First PREMIER Bank lowered its stake in NorthWestern Corp (NYSE:NWE) by 1.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 136,839 shares of the utilities provider’s stock after selling 1,973 shares during the quarter. NorthWestern accounts for about 5.3% of First PREMIER Bank’s portfolio, making the stock its biggest holding. First PREMIER Bank owned 0.27% of NorthWestern worth $8,134,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also made changes to their positions in the company. Honkamp Krueger Financial Services Inc. acquired a new position in shares of NorthWestern during the 3rd quarter valued at about $124,000. Tower Research Capital LLC TRC raised its holdings in NorthWestern by 344.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,053 shares of the utilities provider’s stock valued at $179,000 after buying an additional 2,366 shares during the period. Redpoint Investment Management Pty Ltd purchased a new stake in NorthWestern in the 3rd quarter valued at about $210,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in NorthWestern in the 2nd quarter valued at about $235,000. Finally, Nomura Holdings Inc. purchased a new stake in NorthWestern in the 2nd quarter valued at about $264,000. 97.11% of the stock is currently owned by institutional investors.
Several analysts recently issued reports on NWE shares. KeyCorp boosted their price objective on shares of NorthWestern from $66.00 to $67.00 and gave the company an “overweight” rating in a report on Monday, December 17th. Zacks Investment Research upgraded shares of NorthWestern from a “sell” rating to a “hold” rating in a research note on Wednesday, December 5th. Wells Fargo & Co boosted their price target on shares of NorthWestern from $59.00 to $61.00 and gave the stock a “market perform” rating in a research note on Monday, September 17th. Finally, ValuEngine upgraded shares of NorthWestern from a “hold” rating to a “buy” rating in a research note on Tuesday, November 13th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $62.60.
In related news, VP H. Grahame Heather sold 1,900 shares of the company’s stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $64.15, for a total value of $121,885.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jan Robert Horsfall sold 900 shares of the company’s stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $60.95, for a total value of $54,855.00. Following the completion of the transaction, the director now directly owns 4,255 shares of the company’s stock, valued at $259,342.25. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.
Shares of NorthWestern stock traded down $1.21 on Monday, reaching $59.46. 8,646 shares of the company were exchanged, compared to its average volume of 392,397. NorthWestern Corp has a 1-year low of $50.01 and a 1-year high of $65.74. The company has a market cap of $3.02 billion, a PE ratio of 18.00, a P/E/G ratio of 7.74 and a beta of 0.22. 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 announced its quarterly earnings data on Tuesday, October 23rd. The utilities provider reported $0.58 EPS for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.14). NorthWestern had a return on equity of 9.64% and a net margin of 14.53%. The company had revenue of $279.87 million for the quarter, compared to analyst estimates of $312.21 million. During the same period in the prior year, the firm posted $0.74 earnings per share. The business’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 business also recently disclosed a quarterly dividend, which was paid on Monday, December 31st. Stockholders of record on Friday, December 14th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date was Thursday, December 13th. NorthWestern’s dividend payout ratio is presently 66.67%.
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NorthWestern Company Profile
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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