NorthWestern Corp Declares Quarterly Dividend of $0.58 (NYSE:NWE)

NorthWestern Corp (NYSE:NWE) announced a quarterly dividend on Tuesday, October 29th, Zacks reports. Investors of record on Friday, December 13th will be paid a dividend of 0.575 per share by the utilities provider on Tuesday, December 31st. This represents a $2.30 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Thursday, December 12th.

NWE traded up $0.15 during trading on Tuesday, hitting $71.41. The stock had a trading volume of 44,468 shares, compared to its average volume of 236,328. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.63 and a current ratio of 0.80. The firm has a market capitalization of $3.62 billion, a P/E ratio of 21.06, a PEG ratio of 7.72 and a beta of 0.15. The company’s 50-day moving average price is $71.51 and its 200 day moving average price is $72.27. NorthWestern has a twelve month low of $57.28 and a twelve month high of $76.72.

NorthWestern (NYSE:NWE) last released its earnings results on Tuesday, October 29th. The utilities provider reported $0.50 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.13). The firm had revenue of $274.84 million during the quarter, compared to analyst estimates of $295.48 million. NorthWestern had a return on equity of 9.57% and a net margin of 16.84%. The firm’s revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the business posted $0.58 EPS. As a group, equities analysts expect that NorthWestern will post 3.4 earnings per share for the current fiscal year.

Several analysts have recently commented on NWE shares. Barclays reissued a “sell” rating and issued a $71.00 price target on shares of NorthWestern in a report on Thursday, October 31st. Wells Fargo & Co reaffirmed a “buy” rating on shares of NorthWestern in a report on Monday. Finally, Williams Capital upgraded NorthWestern from a “sell” rating to a “hold” rating and set a $66.00 price objective for the company in a research report on Monday, August 26th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $67.29.

In related news, CEO Robert C. Rowe sold 2,150 shares of the business’s stock in a transaction dated 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 filing with the SEC, which is accessible through this link. 1.17% of the stock is currently owned by insiders.

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.

Recommended Story: What factors cause inflation to rise?

Dividend History for NorthWestern (NYSE:NWE)

Receive News & Ratings for NorthWestern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NorthWestern and related companies with MarketBeat.com's FREE daily email newsletter.