Legal & General Group Plc increased its stake in NorthWestern Corp (NYSE:NWE) by 11.9% during the 2nd quarter, Holdings Channel reports. The firm owned 262,619 shares of the utilities provider’s stock after buying an additional 27,992 shares during the period. Legal & General Group Plc’s holdings in NorthWestern were worth $15,034,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of NWE. Trexquant Investment LP purchased a new stake in NorthWestern in the first quarter worth approximately $579,000. Victory Capital Management Inc. boosted its stake in shares of NorthWestern by 8.9% during the 1st quarter. Victory Capital Management Inc. now owns 29,038 shares of the utilities provider’s stock worth $1,562,000 after acquiring an additional 2,367 shares during the last quarter. Swiss National Bank boosted its stake in shares of NorthWestern by 2.3% during the 1st quarter. Swiss National Bank now owns 84,483 shares of the utilities provider’s stock worth $4,545,000 after acquiring an additional 1,900 shares during the last quarter. LSV Asset Management boosted its stake in shares of NorthWestern by 2,336.0% during the 1st quarter. LSV Asset Management now owns 258,214 shares of the utilities provider’s stock worth $13,891,000 after acquiring an additional 247,614 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of NorthWestern by 7.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 347,915 shares of the utilities provider’s stock worth $18,718,000 after acquiring an additional 25,523 shares during the last quarter. Institutional investors own 95.89% of the company’s stock.

Shares of NorthWestern stock opened at $60.14 on Friday. The firm has a market cap of $3.01 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 7.65 and a beta of 0.13. NorthWestern Corp has a 1-year low of $50.01 and a 1-year high of $64.47. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.62 and a current ratio of 0.77.

NorthWestern (NYSE:NWE) last released its earnings results on Thursday, July 19th. The utilities provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.43. NorthWestern had a net margin of 14.84% and a return on equity of 10.28%. The company had revenue of $261.82 million for the quarter, compared to analysts’ expectations of $286.14 million. During the same quarter in the previous year, the company earned $0.47 EPS. NorthWestern’s revenue for the quarter was down 7.8% on a year-over-year basis. equities analysts expect that NorthWestern Corp will post 3.45 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date is Thursday, September 13th. NorthWestern’s dividend payout ratio (DPR) is 66.67%.

In related news, VP Curtis T. Pohl sold 1,200 shares of NorthWestern stock in a transaction on Friday, July 27th. The shares were sold at an average price of $58.73, for a total transaction of $70,476.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.40% of the stock is currently owned by insiders.

Several brokerages have recently weighed in on NWE. ValuEngine upgraded shares of NorthWestern from a “sell” rating to a “hold” rating in a research note on Monday, July 2nd. Zacks Investment Research cut shares of NorthWestern from a “buy” rating to a “hold” rating in a research note on Thursday, June 21st. Credit Suisse Group lifted their price target on shares of NorthWestern from $54.00 to $55.00 and gave the stock a “$58.28” rating in a research note on Thursday, July 19th. Barclays began coverage on shares of NorthWestern in a research note on Tuesday, July 10th. They set an “equal weight” rating and a $60.00 price target on the stock. Finally, KeyCorp upgraded shares of NorthWestern from a “sector weight” rating to an “overweight” rating in a research note on Monday, June 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $58.20.

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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