SG Americas Securities LLC Has $1.70 Million Position in NorthWestern Corporation $NWE

SG Americas Securities LLC boosted its position in shares of NorthWestern Corporation (NASDAQ:NWE) by 536.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,325 shares of the company’s stock after purchasing an additional 22,190 shares during the period. SG Americas Securities LLC’s holdings in NorthWestern were worth $1,699,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of NWE. Allworth Financial LP raised its holdings in shares of NorthWestern by 263.3% in the third quarter. Allworth Financial LP now owns 436 shares of the company’s stock valued at $26,000 after buying an additional 316 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in NorthWestern by 3,221.4% in the third quarter. Caitong International Asset Management Co. Ltd now owns 465 shares of the company’s stock valued at $27,000 after buying an additional 451 shares during the period. Clearstead Advisors LLC lifted its stake in shares of NorthWestern by 1,220.0% in the 3rd quarter. Clearstead Advisors LLC now owns 528 shares of the company’s stock valued at $31,000 after purchasing an additional 488 shares during the period. PenderFund Capital Management Ltd. acquired a new position in NorthWestern in the third quarter valued at about $37,000. Finally, Hantz Financial Services Inc. raised its position in shares of NorthWestern by 299.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 803 shares of the company’s stock valued at $47,000 after acquiring an additional 602 shares during the period. Institutional investors own 96.07% of the company’s stock.

NorthWestern Stock Performance

Shares of NorthWestern stock opened at $67.59 on Monday. The company has a 50 day moving average of $68.01 and a 200-day moving average of $65.03. The company has a market cap of $4.16 billion, a PE ratio of 22.99, a price-to-earnings-growth ratio of 2.81 and a beta of 0.32. NorthWestern Corporation has a 1-year low of $50.46 and a 1-year high of $72.21. The company has a current ratio of 0.72, a quick ratio of 0.53 and a debt-to-equity ratio of 1.10.

NorthWestern (NASDAQ:NWE) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.02). NorthWestern had a net margin of 11.24% and a return on equity of 7.62%. The business had revenue of $414.26 million during the quarter. During the same quarter last year, the firm posted $1.13 EPS. The business’s revenue was up 10.9% on a year-over-year basis.

NorthWestern Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were given a $0.67 dividend. The ex-dividend date was Friday, March 13th. This represents a $2.68 dividend on an annualized basis and a yield of 4.0%. NorthWestern’s dividend payout ratio (DPR) is currently 91.16%.

Wall Street Analyst Weigh In

Several analysts recently commented on NWE shares. Wells Fargo & Company reduced their target price on NorthWestern from $53.00 to $52.00 and set an “underweight” rating on the stock in a report on Friday, February 13th. JPMorgan Chase & Co. boosted their price objective on shares of NorthWestern from $60.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. LADENBURG THALM/SH SH raised NorthWestern from a “neutral” rating to a “buy” rating and increased their price target for the company from $56.00 to $75.50 in a research report on Wednesday, April 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of NorthWestern in a research note on Monday, December 29th. Finally, BMO Capital Markets lifted their target price on NorthWestern from $65.00 to $70.00 and gave the stock a “market perform” rating in a research note on Friday, February 13th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $64.10.

NorthWestern Company 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.