additional 1,012 shares during the last quarter. Mutual of America Capital Management LLC grew its position in shares of NorthWestern by 1.2% in the second quarter. Mutual of America Capital Management LLC now owns 112,176 shares of the utilities provider’s stock valued at $6,422,000 after purchasing an additional 1,277 shares during the last quarter. Finally, AMP Capital Investors Ltd grew its position in shares of NorthWestern by 6.3% in the third quarter. AMP Capital Investors Ltd now owns 24,375 shares of the utilities provider’s stock valued at $1,403,000 after purchasing an additional 1,437 shares during the last quarter. Institutional investors own 97.14% of the company’s stock.
In related news, Director Jan Robert Horsfall sold 900 shares of NorthWestern stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $60.95, for a total transaction of $54,855.00. Following the sale, the director now directly owns 4,255 shares of the company’s stock, valued at $259,342.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP H. Grahame Heather sold 1,900 shares of NorthWestern stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $64.15, for a total value of $121,885.00. The disclosure for this sale can be found here. 1.40% of the stock is owned by company insiders.
NWE has been the topic of several research analyst reports. Zacks Investment Research downgraded NorthWestern from a “buy” rating to a “hold” rating in a research report on Thursday, September 20th. Credit Suisse Group raised their price target on NorthWestern from $55.00 to $56.00 and gave the company an “underperform” rating in a research report on Monday, October 1st. Barclays set a $62.00 price target on NorthWestern and gave the company a “hold” rating in a research report on Saturday, November 17th. ValuEngine downgraded NorthWestern from a “buy” rating to a “hold” rating in a research report on Friday, November 2nd. Finally, Wells Fargo & Co raised their price target on NorthWestern from $59.00 to $61.00 and gave the company a “market perform” rating in a research report on Monday, September 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $61.50.
NWE stock opened at $64.28 on Friday. NorthWestern Corp has a twelve month low of $50.01 and a twelve month high of $65.74. The stock has a market cap of $3.22 billion, a P/E ratio of 17.72, a PEG ratio of 8.32 and a beta of 0.12. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.56 and a current ratio of 0.71.
NorthWestern (NYSE:NWE) last released its earnings results on Tuesday, October 23rd. The utilities provider reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.14). NorthWestern had a return on equity of 9.64% and a net margin of 14.53%. The firm had revenue of $279.87 million for the quarter, compared to analyst estimates of $312.21 million. During the same period last year, the business earned $0.74 earnings per share. The firm’s quarterly revenue was down 9.7% compared to the same quarter last year. On average, sell-side analysts predict that NorthWestern Corp will post 3.4 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Thursday, December 13th. NorthWestern’s dividend payout ratio (DPR) is presently 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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