NorthWestern Co. (NYSE:NWE) CEO Robert C. Rowe sold 2,700 shares of the company’s stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $50.44, for a total value of $136,188.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Robert C. Rowe also recently made the following trade(s):
- On Monday, August 17th, Robert C. Rowe sold 2,700 shares of NorthWestern stock. The shares were sold at an average price of $55.28, for a total transaction of $149,256.00.
NWE stock opened at $51.87 on Friday. NorthWestern Co. has a one year low of $45.06 and a one year high of $80.52. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.47 and a current ratio of 0.61. The firm’s fifty day moving average is $50.60 and its 200 day moving average is $55.25. The firm has a market cap of $2.62 billion, a PE ratio of 17.12, a P/E/G ratio of 4.41 and a beta of 0.26.
NorthWestern (NYSE:NWE) last posted its earnings results on Tuesday, July 28th. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.07). NorthWestern had a return on equity of 7.89% and a net margin of 12.74%. The firm had revenue of $269.36 million for the quarter, compared to analysts’ expectations of $252.41 million. During the same period in the previous year, the company earned $0.50 earnings per share. The company’s revenue was down .5% compared to the same quarter last year. Research analysts predict that NorthWestern Co. will post 3.35 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 4.63%. The ex-dividend date was Monday, September 14th. NorthWestern’s payout ratio is currently 70.18%.
A number of analysts have recently weighed in on NWE shares. Sidoti upgraded shares of NorthWestern from a “neutral” rating to a “buy” rating and set a $62.00 price objective on the stock in a research note on Wednesday, July 15th. TheStreet downgraded NorthWestern from a “b-” rating to a “c+” rating in a research report on Monday, July 20th. Barclays upgraded NorthWestern from an “equal weight” rating to an “overweight” rating and reduced their price objective for the company from $62.00 to $59.00 in a research note on Monday, September 21st. Finally, ValuEngine downgraded NorthWestern from a “hold” rating to a “sell” rating in a research note on Wednesday, August 12th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. NorthWestern presently has an average rating of “Hold” and an average target price of $63.83.
Several institutional investors have recently bought and sold shares of NWE. Federated Hermes Inc. raised its stake in shares of NorthWestern by 1.9% during the 2nd quarter. Federated Hermes Inc. now owns 15,084 shares of the utilities provider’s stock worth $823,000 after buying an additional 276 shares during the period. Crewe Advisors LLC increased its holdings in NorthWestern by 10.2% in the 2nd quarter. Crewe Advisors LLC now owns 3,794 shares of the utilities provider’s stock worth $207,000 after acquiring an additional 350 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in NorthWestern by 1.9% during the second quarter. Ameritas Investment Partners Inc. now owns 19,050 shares of the utilities provider’s stock worth $1,039,000 after acquiring an additional 350 shares during the period. DekaBank Deutsche Girozentrale raised its position in NorthWestern by 8.8% during the second quarter. DekaBank Deutsche Girozentrale now owns 4,441 shares of the utilities provider’s stock worth $237,000 after acquiring an additional 358 shares during the period. Finally, Louisiana State Employees Retirement System lifted its holdings in NorthWestern by 3.3% during the second quarter. Louisiana State Employees Retirement System now owns 12,600 shares of the utilities provider’s stock valued at $687,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.
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, purchases, stores, transmits, and distributes natural gas, as well as owns municipal franchises to provide natural gas service in the communities.
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