Public Employees Retirement Association of Colorado lowered its position in NorthWestern Corporation (NYSE:NWE) by 14.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,909 shares of the utilities provider’s stock after selling 1,634 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in NorthWestern Corporation were worth $564,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in NWE. Paloma Partners Management Co increased its holdings 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 worth $433,000 after acquiring an additional 475 shares during the last quarter. Credit Suisse AG increased its holdings in NorthWestern Corporation by 5.1% in the 1st quarter. Credit Suisse AG now owns 59,338 shares of the utilities provider’s stock worth $3,483,000 after acquiring an additional 2,887 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in 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 acquiring an additional 24,074 shares during the last quarter. Capstone Asset Management Co. increased its holdings in 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 acquiring an additional 290 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in NorthWestern Corporation by 198.3% in the 2nd quarter. Bank of Montreal Can now owns 68,311 shares of the utilities provider’s stock worth $4,169,000 after acquiring an additional 45,412 shares during the last quarter. 96.97% of the stock is owned by institutional investors.

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In other news, CEO Robert C. Rowe sold 3,626 shares of NorthWestern Corporation stock in a transaction dated 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 Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.33% of the company’s stock.

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

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

The firm also recently declared 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 of this dividend is Thursday, December 14th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 3.46%. NorthWestern Corporation’s dividend payout ratio (DPR) is presently 63.44%.

A number of research firms have weighed in on NWE. Williams Capital lowered NorthWestern Corporation from a “hold” rating to a “sell” rating and reduced their target price for the company from $64.00 to $52.00 in a report on Monday, July 31st. BidaskClub lowered NorthWestern Corporation from a “hold” rating to a “sell” rating in a report on Sunday, July 30th. Zacks Investment Research lowered NorthWestern Corporation from a “buy” rating to a “hold” rating in a report on Saturday, July 29th. Credit Suisse Group lowered NorthWestern Corporation from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $62.00 to $60.00 in a report on Monday, July 24th. Finally, KeyCorp reaffirmed a “hold” rating on shares of NorthWestern Corporation in a report on Friday, October 20th. Four analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The company currently has a consensus rating of “Sell” and a consensus target price of $58.00.

NorthWestern Corporation 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.

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

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