Whitehelm Capital Pty Ltd lessened its holdings in shares of NorthWestern Corp (NYSE:NWE) by 3.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,967 shares of the utilities provider’s stock after selling 2,760 shares during the period. NorthWestern comprises approximately 4.9% of Whitehelm Capital Pty Ltd’s investment portfolio, making the stock its 12th biggest position. Whitehelm Capital Pty Ltd owned 0.14% of NorthWestern worth $4,997,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in NWE. Victory Capital Management Inc. boosted its position in shares of NorthWestern by 170.9% during the fourth quarter. Victory Capital Management Inc. now owns 1,311,111 shares of the utilities provider’s stock valued at $77,932,000 after buying an additional 827,202 shares during the period. Norges Bank purchased a new position in shares of NorthWestern during the fourth quarter valued at approximately $37,535,000. BlackRock Inc. boosted its position in shares of NorthWestern by 5.0% during the fourth quarter. BlackRock Inc. now owns 7,325,060 shares of the utilities provider’s stock valued at $435,402,000 after buying an additional 351,359 shares during the period. Macquarie Group Ltd. boosted its position in shares of NorthWestern by 24.0% during the third quarter. Macquarie Group Ltd. now owns 1,412,921 shares of the utilities provider’s stock valued at $82,882,000 after buying an additional 273,214 shares during the period. Finally, Man Group plc boosted its position in shares of NorthWestern by 94.2% during the third quarter. Man Group plc now owns 400,702 shares of the utilities provider’s stock valued at $23,504,000 after buying an additional 194,373 shares during the period. Institutional investors and hedge funds own 97.75% of the company’s stock.
NYSE:NWE traded up $0.16 during trading hours on Monday, reaching $69.82. The company’s stock had a trading volume of 1,164 shares, compared to its average volume of 434,225. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 8.46 and a beta of 0.34. NorthWestern Corp has a 12 month low of $51.53 and a 12 month high of $71.77. The company has a quick ratio of 0.65, a current ratio of 0.80 and a debt-to-equity ratio of 1.09.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $0.575 per share. The ex-dividend date was Thursday, March 14th. This is an increase from NorthWestern’s previous quarterly dividend of $0.55. This represents a $2.30 dividend on an annualized basis and a dividend yield of 3.29%. NorthWestern’s dividend payout ratio is presently 67.85%.
In other news, VP Curtis T. Pohl sold 2,200 shares of the company’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $65.54, for a total transaction of $144,188.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Michael R. Cashell sold 1,656 shares of the company’s stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $67.85, for a total value of $112,359.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,156 shares of company stock worth $411,430. Insiders own 1.17% of the company’s stock.
NWE has been the subject of a number of research reports. Zacks Investment Research lowered NorthWestern from a “hold” rating to a “sell” rating in a report on Tuesday, December 25th. Williams Capital reiterated a “sell” rating on shares of NorthWestern in a report on Monday, March 18th. Barclays lowered NorthWestern from an “equal weight” rating to an “underweight” rating and boosted their price target for the company from $62.00 to $65.00 in a report on Wednesday, March 20th. Bank of America reiterated an “underperform” rating and issued a $55.00 price target on shares of NorthWestern in a report on Thursday, March 14th. Finally, Credit Suisse Group lowered their price target on NorthWestern from $60.00 to $56.00 and set an “underperform” rating for the company in a report on Wednesday, February 13th. Five analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $61.83.
NorthWestern Corporation, doing business as NorthWestern Energy, provides electricity and natural gas to residential, commercial, and industrial customers. The company operates through Electric Operations and Natural Gas Operations segments. It generates, transmits, and distributes electricity; and produces, stores, transmits, and distributes natural gas, as well as owns municipal franchises to provide natural gas service in the communities.
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