Commonwealth of Pennsylvania Public School Empls Retrmt SYS Grows Stock Holdings in NorthWestern Corporation $NWE

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of NorthWestern Corporation (NASDAQ:NWE) by 13.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 132,201 shares of the company’s stock after purchasing an additional 15,938 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.22% of NorthWestern worth $8,532,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Allworth Financial LP raised its stake in NorthWestern by 263.3% during the third quarter. Allworth Financial LP now owns 436 shares of the company’s stock valued at $26,000 after purchasing an additional 316 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in NorthWestern by 3,221.4% during the third quarter. Caitong International Asset Management Co. Ltd now owns 465 shares of the company’s stock valued at $27,000 after purchasing an additional 451 shares in the last quarter. IFP Advisors Inc raised its stake in NorthWestern by 142.0% during the fourth quarter. IFP Advisors Inc now owns 455 shares of the company’s stock valued at $29,000 after purchasing an additional 267 shares in the last quarter. Clearstead Advisors LLC raised its stake in NorthWestern by 1,220.0% during the third quarter. Clearstead Advisors LLC now owns 528 shares of the company’s stock valued at $31,000 after purchasing an additional 488 shares in the last quarter. Finally, PenderFund Capital Management Ltd. purchased a new stake in NorthWestern during the third quarter valued at $37,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

NWE has been the topic of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of NorthWestern from $64.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, April 21st. LADENBURG THALM/SH SH upgraded shares of NorthWestern from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $56.00 to $75.50 in a research report on Wednesday, April 1st. Wall Street Zen upgraded shares of NorthWestern to a “hold” rating in a report on Saturday, April 25th. Wells Fargo & Company restated an “underweight” rating and issued a $54.00 price target on shares of NorthWestern in a report on Tuesday, April 21st. Finally, BMO Capital Markets upped their price target on shares of NorthWestern from $65.00 to $70.00 and gave the stock a “market perform” rating in a report on Friday, February 13th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, NorthWestern currently has an average rating of “Hold” and an average price target of $68.30.

NorthWestern Stock Down 3.4%

Shares of NorthWestern stock opened at $68.23 on Tuesday. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.70 and a quick ratio of 0.52. NorthWestern Corporation has a 1 year low of $50.46 and a 1 year high of $75.18. The firm’s 50-day moving average is $70.08 and its two-hundred day moving average is $68.24. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of 25.08, a PEG ratio of 3.73 and a beta of 0.34.

NorthWestern (NASDAQ:NWE) last issued its earnings results on Wednesday, April 29th. The company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.02. The company had revenue of $516.60 million for the quarter. NorthWestern had a net margin of 10.21% and a return on equity of 7.80%. The firm’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.22 earnings per share. As a group, research analysts expect that NorthWestern Corporation will post 3.75 earnings per share for the current fiscal year.

NorthWestern Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, June 15th. NorthWestern’s dividend payout ratio is presently 98.53%.

NorthWestern Company Profile

NorthWestern Corporation (NASDAQ: NWE) is a regulated energy company that delivers electricity and natural gas to residential, commercial and industrial customers. Through its Electric Operations and Gas Operations segments, the company operates an extensive network of distribution lines, substations and pipelines. NorthWestern’s services encompass the delivery of power sourced from regional transmission systems and the procurement, storage and distribution of natural gas to end users.

Electric delivery services include the management of distribution infrastructure, customer metering and system reliability programs.