Thompson Siegel & Walmsley LLC lessened its stake in NorthWestern Corp (NYSE:NWE) by 47.7% in the third quarter, Holdings Channel reports. The fund owned 21,701 shares of the utilities provider’s stock after selling 19,794 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in NorthWestern were worth $1,273,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Burney Co. bought a new stake in shares of NorthWestern in the 2nd quarter valued at about $427,000. Sei Investments Co. raised its position in NorthWestern by 11.4% during the 2nd quarter. Sei Investments Co. now owns 46,965 shares of the utilities provider’s stock valued at $2,689,000 after purchasing an additional 4,806 shares during the last quarter. Renaissance Technologies LLC raised its position in NorthWestern by 21.8% during the 2nd quarter. Renaissance Technologies LLC now owns 128,726 shares of the utilities provider’s stock valued at $7,370,000 after purchasing an additional 23,000 shares during the last quarter. Millennium Management LLC raised its position in NorthWestern by 42.4% during the 2nd quarter. Millennium Management LLC now owns 588,698 shares of the utilities provider’s stock valued at $33,703,000 after purchasing an additional 175,202 shares during the last quarter. Finally, Alpha Windward LLC bought a new position in NorthWestern during the 3rd quarter valued at approximately $507,000. 97.76% of the stock is owned by institutional investors.

In other news, Director Jan Robert Horsfall sold 900 shares of the stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $60.95, for a total value of $54,855.00. Following the completion of the transaction, the director now owns 4,255 shares of the company’s stock, valued at approximately $259,342.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP H. Grahame Heather sold 1,900 shares of the stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $64.15, for a total value of $121,885.00. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

A number of research analysts have commented on NWE shares. Zacks Investment Research raised NorthWestern from a “sell” rating to a “hold” rating in a research report on Thursday, November 15th. Wells Fargo & Co upped their price target on NorthWestern from $59.00 to $61.00 and gave the company a “market perform” rating in a research report on Monday, September 17th. ValuEngine raised NorthWestern from a “hold” rating to a “buy” rating in a research report on Tuesday, November 13th. Barclays set a $62.00 price target on NorthWestern and gave the company a “hold” rating in a research report on Saturday. Finally, Credit Suisse Group upped their price target on NorthWestern from $55.00 to $56.00 and gave the company an “underperform” rating in a research report on Monday, October 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $61.50.

NWE opened at $63.89 on Tuesday. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 19.36, a price-to-earnings-growth ratio of 8.25 and a beta of 0.08. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.71 and a quick ratio of 0.56. NorthWestern Corp has a one year low of $50.01 and a one year high of $64.58.

NorthWestern (NYSE:NWE) last released its quarterly earnings results on Tuesday, October 23rd. The utilities provider reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.14). The business had revenue of $279.87 million for the quarter, compared to the consensus estimate of $312.21 million. NorthWestern had a net margin of 14.53% and a return on equity of 9.64%. The company’s revenue for the quarter was down 9.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.74 EPS. Equities research analysts forecast that NorthWestern Corp will post 3.4 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 3.44%. The ex-dividend date is Thursday, December 13th. NorthWestern’s dividend payout ratio is currently 66.67%.

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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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