MERIAN GLOBAL INVESTORS UK Ltd Grows Stake in NorthWestern Corp (NWE)

MERIAN GLOBAL INVESTORS UK Ltd increased its stake in shares of NorthWestern Corp (NYSE:NWE) by 0.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 106,318 shares of the utilities provider’s stock after purchasing an additional 491 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd’s holdings in NorthWestern were worth $7,485,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its holdings in NorthWestern by 41.3% during the fourth quarter. Parallel Advisors LLC now owns 571 shares of the utilities provider’s stock valued at $33,000 after buying an additional 167 shares during the last quarter. Ellis Investment Partners LLC purchased a new stake in NorthWestern during the first quarter valued at approximately $40,000. Oppenheimer Asset Management Inc. purchased a new stake in NorthWestern during the fourth quarter valued at approximately $66,000. Quadrant Capital Group LLC increased its holdings in NorthWestern by 316.3% during the first quarter. Quadrant Capital Group LLC now owns 2,040 shares of the utilities provider’s stock valued at $141,000 after buying an additional 1,550 shares during the last quarter. Finally, Ffcm LLC increased its holdings in NorthWestern by 130.8% during the fourth quarter. Ffcm LLC now owns 2,428 shares of the utilities provider’s stock valued at $144,000 after buying an additional 1,376 shares during the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

NWE has been the subject of a number of research reports. Bank of America reaffirmed an “underperform” rating and set a $55.00 target price on shares of NorthWestern in a report on Thursday, March 14th. Barclays cut shares of NorthWestern from an “equal weight” rating to an “underweight” rating and upped their target price for the company from $62.00 to $65.00 in a report on Wednesday, March 20th. Zacks Investment Research raised shares of NorthWestern from a “hold” rating to a “strong-buy” rating and set a $80.00 target price for the company in a report on Wednesday, April 17th. Credit Suisse Group reduced their target price on shares of NorthWestern from $60.00 to $56.00 and set an “underperform” rating for the company in a report on Wednesday, February 13th. Finally, Williams Capital reaffirmed a “sell” rating on shares of NorthWestern in a report on Monday, March 18th. Four investment analysts have rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $64.00.

In other NorthWestern news, Director Jan Robert Horsfall sold 2,300 shares of the company’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $67.34, for a total value of $154,882.00. Following the completion of the transaction, the director now directly owns 3,905 shares in the company, valued at $262,962.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Michael R. Cashell sold 1,656 shares of the company’s stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $67.85, for a total transaction of $112,359.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,156 shares of company stock valued at $411,430. Company insiders own 1.17% of the company’s stock.

Shares of NWE stock opened at $71.96 on Friday. NorthWestern Corp has a 12 month low of $51.53 and a 12 month high of $72.42. The company has a market cap of $3.63 billion, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 7.70 and a beta of 0.33. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.83 and a quick ratio of 0.69.

NorthWestern (NYSE:NWE) last posted its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $1.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.05. The business had revenue of $384.22 million during the quarter. NorthWestern had a net margin of 17.11% and a return on equity of 9.80%. As a group, research analysts predict that NorthWestern Corp will post 3.4 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.575 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 3.20%. NorthWestern’s payout ratio is currently 67.85%.

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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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