KCG Holdings Inc. Increases Stake in NorthWestern Corporation (NWE)

KCG Holdings Inc. increased its position in NorthWestern Corporation (NYSE:NWE) by 25.4% during the first quarter, Holdings Channel reports. The institutional investor owned 22,976 shares of the utilities provider’s stock after buying an additional 4,659 shares during the period. KCG Holdings Inc.’s holdings in NorthWestern Corporation were worth $1,349,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of NWE. BlackRock Inc. increased its position in NorthWestern Corporation by 10,516.0% in the first quarter. BlackRock Inc. now owns 9,214,512 shares of the utilities provider’s stock worth $540,893,000 after buying an additional 9,127,714 shares in the last quarter. New York State Teachers Retirement System increased its position in NorthWestern Corporation by 6.1% in the first quarter. New York State Teachers Retirement System now owns 50,300 shares of the utilities provider’s stock worth $2,953,000 after buying an additional 2,900 shares in the last quarter. Citadel Advisors LLC bought a new position in NorthWestern Corporation during the first quarter worth $4,865,000. UBS Group AG increased its position in NorthWestern Corporation by 79.7% in the first quarter. UBS Group AG now owns 54,777 shares of the utilities provider’s stock worth $3,215,000 after buying an additional 24,293 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in NorthWestern Corporation by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 976,532 shares of the utilities provider’s stock worth $57,323,000 after buying an additional 23,652 shares in the last quarter. 95.98% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for NorthWestern Corporation (NYSE:NWE)

NorthWestern Corporation (NYSE:NWE) traded up 1.32% during trading on Friday, reaching $63.78. 711,974 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $61.19 and its 200-day moving average price is $58.52. NorthWestern Corporation has a 52 week low of $53.85 and a 52 week high of $63.86. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 17.05 and a beta of 0.39.

NorthWestern Corporation (NYSE:NWE) last posted its earnings results on Wednesday, April 26th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.10. The firm had revenue of $367.30 million during the quarter, compared to analysts’ expectations of $368.51 million. NorthWestern Corporation had a net margin of 14.14% and a return on equity of 9.95%. The company’s revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.01 earnings per share. On average, equities analysts expect that NorthWestern Corporation will post $3.42 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Tuesday, June 13th. NorthWestern Corporation’s dividend payout ratio (DPR) is presently 55.70%.

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A number of equities analysts have weighed in on the stock. Zacks Investment Research raised shares of NorthWestern Corporation from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research note on Friday, June 9th. Williams Capital increased their price target on shares of NorthWestern Corporation from $58.00 to $61.00 and gave the stock a “hold” rating in a research note on Friday, April 28th.

In other news, CEO Robert C. Rowe sold 7,252 shares of the business’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $60.89, for a total value of $441,574.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Patrick R. Corcoran sold 7,487 shares of the business’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $62.72, for a total transaction of $469,584.64. Following the completion of the sale, the vice president now owns 13,259 shares of the company’s stock, valued at $831,604.48. The disclosure for this sale can be found here. Insiders sold 18,171 shares of company stock valued at $1,116,495 over the last quarter. Corporate insiders own 1.33% of the company’s stock.

NorthWestern Corporation Company Profile

NorthWestern Corporation, doing business as North-Western Energy, provides electricity and natural gas. The Company’s segments are Electric operations, Natural gas operations and All other. As of December 31, 2016, the Company provided electricity and natural gas to approximately 709,600 customers in Montana, South Dakota and Nebraska.

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