BNP Paribas Arbitrage SA lessened its holdings in NorthWestern Corp (NYSE:NWE) by 2.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 48,898 shares of the utilities provider’s stock after selling 1,389 shares during the period. BNP Paribas Arbitrage SA owned about 0.10% of NorthWestern worth $3,528,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the company. Parallel Advisors LLC lifted its stake in shares of NorthWestern by 32.0% in the 1st quarter. Parallel Advisors LLC now owns 754 shares of the utilities provider’s stock worth $53,000 after purchasing an additional 183 shares during the period. Berman Capital Advisors LLC lifted its stake in shares of NorthWestern by 62.8% in the 1st quarter. Berman Capital Advisors LLC now owns 529 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 204 shares during the period. State Board of Administration of Florida Retirement System lifted its stake in shares of NorthWestern by 1.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 16,776 shares of the utilities provider’s stock worth $1,181,000 after purchasing an additional 211 shares during the period. RDL Financial Inc. lifted its stake in shares of NorthWestern by 0.8% in the 1st quarter. RDL Financial Inc. now owns 46,551 shares of the utilities provider’s stock worth $3,278,000 after purchasing an additional 364 shares during the period. Finally, Mason Street Advisors LLC lifted its stake in shares of NorthWestern by 1.6% in the 1st quarter. Mason Street Advisors LLC now owns 26,774 shares of the utilities provider’s stock worth $1,885,000 after purchasing an additional 416 shares during the period. Hedge funds and other institutional investors own 95.35% of the company’s stock.
In other NorthWestern news, CEO Robert C. Rowe sold 4,300 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $68.17, for a total transaction of $293,131.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel H. Grahame Heather sold 3,600 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $71.09, for a total transaction of $255,924.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,970 shares of company stock worth $697,947. 1.17% of the stock is owned by company insiders.
NWE has been the topic of several recent research reports. ValuEngine cut shares of NorthWestern from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research cut shares of NorthWestern from a “buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Finally, Barclays restated a “sell” rating and set a $70.00 target price on shares of NorthWestern in a research note on Sunday, July 28th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. NorthWestern has a consensus rating of “Hold” and an average price target of $64.83.
NYSE NWE opened at $70.25 on Friday. NorthWestern Corp has a 12 month low of $56.23 and a 12 month high of $74.47. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 7.31 and a beta of 0.24. The company’s 50 day moving average is $71.31 and its two-hundred day moving average is $70.14. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 1.08.
NorthWestern (NYSE:NWE) last released its earnings results on Tuesday, July 23rd. The utilities provider reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.31. NorthWestern had a net margin of 17.30% and a return on equity of 9.86%. The company had revenue of $270.70 million for the quarter, compared to analysts’ expectations of $308.82 million. During the same quarter last year, the business earned $0.63 EPS. The firm’s revenue was up 3.4% compared to the same quarter last year. Sell-side analysts forecast that NorthWestern Corp will post 3.55 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date is Thursday, September 12th. NorthWestern’s payout ratio is 67.85%.
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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