Zurcher Kantonalbank Zurich Cantonalbank reduced its position in shares of NorthWestern Corp (NYSE:NWE) by 15.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,736 shares of the utilities provider’s stock after selling 513 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in NorthWestern were worth $193,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of NorthWestern by 3.1% during the third quarter. JPMorgan Chase & Co. now owns 2,528,462 shares of the utilities provider’s stock valued at $148,319,000 after purchasing an additional 76,651 shares during the last quarter. Morgan Stanley lifted its holdings in shares of NorthWestern by 41.5% during the third quarter. Morgan Stanley now owns 249,446 shares of the utilities provider’s stock valued at $14,634,000 after purchasing an additional 73,178 shares during the last quarter. Peregrine Capital Management LLC lifted its holdings in shares of NorthWestern by 20.6% during the fourth quarter. Peregrine Capital Management LLC now owns 112,942 shares of the utilities provider’s stock valued at $6,713,000 after purchasing an additional 19,274 shares during the last quarter. Bowling Portfolio Management LLC purchased a new position in shares of NorthWestern during the fourth quarter valued at approximately $275,000. Finally, RDL Financial Inc. lifted its holdings in shares of NorthWestern by 0.9% during the fourth quarter. RDL Financial Inc. now owns 46,187 shares of the utilities provider’s stock valued at $2,745,000 after purchasing an additional 427 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors.
In related news, Director Jan Robert Horsfall sold 2,300 shares of the business’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 approximately $262,962.70. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Michael R. Cashell sold 1,656 shares of the business’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 90 days, insiders sold 6,156 shares of company stock valued at $411,430. 1.17% of the stock is owned by company insiders.
Shares of NYSE NWE opened at $71.96 on Friday. NorthWestern Corp has a twelve month low of $51.53 and a twelve month high of $72.42. The company has a market capitalization of $3.63 billion, a P/E ratio of 19.19, a PEG ratio of 7.70 and a beta of 0.33. The company has a quick ratio of 0.69, a current ratio of 0.83 and a debt-to-equity ratio of 1.06.
NorthWestern (NYSE:NWE) last announced its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.05. NorthWestern had a net margin of 17.11% and a return on equity of 9.80%. The company had revenue of $384.22 million during the quarter. Sell-side analysts expect that NorthWestern Corp will post 3.4 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.575 dividend. The ex-dividend date is Thursday, June 13th. This represents a $2.30 dividend on an annualized basis and a yield of 3.20%. NorthWestern’s payout ratio is currently 67.85%.
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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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