JPMorgan Chase & Co. Buys 22,365 Shares of NorthWestern Corporation $NWE

JPMorgan Chase & Co. increased its stake in shares of NorthWestern Corporation (NASDAQ:NWE) by 7.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 318,669 shares of the company’s stock after buying an additional 22,365 shares during the quarter. JPMorgan Chase & Co. owned 0.52% of NorthWestern worth $18,677,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of NWE. American Century Companies Inc. grew its position in NorthWestern by 0.6% in the third quarter. American Century Companies Inc. now owns 2,968,816 shares of the company’s stock valued at $174,002,000 after acquiring an additional 16,602 shares during the period. State Street Corp lifted its holdings in shares of NorthWestern by 0.5% during the second quarter. State Street Corp now owns 2,594,485 shares of the company’s stock valued at $133,097,000 after acquiring an additional 12,530 shares during the period. Franklin Resources Inc. boosted its stake in shares of NorthWestern by 0.3% in the 3rd quarter. Franklin Resources Inc. now owns 1,338,278 shares of the company’s stock valued at $78,436,000 after purchasing an additional 4,261 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of NorthWestern by 65.6% in the 2nd quarter. Bank of America Corp DE now owns 1,222,376 shares of the company’s stock valued at $62,708,000 after purchasing an additional 484,266 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of NorthWestern by 69.7% in the 3rd quarter. AQR Capital Management LLC now owns 1,147,269 shares of the company’s stock worth $67,241,000 after purchasing an additional 471,125 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analysts Set New Price Targets

NWE has been the subject of a number of recent analyst reports. Barclays increased their target price on shares of NorthWestern from $61.00 to $62.00 and gave the stock an “overweight” rating in a research report on Thursday, January 22nd. Wells Fargo & Company decreased their price objective on shares of NorthWestern from $53.00 to $52.00 and set an “underweight” rating on the stock in a research note on Friday, February 13th. JPMorgan Chase & Co. raised their price objective on shares of NorthWestern from $60.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. BMO Capital Markets lifted their target price on shares of NorthWestern from $65.00 to $70.00 and gave the company a “market perform” rating in a research note on Friday, February 13th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of NorthWestern in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $60.20.

NorthWestern Trading Up 0.2%

Shares of NASDAQ NWE opened at $65.36 on Thursday. NorthWestern Corporation has a 1-year low of $50.46 and a 1-year high of $72.21. The company has a market cap of $4.02 billion, a PE ratio of 22.23, a P/E/G ratio of 2.72 and a beta of 0.33. The company has a current ratio of 0.72, a quick ratio of 0.53 and a debt-to-equity ratio of 1.10. The company has a 50-day moving average of $68.26 and a two-hundred day moving average of $64.50.

NorthWestern (NASDAQ:NWE) last announced its earnings results on Thursday, February 12th. The company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.02). NorthWestern had a return on equity of 7.62% and a net margin of 11.24%.During the same quarter last year, the business earned $1.13 EPS. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. NorthWestern has set its FY 2026 guidance at 3.680-3.830 EPS.

NorthWestern Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Friday, March 13th. NorthWestern’s dividend payout ratio (DPR) is presently 91.16%.

NorthWestern Profile

NorthWestern Corporation (NASDAQ: NWE) is a regulated energy company that delivers electricity and natural gas to residential, commercial and industrial customers. Through its Electric Operations and Gas Operations segments, the company operates an extensive network of distribution lines, substations and pipelines. NorthWestern’s services encompass the delivery of power sourced from regional transmission systems and the procurement, storage and distribution of natural gas to end users.

Electric delivery services include the management of distribution infrastructure, customer metering and system reliability programs.