Aperio Group LLC Has $5.82 Million Stake in NorthWestern Corp (NWE)

Aperio Group LLC lifted its stake in shares of NorthWestern Corp (NYSE:NWE) by 46.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,709 shares of the utilities provider’s stock after purchasing an additional 32,346 shares during the quarter. Aperio Group LLC owned about 0.20% of NorthWestern worth $5,823,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in NWE. Prudential Financial Inc. raised its stake in shares of NorthWestern by 65.4% during the first quarter. Prudential Financial Inc. now owns 901,070 shares of the utilities provider’s stock worth $48,477,000 after purchasing an additional 356,191 shares during the last quarter. Dalton Greiner Hartman Maher & Co. purchased a new position in NorthWestern in the second quarter worth $19,075,000. LSV Asset Management raised its position in NorthWestern by 2,336.0% in the first 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 in the last quarter. American Century Companies Inc. raised its position in NorthWestern by 9.9% in the first quarter. American Century Companies Inc. now owns 2,544,356 shares of the utilities provider’s stock worth $136,886,000 after acquiring an additional 230,085 shares in the last quarter. Finally, Millennium Management LLC raised its position in NorthWestern by 95.1% in the first quarter. Millennium Management LLC now owns 413,496 shares of the utilities provider’s stock worth $22,246,000 after acquiring an additional 201,565 shares in the last quarter. Institutional investors and hedge funds own 93.10% of the company’s stock.

NorthWestern opened at $59.31 on Monday, MarketBeat.com reports. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 7.62 and a beta of 0.18. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.77 and a quick ratio of 0.62. NorthWestern Corp has a 1 year low of $50.01 and a 1 year high of $64.47.

NorthWestern (NYSE:NWE) last released its quarterly earnings data on Thursday, July 19th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.43. The firm had revenue of $261.82 million during the quarter, compared to analysts’ expectations of $286.14 million. NorthWestern had a return on equity of 10.28% and a net margin of 14.84%. NorthWestern’s revenue was down 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.47 earnings per share. sell-side analysts anticipate that NorthWestern Corp will post 3.45 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend is Thursday, September 13th. NorthWestern’s dividend payout ratio (DPR) is 66.67%.

Several research analysts have issued reports on NWE shares. Zacks Investment Research upgraded NorthWestern from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Saturday, June 16th. Barclays started coverage on NorthWestern in a research report on Tuesday, July 10th. They issued an “equal weight” rating and a $60.00 price objective for the company. ValuEngine upgraded NorthWestern from a “sell” rating to a “hold” rating in a research report on Monday, July 2nd. Credit Suisse Group increased their price objective on NorthWestern from $54.00 to $55.00 and gave the stock a “$58.28” rating in a research report on Thursday, July 19th. Finally, KeyCorp upgraded NorthWestern from a “sector weight” rating to an “overweight” rating in a research report on Monday, June 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $58.20.

In other NorthWestern news, VP Curtis T. Pohl sold 1,200 shares of the company’s stock in a transaction on Friday, July 27th. The stock was sold at an average price of $58.73, for a total value of $70,476.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.40% of the stock is currently owned by corporate insiders.

About NorthWestern

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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