Tudor Investment Corp ET AL Purchases 1,200 Shares of NorthWestern Corporation (NWE)
Tudor Investment Corp ET AL boosted its position in shares of NorthWestern Corporation (NYSE:NWE) by 14.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,600 shares of the utilities provider’s stock after buying an additional 1,200 shares during the period. Tudor Investment Corp ET AL’s holdings in NorthWestern Corporation were worth $564,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of NWE. Envestnet Asset Management Inc. boosted its stake in shares of NorthWestern Corporation by 0.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,868 shares of the utilities provider’s stock worth $222,000 after buying an additional 29 shares in the last quarter. Norges Bank bought a new stake in NorthWestern Corporation during the fourth quarter valued at approximately $17,903,000. Prudential Financial Inc. boosted its stake in NorthWestern Corporation by 135.4% in the first quarter. Prudential Financial Inc. now owns 278,278 shares of the utilities provider’s stock valued at $16,335,000 after buying an additional 160,060 shares during the period. Macquarie Group Ltd. boosted its stake in NorthWestern Corporation by 2.0% in the fourth quarter. Macquarie Group Ltd. now owns 1,432,751 shares of the utilities provider’s stock valued at $81,481,000 after buying an additional 28,501 shares during the period. Finally, Two Sigma Investments LP bought a new stake in NorthWestern Corporation during the fourth quarter valued at approximately $1,227,000. Institutional investors own 94.61% of the company’s stock.
NorthWestern Corporation (NYSE NWE) traded up 0.77% during mid-day trading on Friday, reaching $60.28. The company’s stock had a trading volume of 452,811 shares. The firm has a 50 day moving average price of $60.96 and a 200-day moving average price of $59.47. The company has a market capitalization of $2.92 billion, a PE ratio of 17.48 and a beta of 0.36. NorthWestern Corporation has a 1-year low of $53.85 and a 1-year high of $63.86.
NorthWestern Corporation (NYSE:NWE) last released its quarterly earnings results on Tuesday, July 25th. The utilities provider reported $0.47 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by $0.15. The business had revenue of $283.86 million for the quarter, compared to the consensus estimate of $302.42 million. NorthWestern Corporation had a return on equity of 9.31% and a net margin of 13.17%. The firm’s revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the company earned $0.65 earnings per share. On average, equities analysts predict that NorthWestern Corporation will post $3.39 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $2.10 dividend on an annualized basis and a yield of 3.48%. NorthWestern Corporation’s dividend payout ratio (DPR) is presently 60.34%.
NWE has been the subject of several analyst reports. Zacks Investment Research upgraded NorthWestern Corporation from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research note on Tuesday, May 2nd. BidaskClub upgraded NorthWestern Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. The stock presently has an average rating of “Sell” and a consensus target price of $60.00.
In other NorthWestern Corporation news, CEO Robert C. Rowe sold 7,252 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $60.89, for a total value of $441,574.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Patrick R. Corcoran sold 7,487 shares of the stock in a transaction on Monday, June 5th. The shares were sold at an average price of $62.72, for a total value of $469,584.64. Following the completion of the transaction, the vice president now owns 13,259 shares in the company, valued at $831,604.48. The disclosure for this sale can be found here. 1.33% of the stock is owned by corporate insiders.
About NorthWestern Corporation
NorthWestern Corporation, doing business as North-Western Energy, provides electricity and natural gas. The Company’s segments are Electric operations, Natural gas operations and All other. As of December 31, 2016, the Company provided electricity and natural gas to approximately 709,600 customers in Montana, South Dakota and Nebraska.
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