QS Investors LLC raised its holdings in shares of NorthWestern Corp (NYSE:NWE) by 12.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,017 shares of the utilities provider’s stock after acquiring an additional 4,481 shares during the period. QS Investors LLC owned about 0.08% of NorthWestern worth $2,449,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. American Century Companies Inc. grew its holdings in shares of NorthWestern by 48.1% in the fourth quarter. American Century Companies Inc. now owns 2,314,271 shares of the utilities provider’s stock worth $138,162,000 after purchasing an additional 751,896 shares during the last quarter. OppenheimerFunds Inc. grew its holdings in shares of NorthWestern by 3,633.4% in the fourth quarter. OppenheimerFunds Inc. now owns 503,072 shares of the utilities provider’s stock worth $30,034,000 after purchasing an additional 489,597 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of NorthWestern by 34.9% in the third quarter. Janus Henderson Group PLC now owns 811,575 shares of the utilities provider’s stock worth $46,211,000 after purchasing an additional 209,765 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of NorthWestern by 48.0% in the third quarter. Wells Fargo & Company MN now owns 223,882 shares of the utilities provider’s stock worth $12,747,000 after purchasing an additional 72,628 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of 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 during the last quarter. Institutional investors and hedge funds own 94.08% of the company’s stock.
Shares of NorthWestern Corp (NYSE NWE) opened at $52.34 on Tuesday. The firm has a market cap of $2,563.72, a price-to-earnings ratio of 15.59, a P/E/G ratio of 6.39 and a beta of 0.28. NorthWestern Corp has a fifty-two week low of $50.01 and a fifty-two week high of $64.47. The company has a quick ratio of 0.39, a current ratio of 0.47 and a debt-to-equity ratio of 1.01.
NorthWestern (NYSE:NWE) last released its quarterly earnings results on Monday, February 12th. The utilities provider reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.04). The company had revenue of $344.55 million during the quarter. NorthWestern had a net margin of 12.46% and a return on equity of 9.33%. equities analysts expect that NorthWestern Corp will post 3.42 EPS for the current year.
The business also recently declared a dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be issued a $0.55 dividend. The ex-dividend date is Wednesday, March 14th. NorthWestern’s dividend payout ratio (DPR) is currently 65.87%.
Several research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of NorthWestern from a “hold” rating to a “sell” rating in a report on Friday, March 9th. Wells Fargo set a $55.00 price target on shares of NorthWestern and gave the company a “hold” rating in a report on Wednesday, February 14th. Five equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The company has a consensus rating of “Sell” and a consensus target price of $57.40.
In other NorthWestern news, Director Jan Robert Horsfall sold 1,800 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $57.38, for a total transaction of $103,284.00. Following the completion of the transaction, the director now owns 5,155 shares of the company’s stock, valued at $295,793.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Patrick R. Corcoran sold 5,100 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $50.97, for a total value of $259,947.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,900 shares of company stock worth $414,181. 1.40% of the stock is currently owned by company insiders.
ILLEGAL ACTIVITY NOTICE: This story was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this story on another publication, it was illegally stolen and republished in violation of U.S. & international trademark & copyright law. The correct version of this story can be viewed at https://www.dispatchtribunal.com/2018/03/20/qs-investors-llc-acquires-4481-shares-of-northwestern-corp-nwe.html.
NorthWestern 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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NorthWestern and related companies with MarketBeat.com's FREE daily email newsletter.