NorthWestern Corporation (NWE) Position Raised by Stevens Capital Management LP

Stevens Capital Management LP raised its holdings in shares of NorthWestern Corporation (NYSE:NWE) by 597.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,009 shares of the utilities provider’s stock after buying an additional 19,711 shares during the period. Stevens Capital Management LP’s holdings in NorthWestern Corporation were worth $1,310,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in NWE. Paloma Partners Management Co lifted its position in NorthWestern Corporation by 6.9% during the first quarter. Paloma Partners Management Co now owns 7,383 shares of the utilities provider’s stock valued at $433,000 after buying an additional 475 shares in the last quarter. Credit Suisse AG lifted its position in NorthWestern Corporation by 5.1% during the first quarter. Credit Suisse AG now owns 59,338 shares of the utilities provider’s stock valued at $3,483,000 after buying an additional 2,887 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in NorthWestern Corporation by 205.1% during the first quarter. Public Employees Retirement System of Ohio now owns 35,812 shares of the utilities provider’s stock valued at $2,102,000 after buying an additional 24,074 shares in the last quarter. Capstone Asset Management Co. lifted its position in NorthWestern Corporation by 7.6% during the second quarter. Capstone Asset Management Co. now owns 4,120 shares of the utilities provider’s stock valued at $251,000 after buying an additional 290 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in NorthWestern Corporation by 198.3% during the second quarter. Bank of Montreal Can now owns 68,311 shares of the utilities provider’s stock valued at $4,169,000 after buying an additional 45,412 shares in the last quarter. 96.97% of the stock is currently owned by hedge funds and other institutional investors.

NorthWestern Corporation (NYSE NWE) opened at $60.76 on Tuesday. NorthWestern Corporation has a 12-month low of $54.07 and a 12-month high of $63.86. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.33 and a current ratio of 0.42. The company has a market cap of $2,932.19, a price-to-earnings ratio of 18.23, a PEG ratio of 11.59 and a beta of 0.35.

NorthWestern Corporation (NYSE:NWE) last posted its earnings results on Wednesday, November 1st. The utilities provider reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). NorthWestern Corporation had a return on equity of 9.41% and a net margin of 12.44%. The firm had revenue of $309.90 million for the quarter, compared to analyst estimates of $305.60 million. During the same period in the previous year, the firm posted $0.68 earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. research analysts anticipate that NorthWestern Corporation will post 3.39 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.525 per share. The ex-dividend date is Thursday, December 14th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 3.46%. NorthWestern Corporation’s payout ratio is currently 63.44%.

A number of research analysts have weighed in on the stock. Credit Suisse Group reduced their price target on shares of NorthWestern Corporation from $60.00 to $58.00 and set an “underperform” rating on the stock in a research report on Friday. Zacks Investment Research raised shares of NorthWestern Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Bank of America Corporation assumed coverage on shares of NorthWestern Corporation in a research report on Tuesday, October 24th. They set an “underperform” rating and a $54.00 price target on the stock. KeyCorp reaffirmed a “hold” rating on shares of NorthWestern Corporation in a research report on Friday, October 20th. Finally, BidaskClub raised shares of NorthWestern Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 8th. Four analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. NorthWestern Corporation presently has an average rating of “Sell” and an average price target of $58.00.

In other news, CEO Robert C. Rowe sold 3,626 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $60.43, for a total transaction of $219,119.18. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.33% of the company’s stock.

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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.

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

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