NorthWestern Corp (NWE) : First Premier Bank reduced its stake in NorthWestern Corp by 2.13% during the most recent quarter end. The investment management company now holds a total of 171,257 shares of NorthWestern Corp which is valued at $10,563,132 after selling 3,726 shares in NorthWestern Corp , the firm said in a disclosure report filed with the SEC on Jul 6, 2016.NorthWestern Corp makes up approximately 8.00% of First Premier Bank’s portfolio.
Other Hedge Funds, Including , Curian Capital reduced its stake in NWE by selling 15,402 shares or 65.72% in the most recent quarter. The Hedge Fund company now holds 8,035 shares of NWE which is valued at $495,599. NorthWestern Corp makes up approx 0.04% of Curian Capital’s portfolio.
NorthWestern Corp opened for trading at $61.5 and hit $62.27 on the upside on Monday, eventually ending the session at $62.24, with a gain of 0.91% or 0.56 points. The heightened volatility saw the trading volume jump to 3,09,481 shares. Company has a market cap of $3,007 M.
On the company’s financial health, NorthWestern Corp reported $1.01 EPS for the quarter, missing the analyst consensus estimate by $ -0.12 based on the information available during the earnings call on Apr 20, 2016. Analyst had a consensus of $1.13. The company had revenue of $332.50 million for the quarter, compared to analysts expectations of $377.39 million. The company’s revenue was down -3.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.18 EPS.
North-Western Corporation doing business as North-Western Energy provides electricity and natural gas. The Company operates its business under segments: Electric operations Natural gas operations and All other which primarily consists of unallocated corporate costs. Electric operations segment consists of an electric utility business in Montana which includes generation transmission and distribution. The Company also transmits electricity for non-regulated entities owning generation facilities other utilities and power marketers serving the Montana electricity market. The Company’s South Dakota electric utility business operates as a vertically integrated generation transmission and distribution utility. Natural gas operations segment consists of a natural gas utility business in Montana which includes production storage transmission and distribution.