NorthWestern Corp. (NYSE:NWE) CEO Robert C. Rowe sold 3,011 shares of the business’s stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $58.00, for a total value of $174,638.00. Following the transaction, the chief executive officer now owns 132,843 shares in the company, valued at $7,704,894. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of NorthWestern Corp. (NYSE:NWE) opened at 59.94 on Thursday. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 20.30 and a beta of 0.43. The stock has a 50 day moving average price of $58.61 and a 200 day moving average price of $59.63. NorthWestern Corp. has a 1-year low of $51.13 and a 1-year high of $63.75.
NorthWestern Corp. (NYSE:NWE) last posted its quarterly earnings data on Friday, July 22nd. The company reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.12. NorthWestern Corp. had a net margin of 11.64% and a return on equity of 9.56%. The company earned $293.10 million during the quarter, compared to the consensus estimate of $320.68 million. During the same period in the prior year, the business posted $0.64 EPS. The company’s quarterly revenue was up 8.3% on a year-over-year basis. Analysts forecast that NorthWestern Corp. will post $3.27 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.34%. NorthWestern Corp.’s dividend payout ratio is 67.80%.
Several institutional investors have recently bought and sold shares of the company. Societe Generale acquired a new position in NorthWestern Corp. during the second quarter worth approximately $104,000. LS Investment Advisors LLC increased its position in NorthWestern Corp. by 3.5% in the second quarter. LS Investment Advisors LLC now owns 1,698 shares of the company’s stock worth $107,000 after buying an additional 58 shares in the last quarter. Assetmark Inc. increased its position in NorthWestern Corp. by 129.1% in the second quarter. Assetmark Inc. now owns 1,858 shares of the company’s stock worth $117,000 after buying an additional 1,047 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in NorthWestern Corp. by 2.3% in the second quarter. Public Employees Retirement System of Ohio now owns 2,599 shares of the company’s stock worth $164,000 after buying an additional 58 shares in the last quarter. Finally, BlackRock Japan Co. Ltd acquired a new position in NorthWestern Corp. during the first quarter worth approximately $167,000. Institutional investors own 99.14% of the company’s stock.
Separately, Zacks Investment Research upgraded NorthWestern Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, July 28th.
NorthWestern Corp. Company Profile
NorthWestern Corporation, doing business as North-Western Energy, provides electricity and natural gas. The Company provides electricity and natural gas to over 701,000 customers in Montana, South Dakota and Nebraska. It generates and distributes electricity in South Dakota; distributes natural gas in South Dakota and Nebraska, and generates and distributes electricity and distributed natural gas in Montana.
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