NorthWestern Corp. (NYSE:NWE) CEO Robert C. Rowe sold 3,011 shares of the stock in a transaction on Monday, September 19th. The shares were sold at an average price of $58.00, for a total value of $174,638.00. Following the transaction, the chief executive officer now directly owns 132,843 shares in the company, valued at $7,704,894. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of NorthWestern Corp. (NYSE:NWE) opened at 59.80 on Tuesday. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 20.25 and a beta of 0.43. NorthWestern Corp. has a 1-year low of $51.27 and a 1-year high of $63.75. The stock has a 50 day moving average price of $58.60 and a 200 day moving average price of $59.59.
NorthWestern Corp. (NYSE:NWE) last posted its quarterly earnings data on Friday, July 22nd. The company reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.12. NorthWestern Corp. had a net margin of 11.64% and a return on equity of 9.56%. The business earned $293.10 million during the quarter, compared to the consensus estimate of $320.68 million. During the same period in the previous year, the firm posted $0.64 earnings per share. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. Equities research analysts anticipate that NorthWestern Corp. will post $3.27 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, September 13th. This represents a $2.00 dividend on an annualized basis and a yield of 3.34%. NorthWestern Corp.’s dividend payout ratio is presently 67.80%.
Separately, Zacks Investment Research raised NorthWestern Corp. from a “sell” rating to a “hold” rating in a report on Friday, June 17th.
A number of hedge funds and other institutional investors have recently bought and sold shares of NWE. Norges Bank acquired a new position in NorthWestern Corp. during the fourth quarter worth about $17,079,000. Fox Run Management L.L.C. acquired a new position in NorthWestern Corp. during the first quarter worth about $259,000. Aperio Group LLC increased its position in NorthWestern Corp. by 18.6% in the first quarter. Aperio Group LLC now owns 18,834 shares of the company’s stock worth $1,163,000 after buying an additional 2,950 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in NorthWestern Corp. by 23.0% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 6,984 shares of the company’s stock worth $431,000 after buying an additional 1,305 shares in the last quarter. Finally, Prudential Financial Inc. increased its position in NorthWestern Corp. by 11.6% in the first quarter. Prudential Financial Inc. now owns 125,139 shares of the company’s stock worth $7,728,000 after buying an additional 13,028 shares in the last quarter. Institutional investors own 99.14% of the company’s stock.
About NorthWestern Corp.
NorthWestern Corporation, doing business as North-Western Energy, provides electricity and natural gas. The Company provides electricity and natural gas to over 701,000 customers in Montana, South Dakota and Nebraska. It generates and distributes electricity in South Dakota; distributes natural gas in South Dakota and Nebraska, and generates and distributes electricity and distributed natural gas in Montana.
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