NorthWestern Corporation (NYSE:NWE) announced a quarterly dividend on Thursday, November 2nd, Wall Street Journal reports. Stockholders of record on Friday, December 15th will be given a dividend of 0.525 per share by the utilities provider on Friday, December 29th. This represents a $2.10 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend is Thursday, December 14th.
NorthWestern Corporation has increased its dividend payment by an average of 9.6% per year over the last three years and has raised its dividend every year for the last 8 years. NorthWestern Corporation has a dividend payout ratio of 61.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect NorthWestern Corporation to earn $3.43 per share next year, which means the company should continue to be able to cover its $2.10 annual dividend with an expected future payout ratio of 61.2%.
Shares of NorthWestern Corporation (NWE) opened at $60.34 on Friday. NorthWestern Corporation has a 12-month low of $54.07 and a 12-month high of $63.86. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.33 and a current ratio of 0.42. The firm has a market cap of $2,932.22, a price-to-earnings ratio of 18.23, a PEG ratio of 11.59 and a beta of 0.35.
NorthWestern Corporation (NYSE:NWE) last posted its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.74 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.01). NorthWestern Corporation had a return on equity of 9.41% and a net margin of 12.44%. The firm had revenue of $309.90 million for the quarter, compared to analyst estimates of $305.60 million. During the same quarter last year, the company earned $0.68 earnings per share. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. research analysts anticipate that NorthWestern Corporation will post 3.39 EPS for the current year.
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In other NorthWestern Corporation news, CEO Robert C. Rowe sold 3,626 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $60.43, for a total value of $219,119.18. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.33% of the stock is currently owned by company insiders.
NWE has been the topic of several research analyst reports. Zacks Investment Research lowered shares of NorthWestern Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, July 29th. Credit Suisse Group lowered shares of NorthWestern Corporation from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $62.00 to $60.00 in a research note on Monday, July 24th. BidaskClub lowered shares of NorthWestern Corporation from a “hold” rating to a “sell” rating in a research note on Sunday, July 30th. KeyCorp reissued a “hold” rating on shares of NorthWestern Corporation in a research note on Friday, October 20th. Finally, Williams Capital lowered shares of NorthWestern Corporation from a “hold” rating to a “sell” rating and cut their target price for the stock from $64.00 to $52.00 in a research note on Monday, July 31st. Four investment analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The stock currently has a consensus rating of “Sell” and an average target price of $58.00.
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.
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