First PREMIER Bank lowered its position in NorthWestern Corporation (NYSE:NWE) by 8.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,593 shares of the utilities provider’s stock after selling 11,846 shares during the quarter. NorthWestern makes up approximately 5.6% of First PREMIER Bank’s portfolio, making the stock its biggest position. First PREMIER Bank owned about 0.28% of NorthWestern worth $8,154,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of NWE. Vanguard Group Inc. raised its holdings in NorthWestern by 4.7% in the second quarter. Vanguard Group Inc. now owns 4,458,394 shares of the utilities provider’s stock worth $272,052,000 after purchasing an additional 200,531 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in NorthWestern by 2.2% in the third quarter. JPMorgan Chase & Co. now owns 2,558,351 shares of the utilities provider’s stock worth $147,105,000 after purchasing an additional 54,059 shares in the last quarter. State Street Corp raised its holdings in NorthWestern by 7.0% in the second quarter. State Street Corp now owns 1,799,646 shares of the utilities provider’s stock worth $109,811,000 after purchasing an additional 118,101 shares in the last quarter. American Century Companies Inc. raised its holdings in NorthWestern by 4.1% in the third quarter. American Century Companies Inc. now owns 1,562,375 shares of the utilities provider’s stock worth $88,962,000 after purchasing an additional 60,988 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in NorthWestern by 7.4% in the second quarter. Northern Trust Corp now owns 1,404,504 shares of the utilities provider’s stock worth $85,702,000 after purchasing an additional 96,231 shares in the last quarter. 93.64% of the stock is owned by institutional investors and hedge funds.
NWE has been the topic of a number of recent research reports. KeyCorp reissued a “hold” rating on shares of NorthWestern in a research note on Friday, October 20th. Zacks Investment Research raised NorthWestern from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Credit Suisse Group dropped their price objective on NorthWestern from $60.00 to $58.00 and set an “underperform” rating on the stock in a research report on Friday, November 10th. Finally, Bank of America began coverage on NorthWestern in a research report on Tuesday, October 24th. They set an “underperform” rating and a $54.00 price objective on the stock. Four analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. NorthWestern has an average rating of “Sell” and a consensus price target of $58.00.
Shares of NorthWestern Corporation (NWE) traded down $0.62 during trading hours on Thursday, reaching $53.25. The company’s stock had a trading volume of 429,981 shares, compared to its average volume of 450,758. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.42 and a quick ratio of 0.33. NorthWestern Corporation has a fifty-two week low of $53.11 and a fifty-two week high of $64.47. The stock has a market capitalization of $2,619.73, a PE ratio of 16.09, a price-to-earnings-growth ratio of 10.21 and a beta of 0.38.
NorthWestern (NYSE:NWE) last posted its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.74 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.01). NorthWestern had a return on equity of 9.41% and a net margin of 12.44%. The company had revenue of $309.90 million during the quarter, compared to the consensus estimate of $305.60 million. During the same period last year, the business earned $0.68 EPS. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. equities analysts forecast that NorthWestern Corporation will post 3.38 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend was Thursday, December 14th. NorthWestern’s dividend payout ratio (DPR) is presently 63.44%.
In related news, CEO Robert C. Rowe sold 3,626 shares of NorthWestern stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $64.25, for a total transaction of $232,970.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.33% of the stock is currently owned by company insiders.
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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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