Swiss National Bank raised its position in NorthWestern Corp (NYSE:NWE) by 2.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 82,583 shares of the utilities provider’s stock after acquiring an additional 1,800 shares during the period. Swiss National Bank’s holdings in NorthWestern were worth $4,930,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. bought a new stake in NorthWestern in the 3rd quarter valued at approximately $249,000. Commonwealth Equity Services Inc lifted its stake in NorthWestern by 29.9% in the 3rd quarter. Commonwealth Equity Services Inc now owns 4,526 shares of the utilities provider’s stock valued at $257,000 after acquiring an additional 1,043 shares in the last quarter. National Investment Services Inc. WI bought a new stake in NorthWestern in the 4th quarter valued at approximately $301,000. Fox Run Management L.L.C. bought a new stake in NorthWestern in the 3rd quarter valued at approximately $319,000. Finally, Dean Capital Investments Management LLC bought a new stake in NorthWestern in the 4th quarter valued at approximately $355,000. Hedge funds and other institutional investors own 93.03% of the company’s stock.
Several research firms have commented on NWE. Wells Fargo & Co set a $55.00 target price on NorthWestern and gave the company a “hold” rating in a research note on Wednesday, February 14th. Zacks Investment Research upgraded NorthWestern from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Finally, Credit Suisse Group cut their target price on NorthWestern from $60.00 to $58.00 and set an “underperform” rating on the stock in a research note on Friday, November 10th. Four investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock presently has a consensus rating of “Sell” and a consensus target price of $57.40.
NorthWestern Corp (NYSE:NWE) opened at $51.08 on Thursday. The firm has a market capitalization of $2,524.69, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 6.29 and a beta of 0.22. NorthWestern Corp has a 1 year low of $50.01 and a 1 year high of $64.47. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.39 and a current ratio of 0.47.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be given a dividend of $0.55 per share. This is a positive change from NorthWestern’s previous quarterly dividend of $0.53. The ex-dividend date is Wednesday, March 14th. This represents a $2.20 annualized dividend and a dividend yield of 4.31%. NorthWestern’s payout ratio is 62.87%.
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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