Amalgamated Bank increased its stake in shares of NorthWestern Corporation (NYSE:NWE) by 1.4% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 6,927 shares of the utilities provider’s stock after acquiring an additional 93 shares during the period. Amalgamated Bank’s holdings in NorthWestern Corporation were worth $423,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA lifted its position in NorthWestern Corporation by 110.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 26,364 shares of the utilities provider’s stock worth $1,609,000 after acquiring an additional 13,847 shares in the last quarter. State Street Corp lifted its position in NorthWestern Corporation by 4.3% during the 1st quarter. State Street Corp now owns 1,681,545 shares of the utilities provider’s stock worth $98,705,000 after acquiring an additional 69,473 shares in the last quarter. Legal & General Group Plc lifted its position in NorthWestern Corporation by 9.1% during the 2nd quarter. Legal & General Group Plc now owns 185,983 shares of the utilities provider’s stock worth $11,352,000 after acquiring an additional 15,472 shares in the last quarter. Prudential Financial Inc. lifted its position in NorthWestern Corporation by 119.2% during the 2nd quarter. Prudential Financial Inc. now owns 609,981 shares of the utilities provider’s stock worth $37,221,000 after acquiring an additional 331,703 shares in the last quarter. Finally, Federated Investors Inc. PA lifted its position in NorthWestern Corporation by 6.5% during the 2nd quarter. Federated Investors Inc. PA now owns 130,224 shares of the utilities provider’s stock worth $7,946,000 after acquiring an additional 7,926 shares in the last quarter. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NorthWestern Corporation (NWE) opened at 57.37 on Friday. NorthWestern Corporation has a 52-week low of $53.97 and a 52-week high of $63.86. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 16.63 and a beta of 0.36. The company’s 50 day moving average price is $59.03 and its 200 day moving average price is $60.12.

NorthWestern Corporation (NYSE:NWE) last announced its quarterly earnings data on Tuesday, July 25th. The utilities provider reported $0.47 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.15). NorthWestern Corporation had a return on equity of 9.31% and a net margin of 13.17%. The firm had revenue of $283.86 million during the quarter, compared to the consensus estimate of $302.42 million. During the same quarter in the prior year, the business posted $0.65 EPS. NorthWestern Corporation’s revenue was down 3.2% compared to the same quarter last year. Analysts forecast that NorthWestern Corporation will post $3.39 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a $0.525 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 3.66%. NorthWestern Corporation’s dividend payout ratio is currently 60.34%.

In other NorthWestern Corporation news, CEO Robert C. Rowe sold 3,626 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $60.43, for a total value of $219,119.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.33% of the stock is currently owned by company insiders.

NWE has been the topic of several recent research reports. BidaskClub raised NorthWestern Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Williams Capital boosted their price target on NorthWestern Corporation from $61.00 to $64.00 and gave the stock a “hold” rating in a research report on Wednesday, July 5th. Zacks Investment Research raised NorthWestern Corporation from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research report on Friday, July 7th. Finally, Credit Suisse Group lowered NorthWestern Corporation from a “neutral” rating to an “underperform” rating and cut their target price for the company from $62.00 to $60.00 in a research report on Monday, July 24th. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. NorthWestern Corporation presently has a consensus rating of “Sell” and an average price target of $60.00.

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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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