Wells Fargo & Company MN boosted its holdings in NorthWestern Corp (NYSE:NWE) by 58.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 315,691 shares of the utilities provider’s stock after buying an additional 116,266 shares during the quarter. Wells Fargo & Company MN’s holdings in NorthWestern were worth $18,074,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in NWE. Prudential Financial Inc. boosted its stake in NorthWestern by 65.4% in the first quarter. Prudential Financial Inc. now owns 901,070 shares of the utilities provider’s stock valued at $48,477,000 after buying an additional 356,191 shares in the last quarter. Dalton Greiner Hartman Maher & Co. bought a new position in NorthWestern in the second quarter valued at about $19,075,000. LSV Asset Management raised its position in NorthWestern by 2,336.0% in the first quarter. LSV Asset Management now owns 258,214 shares of the utilities provider’s stock valued at $13,891,000 after purchasing an additional 247,614 shares during the last quarter. American Century Companies Inc. raised its position in NorthWestern by 9.9% in the first quarter. American Century Companies Inc. now owns 2,544,356 shares of the utilities provider’s stock valued at $136,886,000 after purchasing an additional 230,085 shares during the last quarter. Finally, Millennium Management LLC raised its position in NorthWestern by 95.1% in the first quarter. Millennium Management LLC now owns 413,496 shares of the utilities provider’s stock valued at $22,246,000 after purchasing an additional 201,565 shares during the last quarter. 95.92% of the stock is currently owned by institutional investors and hedge funds.

In other news, VP Curtis T. Pohl sold 1,200 shares of the firm’s stock in a transaction dated Friday, July 27th. The stock was sold at an average price of $58.73, for a total transaction of $70,476.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is owned by company insiders.

NorthWestern stock opened at $60.23 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 18.25, a PEG ratio of 7.62 and a beta of 0.18. NorthWestern Corp has a 12 month low of $50.01 and a 12 month high of $64.47.

NorthWestern (NYSE:NWE) last posted its earnings results on Thursday, July 19th. The utilities provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.44 by $0.43. NorthWestern had a return on equity of 10.28% and a net margin of 14.84%. The firm had revenue of $261.82 million during the quarter, compared to the consensus estimate of $286.14 million. During the same period last year, the company earned $0.47 earnings per share. The business’s quarterly revenue was down 7.8% on a year-over-year basis. research analysts anticipate that NorthWestern Corp will post 3.45 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.65%. NorthWestern’s dividend payout ratio (DPR) is 66.67%.

NWE has been the subject of several research reports. Zacks Investment Research upgraded NorthWestern from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research report on Saturday, June 16th. Barclays initiated coverage on NorthWestern in a research report on Tuesday, July 10th. They issued an “equal weight” rating and a $60.00 target price for the company. ValuEngine upgraded NorthWestern from a “sell” rating to a “hold” rating in a research report on Monday, July 2nd. Credit Suisse Group increased their target price on NorthWestern from $54.00 to $55.00 and gave the company a “$58.28” rating in a research report on Thursday, July 19th. Finally, KeyCorp upgraded NorthWestern from a “sector weight” rating to an “overweight” rating in a research report on Monday, June 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. NorthWestern has a consensus rating of “Hold” and an average target price of $58.20.

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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