Trade Report: Today, 3,011 Shares of Stock are sold by Insider Selling: NorthWestern Corp. (NWE) CEO

Today, 3,011 Shares of Stock are sold by Insider Selling: NorthWestern Corp. (NWE) CEO

NorthWestern Corp. (NYSE:NWE) CEO Robert C. Rowe sold 3,011 shares of NorthWestern Corp. stock in a transaction on Monday, November 28th. The stock was sold at an average price of $58.00, for a total transaction of $174,638.00. Following the completion of the sale, the chief executive officer now owns 130,960 shares of the company’s stock, valued at approximately $7,595,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

NorthWestern Corp. (NYSE:NWE) traded up 2.73% during mid-day trading on Monday, reaching $58.78. 355,097 shares of the company’s stock traded hands. NorthWestern Corp. has a 12 month low of $51.95 and a 12 month high of $63.75. The firm’s 50-day moving average price is $56.08 and its 200 day moving average price is $58.54. The stock has a market capitalization of $2.84 billion, a PE ratio of 17.51 and a beta of 0.34.

NorthWestern Corp. (NYSE:NWE) last announced its quarterly earnings results on Thursday, October 20th. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.10. The business earned $301 million during the quarter, compared to analysts’ expectations of $282.30 million. NorthWestern Corp. had a return on equity of 9.94% and a net margin of 13.04%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 EPS. Equities research analysts predict that NorthWestern Corp. will post $3.20 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Thursday, December 15th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, December 13th. This represents a $2.00 dividend on an annualized basis and a yield of 3.40%. NorthWestern Corp.’s payout ratio is currently 59.52%.

A number of analysts recently issued reports on NWE shares. Zacks Investment Research lowered shares of NorthWestern Corp. from a “buy” rating to a “hold” rating in a research note on Saturday, November 12th. Mizuho lowered their target price on shares of NorthWestern Corp. from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, October 20th. Finally, Williams Capital upgraded shares of NorthWestern Corp. from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Monday, October 10th.

Large investors have recently made changes to their positions in the company. California State Teachers Retirement System boosted its stake in shares of NorthWestern Corp. by 2.2% in the second quarter. California State Teachers Retirement System now owns 102,205 shares of the company’s stock worth $6,446,000 after buying an additional 2,220 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of NorthWestern Corp. by 37.9% in the second quarter. American Century Companies Inc. now owns 1,341,395 shares of the company’s stock worth $84,602,000 after buying an additional 368,598 shares during the last quarter. Genesee Valley Trust Co. bought a new stake in shares of NorthWestern Corp. during the second quarter worth about $209,000. Strs Ohio boosted its stake in shares of NorthWestern Corp. by 9.0% in the second quarter. Strs Ohio now owns 7,300 shares of the company’s stock worth $460,000 after buying an additional 600 shares during the last quarter. Finally, New York State Teachers Retirement System boosted its stake in shares of NorthWestern Corp. by 8.5% in the second quarter. New York State Teachers Retirement System now owns 67,585 shares of the company’s stock worth $4,263,000 after buying an additional 5,300 shares during the last quarter. 97.31% of the stock is owned by hedge funds and other institutional investors.

NorthWestern Corp. Company Profile

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