BlueMountain Capital Management LLC decreased its holdings in NorthWestern Corp (NYSE:NWE) by 44.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,932 shares of the utilities provider’s stock after selling 10,940 shares during the quarter. BlueMountain Capital Management LLC’s holdings in NorthWestern were worth $798,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of NorthWestern by 1.5% in the second quarter. BlackRock Inc. now owns 6,867,952 shares of the utilities provider’s stock worth $393,190,000 after purchasing an additional 100,609 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of NorthWestern by 4.6% in the first quarter. JPMorgan Chase & Co. now owns 2,760,817 shares of the utilities provider’s stock worth $148,533,000 after purchasing an additional 122,240 shares in the last quarter. American Century Companies Inc. grew its stake in shares of NorthWestern by 7.9% in the second quarter. American Century Companies Inc. now owns 2,745,613 shares of the utilities provider’s stock worth $157,186,000 after purchasing an additional 201,257 shares in the last quarter. Northern Trust Corp grew its stake in shares of NorthWestern by 6.4% in the first quarter. Northern Trust Corp now owns 1,465,912 shares of the utilities provider’s stock worth $78,866,000 after purchasing an additional 88,251 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in NorthWestern by 3.7% during the second quarter. Bank of New York Mellon Corp now owns 1,393,956 shares of the utilities provider’s stock valued at $79,803,000 after buying an additional 49,891 shares in the last quarter. 95.89% of the stock is owned by institutional investors.

Shares of NWE stock opened at $59.75 on Friday. NorthWestern Corp has a fifty-two week low of $50.01 and a fifty-two week high of $64.47. The stock has a market cap of $3.01 billion, a P/E ratio of 18.11, a PEG ratio of 7.65 and a beta of 0.13. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 1.07.

NorthWestern (NYSE:NWE) last announced its earnings results on Thursday, July 19th. The utilities provider reported $0.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.43. NorthWestern had a return on equity of 10.28% and a net margin of 14.84%. The business had revenue of $261.82 million during the quarter, compared to analysts’ expectations of $286.14 million. During the same quarter last year, the business posted $0.47 earnings per share. The company’s quarterly revenue was down 7.8% on a year-over-year basis. sell-side analysts predict that NorthWestern Corp will post 3.45 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be paid a dividend of $0.55 per share. The ex-dividend date is Thursday, September 13th. This represents a $2.20 annualized dividend and a yield of 3.68%. NorthWestern’s dividend payout ratio is currently 66.67%.

In related news, VP Curtis T. Pohl sold 1,200 shares of the stock in a transaction on Friday, July 27th. The stock was sold at an average price of $58.73, for a total value of $70,476.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.40% of the company’s stock.

NWE has been the subject of several research reports. Zacks Investment Research raised NorthWestern from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Saturday, June 16th. Barclays initiated coverage on NorthWestern in a research note on Tuesday, July 10th. They set an “equal weight” rating and a $60.00 target price for the company. ValuEngine raised NorthWestern from a “sell” rating to a “hold” rating in a research note on Monday, July 2nd. Credit Suisse Group raised their target price on NorthWestern from $54.00 to $55.00 and gave the company a “$58.28” rating in a research note on Thursday, July 19th. Finally, KeyCorp raised NorthWestern from a “sector weight” rating to an “overweight” rating in a research note on Monday, June 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $58.20.

NorthWestern Profile

NorthWestern Corporation, doing business as NorthWestern Energy, provides electricity and natural gas to residential, commercial, and industrial customers. The company operates through Electric Operations and Natural Gas Operations segments. It generates, transmits, and distributes electricity; and produces, stores, transmits, and distributes natural gas, as well as owns municipal franchises to provide natural gas service in the communities.

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Institutional Ownership by Quarter for NorthWestern (NYSE:NWE)

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