NorthWestern Corp. (NYSE:NWE) CEO Robert C. Rowe sold 3,011 shares of the firm’s stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $58.00, for a total transaction of $174,638.00. Following the sale, the chief executive officer now directly owns 132,843 shares of the company’s stock, valued at approximately $7,704,894. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of NorthWestern Corp. (NYSE:NWE) traded down 0.03% during trading on Friday, hitting $60.08. The company had a trading volume of 66,612 shares. The company’s 50 day moving average is $58.61 and its 200 day moving average is $59.63. The firm has a market capitalization of $2.90 billion, a P/E ratio of 20.35 and a beta of 0.43. NorthWestern Corp. has a 1-year low of $51.13 and a 1-year high of $63.75.

NorthWestern Corp. (NYSE:NWE) last announced its quarterly earnings data on Friday, July 22nd. The company reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.12. NorthWestern Corp. had a return on equity of 9.56% and a net margin of 11.64%. The firm earned $293.10 million during the quarter, compared to the consensus estimate of $320.68 million. During the same quarter in the previous year, the company posted $0.64 earnings per share. The business’s revenue was up 8.3% on a year-over-year basis. Analysts anticipate that NorthWestern Corp. will post $3.27 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $2.00 annualized dividend and a yield of 3.33%. NorthWestern Corp.’s payout ratio is currently 67.80%.

Hedge funds have recently made changes to their positions in the stock. Macquarie Group Ltd. increased its stake in shares of NorthWestern Corp. by 10.2% in the second quarter. Macquarie Group Ltd. now owns 1,393,659 shares of the company’s stock valued at $87,898,000 after buying an additional 128,647 shares during the last quarter. Mason Street Advisors LLC bought a new stake in shares of NorthWestern Corp. during the second quarter valued at $594,000. Public Employees Retirement System of Ohio increased its stake in shares of 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 valued at $164,000 after buying an additional 58 shares during the last quarter. Personal Capital Advisors Corp increased its stake in shares of NorthWestern Corp. by 12.7% in the second quarter. Personal Capital Advisors Corp now owns 325,900 shares of the company’s stock valued at $20,555,000 after buying an additional 36,792 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of NorthWestern Corp. by 4.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 237,048 shares of the company’s stock valued at $14,951,000 after buying an additional 11,132 shares during the last quarter. Hedge funds and other 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 report on Tuesday, July 12th.

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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