NorthWestern Corporation (NWE) Shares Bought by Retirement Systems of Alabama

Retirement Systems of Alabama increased its holdings in shares of NorthWestern Corporation (NYSE:NWE) by 189.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 180,841 shares of the utilities provider’s stock after purchasing an additional 118,388 shares during the quarter. Retirement Systems of Alabama owned 0.37% of NorthWestern Corporation worth $10,297,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its position in NorthWestern Corporation by 4.7% during the 2nd quarter. Vanguard Group Inc. now owns 4,458,394 shares of the utilities provider’s stock worth $272,052,000 after purchasing an additional 200,531 shares in the last quarter. State Street Corp increased its position in NorthWestern Corporation by 7.0% during the 2nd quarter. State Street Corp now owns 1,799,646 shares of the utilities provider’s stock worth $109,811,000 after purchasing an additional 118,101 shares in the last quarter. American Century Companies Inc. increased its position in NorthWestern Corporation by 4.1% during the 3rd quarter. American Century Companies Inc. now owns 1,562,375 shares of the utilities provider’s stock worth $88,962,000 after purchasing an additional 60,988 shares in the last quarter. Northern Trust Corp increased its position in NorthWestern Corporation by 7.4% during the 2nd quarter. Northern Trust Corp now owns 1,404,504 shares of the utilities provider’s stock worth $85,702,000 after purchasing an additional 96,231 shares in the last quarter. Finally, Westwood Holdings Group Inc. increased its position in NorthWestern Corporation by 3.5% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,063,451 shares of the utilities provider’s stock worth $64,872,000 after purchasing an additional 36,397 shares in the last quarter. 96.97% of the stock is owned by hedge funds and other institutional investors.

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In other NorthWestern Corporation news, CEO Robert C. Rowe sold 3,626 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $60.43, for a total value of $219,119.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.33% of the stock is owned by corporate insiders.

NorthWestern Corporation (NYSE:NWE) opened at $61.60 on Friday. The firm has a market capitalization of $2,990.00, a P/E ratio of 18.75, a price-to-earnings-growth ratio of 11.93 and a beta of 0.35. NorthWestern Corporation has a fifty-two week low of $54.06 and a fifty-two week high of $63.86. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.42 and a quick ratio of 0.33.

NorthWestern Corporation (NYSE:NWE) last released its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.74 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.01). The company had revenue of $309.90 million during the quarter, compared to analysts’ expectations of $305.60 million. NorthWestern Corporation had a return on equity of 9.41% and a net margin of 12.44%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.68 EPS. equities analysts forecast that NorthWestern Corporation will post 3.39 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend is Thursday, December 14th. NorthWestern Corporation’s dividend payout ratio is presently 63.25%.

A number of analysts recently issued reports on NWE shares. Credit Suisse Group downgraded shares of NorthWestern Corporation from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $62.00 to $60.00 in a research report on Monday, July 24th. BidaskClub raised shares of NorthWestern Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research downgraded shares of NorthWestern Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, July 29th. Williams Capital downgraded shares of NorthWestern Corporation from a “hold” rating to a “sell” rating and dropped their target price for the stock from $64.00 to $52.00 in a research report on Monday, July 31st. Finally, KeyCorp reissued a “hold” rating on shares of NorthWestern Corporation in a research report on Friday, October 20th. Four analysts have rated the stock with a sell rating and two have given a hold rating to the company. The company presently has an average rating of “Sell” and an average price target of $58.00.

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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