Loveless Wealth Management LLC bought a new stake in NorthWestern Corp (NYSE:NWE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,950 shares of the utilities provider’s stock, valued at approximately $278,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC boosted its stake in NorthWestern by 954.5% in the third quarter. CWM LLC now owns 348 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 315 shares during the last quarter. Quest Capital Management Inc. ADV purchased a new position in NorthWestern in the third quarter valued at about $29,000. CENTRAL TRUST Co purchased a new position in NorthWestern in the fourth quarter valued at about $36,000. Penserra Capital Management LLC purchased a new position in NorthWestern in the third quarter valued at about $62,000. Finally, Jaffetilchin Investment Partners LLC purchased a new position in NorthWestern in the third quarter valued at about $202,000. Hedge funds and other institutional investors own 96.91% of the company’s stock.

Shares of NWE stock traded up $0.19 during trading on Friday, reaching $75.65. 922 shares of the company’s stock traded hands, compared to its average volume of 187,958. The company has a market capitalization of $3.81 billion, a P/E ratio of 18.42, a PEG ratio of 6.08 and a beta of 0.16. The company has a current ratio of 0.80, a quick ratio of 0.63 and a debt-to-equity ratio of 1.09. The firm’s 50-day moving average is $71.92 and its 200 day moving average is $72.16. NorthWestern Corp has a 1 year low of $61.26 and a 1 year high of $76.72.

NorthWestern (NYSE:NWE) last announced its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $0.50 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.13). The business had revenue of $274.84 million for the quarter, compared to analysts’ expectations of $295.48 million. NorthWestern had a net margin of 16.84% and a return on equity of 9.57%. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 earnings per share. As a group, sell-side analysts predict that NorthWestern Corp will post 3.43 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date was Thursday, December 12th. NorthWestern’s payout ratio is currently 67.85%.

NWE has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of NorthWestern from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research note on Friday, December 13th. Wells Fargo & Co restated a “buy” rating on shares of NorthWestern in a research note on Sunday, January 19th. Credit Suisse Group upped their price target on shares of NorthWestern from $70.00 to $72.00 and gave the company an “underperform” rating in a research note on Thursday, January 2nd. Guggenheim initiated coverage on shares of NorthWestern in a research note on Tuesday, January 7th. They set a “neutral” rating and a $71.00 price target on the stock. Finally, Barclays restated a “sell” rating and set a $71.00 price target on shares of NorthWestern in a research note on Thursday, October 31st. Three equities research 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 company has an average rating of “Hold” and a consensus target price of $70.14.

In related news, CEO Robert C. Rowe sold 2,150 shares of the company’s stock in a transaction that occurred on 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 document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.17% of the company’s stock.

NorthWestern 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.

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Institutional Ownership by Quarter for NorthWestern (NYSE:NWE)

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