First Trust Advisors LP raised its position in NorthWestern Corporation (NYSE:NWE) by 1.7% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 149,816 shares of the utilities provider’s stock after buying an additional 2,465 shares during the period. First Trust Advisors LP owned about 0.31% of NorthWestern Corporation worth $8,531,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in NWE. New York State Teachers Retirement System boosted its position in NorthWestern Corporation by 6.1% in the 1st quarter. New York State Teachers Retirement System now owns 50,300 shares of the utilities provider’s stock valued at $2,953,000 after buying an additional 2,900 shares during the last quarter. Paloma Partners Management Co boosted its position in NorthWestern Corporation by 6.9% in the 1st 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 during the last quarter. Credit Suisse AG boosted its position in NorthWestern Corporation by 5.1% in the 1st 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 during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of NorthWestern Corporation by 205.1% in the 1st quarter. Public Employees Retirement System of Ohio now owns 35,812 shares of the utilities provider’s stock worth $2,102,000 after purchasing an additional 24,074 shares during the last quarter. Finally, Capstone Asset Management Co. boosted its position in shares of NorthWestern Corporation by 7.6% in the 2nd quarter. Capstone Asset Management Co. now owns 4,120 shares of the utilities provider’s stock worth $251,000 after purchasing an additional 290 shares during the last quarter. Hedge funds and other institutional investors own 97.32% of the company’s stock.

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NWE has been the topic of several recent research reports. Credit Suisse Group lowered NorthWestern Corporation from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $62.00 to $60.00 in a research report on Monday, July 24th. BidaskClub upgraded NorthWestern Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research lowered NorthWestern Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, July 29th. Williams Capital lowered NorthWestern Corporation from a “hold” rating to a “sell” rating and reduced their price target for the stock from $64.00 to $52.00 in a research report on Monday, July 31st. Finally, KeyCorp restated a “hold” rating on shares of NorthWestern Corporation in a research report on Friday, October 20th. Four research 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 a consensus price target of $58.00.

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

NorthWestern Corporation (NYSE:NWE) opened at $60.34 on Friday. 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 current ratio of 0.42 and a quick ratio of 0.33. The stock has a market capitalization of $2,932.22, 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 quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.01). The company had revenue of $309.90 million during the quarter, compared to the consensus estimate 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 for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.68 earnings per share. research analysts anticipate that NorthWestern Corporation will post 3.39 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend is Thursday, December 14th. NorthWestern Corporation’s payout ratio is presently 63.44%.

About NorthWestern Corporation

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

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