NorthWestern Corp (NYSE:NWE) Shares Purchased by GW&K Investment Management LLC

GW&K Investment Management LLC boosted its holdings in NorthWestern Corp (NYSE:NWE) by 8.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 545,580 shares of the utilities provider’s stock after buying an additional 41,859 shares during the quarter. GW&K Investment Management LLC’s holdings in NorthWestern were worth $40,946,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. CWM LLC grew its position in NorthWestern by 954.5% in the third quarter. CWM LLC now owns 348 shares of the utilities provider’s stock worth $26,000 after buying an additional 315 shares during the last quarter. Alpha Windward LLC acquired a new position in NorthWestern in the second quarter worth approximately $25,000. Quest Capital Management Inc. ADV acquired a new position in NorthWestern in the third quarter worth approximately $29,000. Krane Funds Advisors LLC acquired a new position in NorthWestern in the second quarter worth approximately $58,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in NorthWestern in the second quarter worth approximately $70,000. Hedge funds and other institutional investors own 95.55% of the company’s stock.

In other NorthWestern news, CEO Robert C. Rowe sold 2,150 shares of NorthWestern stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $70.68, for a total transaction of $151,962.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.17% of the company’s stock.

NYSE NWE traded down $0.62 on Friday, hitting $68.97. 256,227 shares of the stock were exchanged, compared to its average volume of 309,327. NorthWestern Corp has a 52-week low of $57.28 and a 52-week high of $76.72. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.80 and a quick ratio of 0.63. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 20.35, a P/E/G ratio of 7.55 and a beta of 0.16. The company’s 50-day moving average price is $74.02 and its two-hundred day moving average price is $72.20.

NorthWestern (NYSE:NWE) last posted its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.13). NorthWestern had a return on equity of 9.57% and a net margin of 16.84%. The firm had revenue of $274.84 million for the quarter, compared to analysts’ expectations of $295.48 million. During the same quarter in the previous year, the firm posted $0.58 earnings per share. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. Equities analysts predict that NorthWestern Corp will post 3.43 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend is Thursday, December 12th. NorthWestern’s payout ratio is 67.85%.

Several research analysts have issued reports on the stock. Credit Suisse Group lifted their price target on shares of NorthWestern from $71.00 to $73.00 and gave the stock an “underperform” rating in a research report on Monday, November 4th. Williams Capital upgraded shares of NorthWestern from a “sell” rating to a “hold” rating and set a $66.00 price target on the stock in a research report on Monday, August 26th. ValuEngine lowered shares of NorthWestern from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research cut shares of NorthWestern from a “buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Finally, Barclays reiterated a “sell” rating and set a $71.00 price objective on shares of NorthWestern in a research report on Thursday, October 31st. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $68.67.

About NorthWestern

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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Institutional Ownership by Quarter for NorthWestern (NYSE:NWE)

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