AHL Partners LLP Purchases 89,400 Shares of NorthWestern Corporation (NWE)
AHL Partners LLP raised its position in NorthWestern Corporation (NYSE:NWE) by 169.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 142,172 shares of the utilities provider’s stock after acquiring an additional 89,400 shares during the quarter. AHL Partners LLP owned approximately 0.29% of NorthWestern Corporation worth $8,676,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. grew its holdings in NorthWestern Corporation by 10,516.0% during the 1st quarter. BlackRock Inc. now owns 9,214,512 shares of the utilities provider’s stock worth $540,893,000 after acquiring an additional 9,127,714 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of NorthWestern Corporation by 1,275.3% in the 2nd quarter. Alliancebernstein L.P. now owns 933,993 shares of the utilities provider’s stock valued at $56,992,000 after purchasing an additional 866,081 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of NorthWestern Corporation by 119.2% in the 2nd quarter. Prudential Financial Inc. now owns 609,981 shares of the utilities provider’s stock valued at $37,221,000 after purchasing an additional 331,703 shares in the last quarter. Teachers Advisors LLC raised its holdings in shares of NorthWestern Corporation by 87.1% in the 2nd quarter. Teachers Advisors LLC now owns 618,396 shares of the utilities provider’s stock valued at $37,735,000 after purchasing an additional 287,912 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of NorthWestern Corporation by 87.7% in the 1st quarter. Bank of America Corp DE now owns 515,466 shares of the utilities provider’s stock valued at $30,259,000 after purchasing an additional 240,913 shares in the last quarter. Institutional investors own 98.33% of the company’s stock.
In other NorthWestern Corporation news, CEO Robert C. Rowe sold 3,626 shares of NorthWestern Corporation stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $60.43, for a total transaction of $219,119.18. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.33% of the stock is owned by insiders.
NorthWestern Corporation (NWE) traded down 0.86% during midday trading on Tuesday, reaching $56.78. The company had a trading volume of 63,177 shares. The firm’s 50-day moving average price is $59.33 and its 200 day moving average price is $60.16. The firm has a market capitalization of $2.75 billion, a PE ratio of 16.46 and a beta of 0.36. NorthWestern Corporation has a 12 month low of $53.85 and a 12 month 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 Thomson Reuters’ consensus estimate of $0.62 by ($0.15). The business had revenue of $283.86 million during the quarter, compared to analyst estimates of $302.42 million. NorthWestern Corporation had a return on equity of 9.31% and a net margin of 13.17%. The company’s revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.65 EPS. Equities analysts anticipate that NorthWestern Corporation will post $3.39 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $2.10 dividend on an annualized basis and a yield of 3.67%. NorthWestern Corporation’s dividend payout ratio (DPR) is presently 60.34%.
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Several research firms have recently issued reports 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 raised NorthWestern Corporation from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a report on Friday, June 9th. Finally, Williams Capital increased their target price on NorthWestern Corporation from $61.00 to $64.00 and gave the company a “hold” rating in a report on Wednesday, July 5th. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. NorthWestern Corporation has an average rating of “Sell” and a consensus target price of $60.00.
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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