Robeco Institutional Asset Management B.V. held its position in shares of NorthWestern Corporation (NYSE:NWE) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,062 shares of the utilities provider’s stock at the close of the 2nd quarter. Robeco Institutional Asset Management B.V.’s holdings in NorthWestern Corporation were worth $614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently modified their holdings of NWE. Envestnet Asset Management Inc. raised its stake in NorthWestern Corporation by 2.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,956 shares of the utilities provider’s stock valued at $232,000 after acquiring an additional 88 shares during the period. State Treasurer State of Michigan grew its holdings in NorthWestern Corporation by 0.5% during the 1st quarter. State Treasurer State of Michigan now owns 19,600 shares of the utilities provider’s stock valued at $1,151,000 after buying an additional 100 shares in the last quarter. Stifel Financial Corp grew its holdings in NorthWestern Corporation by 2.0% during the 1st quarter. Stifel Financial Corp now owns 7,816 shares of the utilities provider’s stock valued at $460,000 after buying an additional 150 shares in the last quarter. Advantus Capital Management Inc grew its holdings in shares of NorthWestern Corporation by 3.1% during the first quarter. Advantus Capital Management Inc now owns 6,191 shares of the utilities provider’s stock worth $363,000 after purchasing an additional 185 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in shares of NorthWestern Corporation by 1.0% during the first quarter. Sei Investments Co. now owns 19,090 shares of the utilities provider’s stock worth $1,121,000 after purchasing an additional 193 shares in the last quarter. Institutional investors and hedge funds own 98.40% of the company’s stock.
Shares of NorthWestern Corporation (NWE) opened at 58.96 on Friday. The stock has a 50 day moving average price of $59.96 and a 200-day moving average price of $60.12. NorthWestern Corporation has a 1-year low of $53.85 and a 1-year high of $63.86. The stock has a market capitalization of $2.86 billion, a PE ratio of 17.09 and a beta of 0.36.
NorthWestern Corporation (NYSE:NWE) last announced its quarterly earnings data on Tuesday, July 25th. The utilities provider reported $0.47 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.15). The business had revenue of $283.86 million during the quarter, compared to analysts’ expectations of $302.42 million. NorthWestern Corporation had a net margin of 13.17% and a return on equity of 9.31%. NorthWestern Corporation’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 EPS. On average, analysts forecast that NorthWestern Corporation will post $3.39 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.525 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $2.10 annualized dividend and a yield of 3.56%. NorthWestern Corporation’s dividend payout ratio (DPR) is presently 60.34%.
In other news, CEO Robert C. Rowe sold 3,626 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $60.43, for a total transaction of $219,119.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.33% of the company’s stock.
Several research analysts have recently commented on NWE shares. Williams Capital lowered NorthWestern Corporation from a “hold” rating to a “sell” rating and cut their price objective for the stock from $64.00 to $52.00 in a report on Monday, July 31st. BidaskClub lowered NorthWestern Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. Zacks Investment Research upgraded NorthWestern Corporation from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research report on Tuesday, May 23rd. Finally, Credit Suisse Group downgraded NorthWestern Corporation from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $62.00 to $60.00 in a report on Monday, July 24th. Three investment analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The company currently has an average rating of “Sell” and an average target price of $60.00.
NorthWestern Corporation 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.
Receive News & Ratings for NorthWestern Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NorthWestern Corporation and related companies with our FREE daily email newsletter.