NorthWestern Corp. (NYSE:NWE) CEO Robert C. Rowe sold 3,011 shares of NorthWestern Corp. stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $58.00, for a total value of $174,638.00. Following the completion of the transaction, the chief executive officer now owns 130,960 shares in the company, valued at $7,595,680. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NorthWestern Corp. (NYSE:NWE) opened at 58.34 on Wednesday. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 17.38 and a beta of 0.34. NorthWestern Corp. has a 1-year low of $51.95 and a 1-year high of $63.75. The stock has a 50 day moving average price of $56.21 and a 200-day moving average price of $58.54.

NorthWestern Corp. (NYSE:NWE) last released its quarterly earnings results on Thursday, October 20th. The company reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.10. The firm had revenue of $301 million for the quarter, compared to analysts’ expectations of $282.30 million. NorthWestern Corp. had a net margin of 13.04% and a return on equity of 9.94%. The business’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 EPS. Equities analysts predict that NorthWestern Corp. will post $3.20 earnings per share for the current year.

Insider Buying and Selling by Quarter for NorthWestern Corp. (NYSE:NWE)

The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Thursday, December 15th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, December 13th. This represents a $2.00 annualized dividend and a yield of 3.43%. NorthWestern Corp.’s dividend payout ratio is currently 59.52%.

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A number of equities analysts have recently commented on NWE shares. Zacks Investment Research lowered NorthWestern Corp. from a “buy” rating to a “hold” rating in a research note on Saturday, November 12th. Mizuho dropped their price objective on NorthWestern Corp. from $65.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, October 20th. Finally, Williams Capital upgraded NorthWestern Corp. from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Monday, October 10th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NWE. BlackRock Fund Advisors boosted its position in NorthWestern Corp. by 4.9% in the second quarter. BlackRock Fund Advisors now owns 5,981,454 shares of the company’s stock valued at $377,250,000 after buying an additional 279,392 shares in the last quarter. Vanguard Group Inc. boosted its position in NorthWestern Corp. by 4.9% in the second quarter. Vanguard Group Inc. now owns 4,136,896 shares of the company’s stock valued at $260,914,000 after buying an additional 193,484 shares in the last quarter. JPMorgan Chase & Co. boosted its position in NorthWestern Corp. by 15.0% in the third quarter. JPMorgan Chase & Co. now owns 1,745,435 shares of the company’s stock valued at $100,415,000 after buying an additional 227,498 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in NorthWestern Corp. by 18.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,425,411 shares of the company’s stock valued at $82,004,000 after buying an additional 218,173 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its position in NorthWestern Corp. by 10.2% in the second quarter. Macquarie Group Ltd. now owns 1,393,659 shares of the company’s stock valued at $87,898,000 after buying an additional 128,647 shares in the last quarter. 97.31% of the stock is currently owned by hedge funds and other institutional investors.

About NorthWestern Corp.

NorthWestern Corporation, doing business as North-Western Energy, provides electricity and natural gas. The Company provides electricity and natural gas to over 701,000 customers in Montana, South Dakota and Nebraska. It generates and distributes electricity in South Dakota; distributes natural gas in South Dakota and Nebraska, and generates and distributes electricity and distributed natural gas in Montana.

5 Day Chart for NYSE:NWE

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