NorthWestern Corp. (NYSE:NWE) will post its Q316 quarterly earnings results on Thursday, October 20th.
NorthWestern Corp. (NYSE:NWE) last released its quarterly earnings data on Friday, July 22nd. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.12. NorthWestern Corp. had a return on equity of 9.56% and a net margin of 11.64%. The company had revenue of $293.10 million for the quarter, compared to analyst estimates of $320.68 million. During the same period in the previous year, the company posted $0.64 EPS. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, analysts expect NorthWestern Corp. to post $3.27 EPS for the current fiscal year and $3.42 EPS for the next fiscal year.
NorthWestern Corp. (NYSE:NWE) opened at 55.79 on Tuesday. The firm has a 50-day moving average price of $57.29 and a 200-day moving average price of $59.07. NorthWestern Corp. has a 52 week low of $51.27 and a 52 week high of $63.75. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 18.89 and a beta of 0.39.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date was Tuesday, September 13th. NorthWestern Corp.’s payout ratio is 67.80%.
A number of analysts have commented on NWE shares. Williams Capital raised NorthWestern Corp. from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a report on Monday, October 10th. Zacks Investment Research upgraded NorthWestern Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 12th.
In related news, VP Curtis T. Pohl sold 2,650 shares of NorthWestern Corp. stock in a transaction on Wednesday, July 27th. The stock was sold at an average price of $60.48, for a total transaction of $160,272.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert C. Rowe sold 3,011 shares of NorthWestern Corp. stock in a transaction on 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 disclosure for this sale can be found here. 1.34% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. bought a new position in NorthWestern Corp. during the second quarter valued at $211,000. Deere & Co. bought a new position in NorthWestern Corp. during the second quarter valued at $214,000. Raymond James & Associates bought a new position in NorthWestern Corp. during the second quarter valued at $235,000. Ameritas Investment Partners Inc. increased its position in NorthWestern Corp. by 4.5% in the second quarter. Ameritas Investment Partners Inc. now owns 3,794 shares of the company’s stock valued at $239,000 after buying an additional 164 shares during the period. Finally, South Dakota Investment Council bought a new position in NorthWestern Corp. during the second quarter valued at $353,000. Institutional investors own 99.13% of the company’s stock.
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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