NorthWestern Corporation (NWE) to Issue Quarterly Dividend of $0.67 on September 1st

NorthWestern Corporation (NASDAQ:NWE) declared a quarterly dividend on Wednesday, July 29th. Stockholders of record on Monday, August 17th will be paid a dividend of 0.67 per share on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Monday, August 17th.

NorthWestern has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 21 consecutive years. NorthWestern has a payout ratio of 69.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect NorthWestern to earn $3.99 per share next year, which means the company should continue to be able to cover its $2.68 annual dividend with an expected future payout ratio of 67.2%.

NorthWestern Trading Up 0.4%

Shares of NorthWestern stock opened at $71.81 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.58 and a debt-to-equity ratio of 1.19. The company has a fifty day simple moving average of $71.01 and a 200-day simple moving average of $70.01. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 3.78 and a beta of 0.34. NorthWestern has a 12-month low of $54.89 and a 12-month high of $75.18.

NorthWestern (NASDAQ:NWE) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.42 by $0.08. NorthWestern had a net margin of 10.13% and a return on equity of 8.03%. The firm had revenue of $392.60 million for the quarter, compared to analyst estimates of $386.22 million. During the same period last year, the business earned $0.40 EPS. NorthWestern’s revenue for the quarter was up 14.6% compared to the same quarter last year. On average, equities analysts forecast that NorthWestern will post 3.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Millennium Management LLC acquired a new stake in shares of NorthWestern during the first quarter worth $5,708,000. United Services Automobile Association acquired a new position in NorthWestern in the 1st quarter valued at $220,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in NorthWestern by 13.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 154,776 shares of the company’s stock valued at $8,957,000 after buying an additional 18,454 shares during the period. Sivia Capital Partners LLC purchased a new position in NorthWestern during the 2nd quarter worth $230,000. Finally, Schnieders Capital Management LLC. raised its position in NorthWestern by 19.5% during the 2nd quarter. Schnieders Capital Management LLC. now owns 23,123 shares of the company’s stock worth $1,186,000 after buying an additional 3,775 shares during the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

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.