657,262 Shares in NorthWestern Corporation $NWE Bought by Caxton Associates LLP

Caxton Associates LLP bought a new stake in NorthWestern Corporation (NASDAQ:NWE) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 657,262 shares of the company’s stock, valued at approximately $43,340,000. NorthWestern comprises approximately 1.0% of Caxton Associates LLP’s holdings, making the stock its 19th biggest holding.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NWE. Sei Investments Co. lifted its holdings in NorthWestern by 34.4% during the 1st quarter. Sei Investments Co. now owns 56,426 shares of the company’s stock worth $3,721,000 after buying an additional 14,427 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of NorthWestern by 39.3% during the 1st quarter. Cetera Investment Advisers now owns 15,611 shares of the company’s stock worth $1,029,000 after acquiring an additional 4,403 shares in the last quarter. Magellan Asset Management Ltd increased its holdings in shares of NorthWestern by 25.7% in the 1st quarter. Magellan Asset Management Ltd now owns 65,874 shares of the company’s stock valued at $4,344,000 after acquiring an additional 13,464 shares during the last quarter. Mathes Company Inc. increased its holdings in shares of NorthWestern by 2.9% in the 1st quarter. Mathes Company Inc. now owns 56,255 shares of the company’s stock valued at $3,709,000 after acquiring an additional 1,600 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of NorthWestern by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,023,230 shares of the company’s stock worth $67,472,000 after acquiring an additional 5,815 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NWE has been the subject of several recent analyst reports. Barclays boosted their target price on NorthWestern from $62.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, April 20th. Weiss Ratings raised shares of NorthWestern from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 15th. JPMorgan Chase & Co. boosted their price objective on shares of NorthWestern from $73.00 to $76.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. LADENBURG THALM/SH SH upgraded shares of NorthWestern from a “neutral” rating to a “buy” rating and upped their target price for the company from $56.00 to $75.50 in a report on Wednesday, April 1st. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and issued a $54.00 target price on shares of NorthWestern in a research report on Tuesday, April 21st. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $70.10.

NorthWestern Trading Up 0.0%

Shares of NWE stock opened at $72.55 on Friday. The company has a market capitalization of $4.46 billion, a P/E ratio of 26.67, a price-to-earnings-growth ratio of 3.83 and a beta of 0.34. The company has a current ratio of 0.70, a quick ratio of 0.52 and a debt-to-equity ratio of 1.10. The business’s 50 day moving average is $71.03 and its two-hundred day moving average is $69.60. NorthWestern Corporation has a twelve month low of $51.92 and a twelve month high of $75.18.

NorthWestern (NASDAQ:NWE) last released its quarterly earnings results on Wednesday, April 29th. The company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.29 by $0.02. NorthWestern had a return on equity of 7.80% and a net margin of 10.21%.The business had revenue of $516.60 million during the quarter. During the same quarter last year, the company earned $1.22 EPS. NorthWestern’s revenue for the quarter was up 6.6% compared to the same quarter last year. Equities analysts forecast that NorthWestern Corporation will post 3.75 EPS for the current year.

NorthWestern Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a dividend of $0.67 per share. The ex-dividend date was Monday, June 15th. This represents a $2.68 dividend on an annualized basis and a yield of 3.7%. NorthWestern’s dividend payout ratio is presently 98.53%.

About NorthWestern

NorthWestern Corporation (NASDAQ: NWE) is a regulated energy company that delivers electricity and natural gas to residential, commercial and industrial customers. Through its Electric Operations and Gas Operations segments, the company operates an extensive network of distribution lines, substations and pipelines. NorthWestern’s services encompass the delivery of power sourced from regional transmission systems and the procurement, storage and distribution of natural gas to end users.

Electric delivery services include the management of distribution infrastructure, customer metering and system reliability programs.