Aperio Group LLC Purchases 4,469 Shares of NorthWestern Corporation (NWE)
Aperio Group LLC raised its position in NorthWestern Corporation (NYSE:NWE) by 12.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,250 shares of the utilities provider’s stock after purchasing an additional 4,469 shares during the quarter. Aperio Group LLC owned approximately 0.08% of NorthWestern Corporation worth $2,292,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of NWE. Meeder Asset Management Inc. purchased a new position in NorthWestern Corporation in the second quarter valued at about $155,000. Riverhead Capital Management LLC grew its stake in NorthWestern Corporation by 62.8% in the second quarter. Riverhead Capital Management LLC now owns 2,931 shares of the utilities provider’s stock valued at $179,000 after purchasing an additional 1,131 shares in the last quarter. North Star Investment Management Corp. grew its stake in NorthWestern Corporation by 100.4% in the second quarter. North Star Investment Management Corp. now owns 3,295 shares of the utilities provider’s stock valued at $201,000 after purchasing an additional 1,651 shares in the last quarter. Stevens Capital Management LP purchased a new position in NorthWestern Corporation in the second quarter valued at about $201,000. Finally, Legg Mason Asset Management Japan Co. Ltd. purchased a new position in NorthWestern Corporation in the second quarter valued at about $207,000. Hedge funds and other institutional investors own 96.97% of the company’s stock.
Several analysts have recently issued reports on the company. Credit Suisse Group downgraded 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. BidaskClub upgraded NorthWestern Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 8th. Zacks Investment Research upgraded NorthWestern Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Bank of America Corporation assumed coverage on NorthWestern Corporation in a research note on Tuesday, October 24th. They set an “underperform” rating and a $54.00 price target for the company. Finally, KeyCorp reiterated a “hold” rating on shares of NorthWestern Corporation in a research note on Friday, October 20th. Four investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The company presently has an average rating of “Sell” and a consensus price target of $58.00.
In related news, CEO Robert C. Rowe sold 3,626 shares of the business’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.33% of the stock is currently owned by insiders.
Shares of NorthWestern Corporation (NYSE NWE) opened at $60.76 on Tuesday. NorthWestern Corporation has a 52 week low of $54.07 and a 52 week high of $63.86. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.33 and a current ratio of 0.42. The stock has a market capitalization of $2,932.19, a PE ratio of 18.23, a PEG ratio of 11.59 and a beta of 0.35.
NorthWestern Corporation (NYSE:NWE) last posted its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.01). NorthWestern Corporation had a return on equity of 9.41% and a net margin of 12.44%. The business had revenue of $309.90 million for the quarter, compared to analyst estimates of $305.60 million. During the same period in the prior year, the firm posted $0.68 EPS. NorthWestern Corporation’s revenue for the quarter was up 3.0% on a year-over-year basis. research analysts expect that NorthWestern Corporation will post 3.39 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.525 per share. The ex-dividend date is Thursday, December 14th. This represents a $2.10 annualized dividend and a dividend yield of 3.46%. NorthWestern Corporation’s dividend payout ratio is presently 63.44%.
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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