Aperio Group LLC Grows Holdings in NorthWestern Corp (NWE)

Aperio Group LLC raised its position in shares of NorthWestern Corp (NYSE:NWE) by 28.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 131,151 shares of the utilities provider’s stock after purchasing an additional 29,442 shares during the period. Aperio Group LLC owned approximately 0.26% of NorthWestern worth $7,693,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in shares of NorthWestern by 1.5% in the second quarter. BlackRock Inc. now owns 6,867,952 shares of the utilities provider’s stock worth $393,190,000 after buying an additional 100,609 shares during the period. American Century Companies Inc. increased its holdings in shares of NorthWestern by 7.9% in the second quarter. American Century Companies Inc. now owns 2,745,613 shares of the utilities provider’s stock worth $157,186,000 after buying an additional 201,257 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of NorthWestern by 3.7% in the second quarter. Bank of New York Mellon Corp now owns 1,393,956 shares of the utilities provider’s stock worth $79,803,000 after buying an additional 49,891 shares during the period. Macquarie Group Ltd. increased its holdings in shares of NorthWestern by 11.2% in the second quarter. Macquarie Group Ltd. now owns 1,139,707 shares of the utilities provider’s stock worth $65,249,000 after buying an additional 115,180 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of NorthWestern by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,043,011 shares of the utilities provider’s stock worth $59,712,000 after buying an additional 30,163 shares during the period. Institutional investors and hedge funds own 95.73% of the company’s stock.

NYSE NWE opened at $59.36 on Tuesday. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $2.92 billion, a P/E ratio of 17.99, a price-to-earnings-growth ratio of 7.53 and a beta of 0.09. NorthWestern Corp has a 1 year low of $50.01 and a 1 year high of $64.47.



NorthWestern (NYSE:NWE) last posted its earnings results on Tuesday, October 23rd. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.14). The business had revenue of $279.87 million during the quarter, compared to the consensus estimate of $312.21 million. NorthWestern had a return on equity of 9.64% and a net margin of 14.53%. The firm’s revenue for the quarter was down 9.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.74 earnings per share. As a group, analysts anticipate that NorthWestern Corp will post 3.4 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $2.20 annualized dividend and a dividend yield of 3.71%. NorthWestern’s payout ratio is presently 66.67%.

Several research analysts have recently commented on the company. Credit Suisse Group lifted their price objective on NorthWestern from $54.00 to $55.00 and gave the stock a “$58.28” rating in a report on Thursday, July 19th. Barclays assumed coverage on NorthWestern in a research note on Tuesday, July 10th. They issued an “equal weight” rating and a $60.00 target price on the stock. ValuEngine raised NorthWestern from a “sell” rating to a “hold” rating in a research note on Monday, July 2nd. Zacks Investment Research cut NorthWestern from a “buy” rating to a “hold” rating in a research note on Thursday, September 20th. Finally, Wells Fargo & Co raised their target price on NorthWestern from $59.00 to $61.00 and gave the stock a “market perform” rating in a research note on Monday, September 17th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $61.00.

NorthWestern Company Profile

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.

Further Reading: S&P 500 Index

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Institutional Ownership by Quarter for NorthWestern (NYSE:NWE)

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