WINTON GROUP Ltd acquired a new position in NorthWestern Corporation (NASDAQ:NWE – Free Report) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 12,073 shares of the company’s stock, valued at approximately $779,000.
Several other large investors have also recently modified their holdings of NWE. Kintayl Capital LP purchased a new position in NorthWestern during the 3rd quarter valued at about $7,619,000. New York Life Investment Management LLC purchased a new position in NorthWestern during the 3rd quarter valued at about $7,565,000. Citigroup Inc. increased its holdings in NorthWestern by 1,211.4% during the 3rd quarter. Citigroup Inc. now owns 430,361 shares of the company’s stock valued at $25,223,000 after purchasing an additional 397,544 shares during the period. Alps Advisors Inc. increased its holdings in NorthWestern by 41.3% during the 3rd quarter. Alps Advisors Inc. now owns 28,427 shares of the company’s stock valued at $1,666,000 after purchasing an additional 8,304 shares during the period. Finally, American Century Companies Inc. increased its holdings in NorthWestern by 0.6% during the 3rd quarter. American Century Companies Inc. now owns 2,968,816 shares of the company’s stock valued at $174,002,000 after purchasing an additional 16,602 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.
NorthWestern Stock Performance
NorthWestern stock opened at $69.72 on Thursday. The company has a quick ratio of 0.52, a current ratio of 0.70 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $4.29 billion, a P/E ratio of 25.63, a PEG ratio of 3.47 and a beta of 0.34. The stock’s 50 day moving average is $70.66 and its 200 day moving average is $68.41. NorthWestern Corporation has a twelve month low of $50.46 and a twelve month high of $75.18.
NorthWestern Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.67 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.68 annualized dividend and a dividend yield of 3.8%. NorthWestern’s dividend payout ratio is presently 98.53%.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the company. Wall Street Zen upgraded NorthWestern to a “hold” rating in a report on Saturday, April 25th. Wells Fargo & Company reiterated an “underweight” rating and set a $54.00 target price on shares of NorthWestern in a report on Tuesday, April 21st. JPMorgan Chase & Co. upped their target price on NorthWestern from $64.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, April 21st. BMO Capital Markets upped their target price on NorthWestern from $65.00 to $70.00 and gave the stock a “market perform” rating in a report on Friday, February 13th. Finally, LADENBURG THALM/SH SH upgraded NorthWestern from a “neutral” rating to a “buy” rating and upped their target price for the stock from $56.00 to $75.50 in a report on Wednesday, April 1st. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, NorthWestern currently has an average rating of “Hold” and an average price target of $68.30.
Read Our Latest Research Report on NWE
NorthWestern Company Profile
NorthWestern Corporation (NASDAQ: NWE) is a regulated energy company that delivers electricity and natural gas to residential, commercial and industrial customers. Through its Electric Operations and Gas Operations segments, the company operates an extensive network of distribution lines, substations and pipelines. NorthWestern’s services encompass the delivery of power sourced from regional transmission systems and the procurement, storage and distribution of natural gas to end users.
Electric delivery services include the management of distribution infrastructure, customer metering and system reliability programs.
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