Kintayl Capital LP acquired a new position in shares of NorthWestern Corporation (NASDAQ:NWE – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 129,994 shares of the company’s stock, valued at approximately $7,619,000. NorthWestern makes up approximately 4.7% of Kintayl Capital LP’s investment portfolio, making the stock its 7th biggest holding.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Pacer Advisors Inc. acquired a new position in shares of NorthWestern during the third quarter worth $1,100,000. New York Life Investment Management LLC bought a new position in shares of NorthWestern in the 3rd quarter valued at $7,565,000. Systematic Financial Management LP boosted its holdings in shares of NorthWestern by 2.7% during the 2nd quarter. Systematic Financial Management LP now owns 1,145,309 shares of the company’s stock valued at $58,754,000 after acquiring an additional 30,471 shares in the last quarter. Strs Ohio boosted its holdings in shares of NorthWestern by 402.7% during the 3rd quarter. Strs Ohio now owns 18,600 shares of the company’s stock valued at $1,090,000 after acquiring an additional 14,900 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its position in NorthWestern by 7.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 488,885 shares of the company’s stock worth $28,654,000 after acquiring an additional 34,892 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.
NorthWestern Stock Down 0.8%
Shares of NASDAQ NWE opened at $67.89 on Tuesday. The company has a market capitalization of $4.17 billion, a P/E ratio of 23.09, a price-to-earnings-growth ratio of 2.85 and a beta of 0.33. NorthWestern Corporation has a 52-week low of $50.46 and a 52-week high of $72.21. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.53 and a current ratio of 0.72. The company’s 50 day moving average price is $68.32 and its 200-day moving average price is $64.14.
NorthWestern Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.68 dividend on an annualized basis and a yield of 3.9%. NorthWestern’s dividend payout ratio is 91.16%.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the company. BMO Capital Markets upped their target price on NorthWestern from $65.00 to $70.00 and gave the stock a “market perform” rating in a report on Friday, February 13th. Barclays boosted their price target on NorthWestern from $61.00 to $62.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd. Wells Fargo & Company lowered their price objective on NorthWestern from $53.00 to $52.00 and set an “underweight” rating for the company in a research note on Friday, February 13th. JPMorgan Chase & Co. raised their price objective on shares of NorthWestern from $60.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of NorthWestern in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $60.20.
Get Our Latest Research Report on NWE
NorthWestern Company Profile
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.
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