NorthWestern Corp (NWE) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp lessened its stake in shares of NorthWestern Corp (NYSE:NWE) by 55.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,093 shares of the utilities provider’s stock after selling 5,000 shares during the period. Mackenzie Financial Corp’s holdings in NorthWestern were worth $243,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NWE. BlackRock Inc. raised its holdings in shares of NorthWestern by 1.5% in the 3rd quarter. BlackRock Inc. now owns 6,973,701 shares of the utilities provider’s stock valued at $409,077,000 after purchasing an additional 105,749 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of NorthWestern by 3.9% in the 3rd quarter. Vanguard Group Inc. now owns 5,030,917 shares of the utilities provider’s stock worth $295,113,000 after acquiring an additional 190,477 shares during the period. Vanguard Group Inc increased its holdings in shares of NorthWestern by 3.9% in the 3rd quarter. Vanguard Group Inc now owns 5,030,917 shares of the utilities provider’s stock worth $295,113,000 after acquiring an additional 190,477 shares during the period. American Century Companies Inc. increased its holdings in shares of NorthWestern by 10.9% in the 3rd quarter. American Century Companies Inc. now owns 3,044,341 shares of the utilities provider’s stock worth $178,581,000 after acquiring an additional 298,728 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of NorthWestern by 3.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,528,462 shares of the utilities provider’s stock worth $148,319,000 after acquiring an additional 76,651 shares during the period. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Get NorthWestern alerts:

In related news, VP Michael R. Cashell sold 1,656 shares of the stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $67.85, for a total value of $112,359.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Curtis T. Pohl sold 2,200 shares of the stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $65.54, for a total transaction of $144,188.00. The disclosure for this sale can be found here. Insiders sold a total of 6,156 shares of company stock valued at $411,430 in the last quarter. 1.40% of the stock is currently owned by insiders.

Shares of NWE opened at $68.85 on Wednesday. The stock has a market capitalization of $3.49 billion, a P/E ratio of 20.31, a P/E/G ratio of 6.43 and a beta of 0.31. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.80 and a quick ratio of 0.65. NorthWestern Corp has a 52-week low of $50.46 and a 52-week high of $69.72.

NorthWestern (NYSE:NWE) last announced its earnings results on Monday, February 11th. The utilities provider reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.11. The firm had revenue of $308.82 million during the quarter. NorthWestern had a net margin of 16.52% and a return on equity of 9.80%. Equities research analysts expect that NorthWestern Corp will post 3.41 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be given a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Thursday, March 14th. This is a positive change from NorthWestern’s previous quarterly dividend of $0.55. NorthWestern’s dividend payout ratio is currently 64.90%.

NWE has been the topic of a number of analyst reports. Zacks Investment Research raised shares of NorthWestern from a “sell” rating to a “hold” rating in a report on Tuesday, November 6th. ValuEngine raised shares of NorthWestern from a “hold” rating to a “buy” rating in a report on Tuesday, November 13th. Barclays set a $62.00 price objective on shares of NorthWestern and gave the stock a “hold” rating in a report on Saturday, November 17th. KeyCorp increased their price objective on shares of NorthWestern from $66.00 to $67.00 and gave the stock an “overweight” rating in a report on Monday, December 17th. Finally, Credit Suisse Group dropped their price objective on shares of NorthWestern from $60.00 to $56.00 and set an “underperform” rating on the stock in a report on Wednesday, February 13th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $62.60.

TRADEMARK VIOLATION NOTICE: This report was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are reading this report on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The correct version of this report can be viewed at https://www.tickerreport.com/banking-finance/4200806/northwestern-corp-nwe-shares-sold-by-mackenzie-financial-corp.html.

NorthWestern Profile

NorthWestern Corporation, doing business as NorthWestern Energy, provides electricity and natural gas to residential, commercial, and industrial customers. The company operates through Electric Operations and Natural Gas Operations segments. It generates, transmits, and distributes electricity; and produces, stores, transmits, and distributes natural gas, as well as owns municipal franchises to provide natural gas service in the communities.

Featured Story: Compound Annual Growth Rate (CAGR)

Want to see what other hedge funds are holding NWE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NorthWestern Corp (NYSE:NWE).