US Bancorp DE lessened its holdings in shares of NorthWestern Corp (NYSE:NWE) by 3.4% in the second quarter, Holdings Channel.com reports. The firm owned 17,992 shares of the utilities provider’s stock after selling 634 shares during the period. US Bancorp DE’s holdings in NorthWestern were worth $1,299,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Alpha Windward LLC acquired a new stake in NorthWestern during the 2nd quarter valued at approximately $25,000. Krane Funds Advisors LLC acquired a new stake in NorthWestern during the 2nd quarter valued at approximately $58,000. C M Bidwell & Associates Ltd. acquired a new stake in NorthWestern during the 2nd quarter valued at approximately $70,000. AGF Investments LLC grew its stake in NorthWestern by 40.3% during the 2nd quarter. AGF Investments LLC now owns 1,420 shares of the utilities provider’s stock valued at $102,000 after purchasing an additional 408 shares in the last quarter. Finally, Quantamental Technologies LLC grew its stake in NorthWestern by 17.9% during the 2nd quarter. Quantamental Technologies LLC now owns 1,974 shares of the utilities provider’s stock valued at $142,000 after purchasing an additional 299 shares in the last quarter. Hedge funds and other institutional investors own 95.76% of the company’s stock.
A number of equities research analysts have weighed in on NWE shares. Barclays restated a “sell” rating and set a $70.00 price objective on shares of NorthWestern in a research note on Sunday, July 28th. Zacks Investment Research lowered NorthWestern from a “buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Williams Capital upgraded NorthWestern from a “sell” rating to a “hold” rating and set a $66.00 target price for the company in a research report on Monday, August 26th. Finally, ValuEngine lowered NorthWestern from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $65.67.
Shares of NWE traded up $0.55 during mid-day trading on Tuesday, hitting $75.38. The stock had a trading volume of 9,800 shares, compared to its average volume of 333,793. The company has a market cap of $3.77 billion, a PE ratio of 22.27, a PEG ratio of 8.26 and a beta of 0.22. The company’s fifty day simple moving average is $71.80 and its two-hundred day simple moving average is $71.32. The company has a quick ratio of 0.73, a current ratio of 0.92 and a debt-to-equity ratio of 1.08. NorthWestern Corp has a fifty-two week low of $56.23 and a fifty-two week high of $75.03.
NorthWestern (NYSE:NWE) last issued its earnings results on Tuesday, July 23rd. The utilities provider reported $0.94 EPS for the quarter, topping the consensus estimate of $0.63 by $0.31. The company had revenue of $270.70 million during the quarter, compared to analyst estimates of $308.82 million. NorthWestern had a return on equity of 9.86% and a net margin of 17.30%. The business’s revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.63 EPS. Equities analysts expect that NorthWestern Corp will post 3.42 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a $0.575 dividend. The ex-dividend date is Thursday, September 12th. This represents a $2.30 annualized dividend and a dividend yield of 3.05%. NorthWestern’s payout ratio is 67.85%.
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: Book Value Per Share – BVPS
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