NorthWestern Corporation $NWE Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its holdings in shares of NorthWestern Corporation (NASDAQ:NWE) by 37.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,363 shares of the company’s stock after selling 9,962 shares during the period. SG Americas Securities LLC’s holdings in NorthWestern were worth $1,079,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in NWE. Tactive Advisors LLC acquired a new stake in NorthWestern during the first quarter valued at approximately $339,000. Evolve Private Wealth LLC acquired a new position in NorthWestern in the first quarter worth approximately $202,000. Rockefeller Capital Management L.P. grew its position in NorthWestern by 418.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,280 shares of the company’s stock worth $83,000 after buying an additional 1,033 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of NorthWestern by 129.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,066 shares of the company’s stock valued at $69,000 after buying an additional 601 shares in the last quarter. Finally, Virtu Financial LLC increased its holdings in shares of NorthWestern by 531.7% in the fourth quarter. Virtu Financial LLC now owns 27,797 shares of the company’s stock valued at $1,794,000 after buying an additional 23,397 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NWE. Wells Fargo & Company reissued an “underweight” rating and set a $54.00 price objective on shares of NorthWestern in a research note on Tuesday, April 21st. Weiss Ratings restated a “buy (b-)” rating on shares of NorthWestern in a report on Tuesday, May 26th. LADENBURG THALM/SH SH raised NorthWestern from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $56.00 to $75.50 in a research report on Wednesday, April 1st. JPMorgan Chase & Co. upped their target price on NorthWestern from $64.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, April 21st. Finally, Wall Street Zen upgraded NorthWestern to a “hold” rating in a research report on Saturday, April 25th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $68.30.

NorthWestern Price Performance

NWE stock opened at $71.32 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.70 and a quick ratio of 0.52. The firm has a market capitalization of $4.39 billion, a P/E ratio of 26.22, a P/E/G ratio of 3.77 and a beta of 0.34. NorthWestern Corporation has a 52-week low of $51.27 and a 52-week high of $75.18. The company’s 50 day simple moving average is $70.97 and its 200-day simple moving average is $68.86.

NorthWestern (NASDAQ:NWE) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.02. NorthWestern had a net margin of 10.21% and a return on equity of 7.80%. The firm had revenue of $516.60 million during the quarter. During the same period in the prior year, the business posted $1.22 EPS. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, equities research analysts anticipate that NorthWestern Corporation will post 3.75 EPS for the current year.

NorthWestern Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, June 15th. NorthWestern’s dividend payout ratio (DPR) is 98.53%.

About NorthWestern

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.