Personal Capital Advisors Corp reduced its position in shares of NorthWestern Corporation (NYSE:NWE) by 89.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,814 shares of the utilities provider’s stock after selling 394,992 shares during the period. Personal Capital Advisors Corp owned 0.10% of NorthWestern Corporation worth $2,918,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in NorthWestern Corporation by 25.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,983 shares of the utilities provider’s stock worth $116,000 after buying an additional 397 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of NorthWestern Corporation during the second quarter worth $155,000. North Star Investment Management Corp. boosted its position in shares of NorthWestern Corporation by 100.4% in the second quarter. North Star Investment Management Corp. now owns 3,295 shares of the utilities provider’s stock worth $201,000 after buying an additional 1,651 shares in the last quarter. Capstone Asset Management Co. boosted its position in shares of NorthWestern Corporation by 8.2% in the first quarter. Capstone Asset Management Co. now owns 3,830 shares of the utilities provider’s stock worth $225,000 after buying an additional 290 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of NorthWestern Corporation by 2.3% in the first quarter. Envestnet Asset Management Inc. now owns 3,956 shares of the utilities provider’s stock worth $232,000 after buying an additional 88 shares in the last quarter. 94.33% of the stock is owned by institutional investors.
NorthWestern Corporation (NYSE:NWE) traded up 0.54% during mid-day trading on Tuesday, reaching $61.26. The company had a trading volume of 253,906 shares. The firm has a market capitalization of $2.97 billion, a P/E ratio of 17.76 and a beta of 0.36. NorthWestern Corporation has a 12 month low of $53.85 and a 12 month high of $63.86. The stock’s 50-day moving average is $60.70 and its 200 day moving average is $59.48.
NorthWestern Corporation (NYSE:NWE) last issued its quarterly earnings data on Tuesday, July 25th. The utilities provider reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by $0.15. The firm had revenue of $283.86 million for the quarter, compared to the consensus estimate of $302.42 million. NorthWestern Corporation had a return on equity of 9.31% and a net margin of 13.17%. The company’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.65 EPS. On average, analysts predict that NorthWestern Corporation will post $3.39 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend is Thursday, September 14th. NorthWestern Corporation’s dividend payout ratio (DPR) is currently 60.34%.
A number of research analysts have recently weighed in on NWE shares. Zacks Investment Research upgraded NorthWestern Corporation from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research report on Tuesday, May 2nd. BidaskClub upgraded NorthWestern Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The company has an average rating of “Sell” and a consensus target price of $60.00.
In other NorthWestern Corporation news, VP Patrick R. Corcoran sold 7,487 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $62.72, for a total transaction of $469,584.64. Following the completion of the transaction, the vice president now directly owns 13,259 shares in the company, valued at $831,604.48. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert C. Rowe sold 7,252 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $60.89, for a total transaction of $441,574.28. The disclosure for this sale can be found here. Insiders own 1.33% of the company’s stock.
About NorthWestern Corporation
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.
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