Allianz Asset Management GmbH trimmed its position in NorthWestern Corporation (NYSE:NWE) by 33.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,359 shares of the utilities provider’s stock after selling 17,198 shares during the quarter. Allianz Asset Management GmbH owned about 0.07% of NorthWestern worth $1,957,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of NWE. Riverhead Capital Management LLC increased its position in NorthWestern by 62.8% during the second quarter. Riverhead Capital Management LLC now owns 2,931 shares of the utilities provider’s stock worth $179,000 after acquiring an additional 1,131 shares during the period. Stevens Capital Management LP bought a new stake in NorthWestern in the 2nd quarter valued at $201,000. Legg Mason Asset Management Japan Co. Ltd. bought a new stake in NorthWestern in the 2nd quarter valued at $207,000. Prudential PLC bought a new stake in NorthWestern in the 2nd quarter valued at $207,000. Finally, Shelton Capital Management bought a new stake in NorthWestern in the 2nd quarter valued at $222,000. Institutional investors and hedge funds own 93.64% of the company’s stock.

NorthWestern Corporation (NYSE:NWE) opened at $59.27 on Tuesday. The stock has a market cap of $2,880.20, a PE ratio of 17.91, a P/E/G ratio of 11.39 and a beta of 0.37. 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 52-week low of $55.65 and a 52-week high of $64.47.

NorthWestern (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 Thomson Reuters’ consensus estimate of $0.75 by ($0.01). The company had revenue of $309.90 million for the quarter, compared to analyst estimates of $305.60 million. NorthWestern had a return on equity of 9.41% and a net margin of 12.44%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the company earned $0.68 EPS. analysts forecast that NorthWestern Corporation will post 3.39 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders 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 yield of 3.54%. NorthWestern’s payout ratio is presently 63.44%.

Several equities research analysts have issued reports on NWE shares. KeyCorp reissued a “hold” rating on shares of NorthWestern in a report on Friday, October 20th. Bank of America initiated coverage on shares of NorthWestern in a research note on Tuesday, October 24th. They issued an “underperform” rating and a $54.00 target price on the stock. Zacks Investment Research upgraded shares of NorthWestern from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Finally, Credit Suisse Group reduced their target price on shares of NorthWestern from $60.00 to $58.00 and set an “underperform” rating on the stock in a research note on Friday, November 10th. Four analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The company presently has a consensus rating of “Sell” and an average price target of $58.00.

In other NorthWestern news, CEO Robert C. Rowe sold 3,626 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $64.25, for a total transaction of $232,970.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.33% of the company’s stock.

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About NorthWestern

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 (NYSE:NWE)

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