GW&K Investment Management LLC Grows Stake in NorthWestern Corp (NYSE:NWE)

GW&K Investment Management LLC raised its stake in NorthWestern Corp (NYSE:NWE) by 8.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 545,580 shares of the utilities provider’s stock after purchasing an additional 41,859 shares during the quarter. GW&K Investment Management LLC owned about 1.08% of NorthWestern worth $40,946,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Jefferies Group LLC purchased a new position in NorthWestern in the second quarter valued at about $219,000. Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of NorthWestern by 17.9% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 25,590 shares of the utilities provider’s stock valued at $1,846,000 after acquiring an additional 3,890 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of NorthWestern during the second quarter valued at about $165,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of NorthWestern during the second quarter valued at about $70,000. Finally, Assetmark Inc. grew its stake in shares of NorthWestern by 178.6% during the second quarter. Assetmark Inc. now owns 3,842 shares of the utilities provider’s stock valued at $277,000 after acquiring an additional 2,463 shares in the last quarter. 95.55% of the stock is currently owned by institutional investors.

Several analysts have recently weighed in on the company. ValuEngine downgraded NorthWestern from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Barclays restated a “sell” rating and set a $71.00 target price on shares of NorthWestern in a research note on Thursday, October 31st. Zacks Investment Research downgraded NorthWestern from a “buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Credit Suisse Group raised their target price on NorthWestern from $71.00 to $73.00 and gave the company an “underperform” rating in a research note on Monday, November 4th. Finally, Williams Capital upgraded NorthWestern from a “sell” rating to a “hold” rating and set a $66.00 target price for the company in a research note on Monday, August 26th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $68.67.

In related news, CEO Robert C. Rowe sold 2,150 shares of NorthWestern stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $70.68, for a total value of $151,962.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.17% of the stock is currently owned by company insiders.

NYSE:NWE traded down $0.62 during mid-day trading on Friday, reaching $68.97. The stock had a trading volume of 256,227 shares, compared to its average volume of 309,327. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 7.55 and a beta of 0.16. NorthWestern Corp has a 1-year low of $57.28 and a 1-year high of $76.72. The stock’s 50 day simple moving average is $74.02 and its two-hundred day simple moving average is $72.20. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.80 and a quick ratio of 0.63.

NorthWestern (NYSE:NWE) last posted its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $0.50 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.13). The firm had revenue of $274.84 million during the quarter, compared to analyst estimates of $295.48 million. NorthWestern had a return on equity of 9.57% and a net margin of 16.84%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the business posted $0.58 earnings per share. Sell-side analysts anticipate that NorthWestern Corp will post 3.43 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.575 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $2.30 dividend on an annualized basis and a yield of 3.33%. NorthWestern’s dividend payout ratio (DPR) is 67.85%.

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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