NorthWestern Corporation (NWE) Position Maintained by Gamco Investors INC. ET AL
Gamco Investors INC. ET AL maintained its stake in NorthWestern Corporation (NYSE:NWE) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 293,200 shares of the utilities provider’s stock at the end of the second quarter. Gamco Investors INC. ET AL owned about 0.60% of NorthWestern Corporation worth $17,891,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. Great West Life Assurance Co. Can boosted its stake in NorthWestern Corporation by 5.1% in the first quarter. Great West Life Assurance Co. Can now owns 28,277 shares of the utilities provider’s stock valued at $1,659,000 after buying an additional 1,382 shares in the last quarter. Bowling Portfolio Management LLC bought a new stake in NorthWestern Corporation during the first quarter valued at approximately $916,000. Canada Pension Plan Investment Board bought a new stake in NorthWestern Corporation during the first quarter valued at approximately $5,400,000. Oregon Public Employees Retirement Fund boosted its stake in NorthWestern Corporation by 1.2% in the first quarter. Oregon Public Employees Retirement Fund now owns 16,885 shares of the utilities provider’s stock valued at $991,000 after buying an additional 200 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in NorthWestern Corporation by 12.6% in the first quarter. Russell Investments Group Ltd. now owns 85,329 shares of the utilities provider’s stock valued at $5,008,000 after buying an additional 9,569 shares in the last quarter. 95.45% of the stock is owned by hedge funds and other institutional investors.
NorthWestern Corporation (NYSE:NWE) opened at 59.24 on Monday. NorthWestern Corporation has a 52 week low of $53.85 and a 52 week high of $63.86. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 17.18 and a beta of 0.36. The company has a 50 day moving average of $59.98 and a 200 day moving average of $59.71.
NorthWestern Corporation (NYSE:NWE) last released its quarterly earnings data on Tuesday, July 25th. The utilities provider reported $0.47 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by $0.15. NorthWestern Corporation had a return on equity of 9.31% and a net margin of 13.17%. The business had revenue of $283.86 million during the quarter, compared to analysts’ expectations of $302.42 million. During the same period last year, the company earned $0.65 earnings per share. The firm’s revenue was down 3.2% compared to the same quarter last year. On average, equities analysts forecast that NorthWestern Corporation will post $3.39 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date of this dividend is Thursday, September 14th. NorthWestern Corporation’s dividend payout ratio (DPR) is presently 60.34%.
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Several research firms have recently commented on NWE. BidaskClub raised shares of NorthWestern Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Zacks Investment Research lowered shares of NorthWestern Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Credit Suisse Group lowered shares of NorthWestern Corporation from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $62.00 to $60.00 in a research note on Monday, July 24th. Finally, Williams Capital increased their price target on shares of NorthWestern Corporation from $61.00 to $64.00 and gave the stock a “hold” rating in a research note on Wednesday, July 5th. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The stock currently has an average rating of “Sell” and an average price target of $60.00.
In related news, VP Patrick R. Corcoran sold 7,487 shares of the company’s stock in a transaction dated 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 sale, the vice president now directly owns 13,259 shares of the company’s stock, valued at $831,604.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.33% of the stock is owned by corporate insiders.
NorthWestern Corporation Company Profile
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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