First Trust Advisors LP Has $8.19 Million Position in NorthWestern Corp (NWE)
First Trust Advisors LP trimmed its position in NorthWestern Corp (NYSE:NWE) by 8.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 137,137 shares of the utilities provider’s stock after selling 12,679 shares during the quarter. First Trust Advisors LP’s holdings in NorthWestern were worth $8,187,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in shares of NorthWestern by 2.2% in the third quarter. JPMorgan Chase & Co. now owns 2,558,351 shares of the utilities provider’s stock worth $147,105,000 after buying an additional 54,059 shares during the period. American Century Companies Inc. increased its stake in shares of NorthWestern by 48.1% in the fourth quarter. American Century Companies Inc. now owns 2,314,271 shares of the utilities provider’s stock worth $138,162,000 after buying an additional 751,896 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of NorthWestern by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 987,924 shares of the utilities provider’s stock worth $56,253,000 after buying an additional 7,630 shares during the period. Janus Henderson Group PLC increased its stake in shares of NorthWestern by 34.9% in the third quarter. Janus Henderson Group PLC now owns 811,575 shares of the utilities provider’s stock worth $46,211,000 after buying an additional 209,765 shares during the period. Finally, Prudential Financial Inc. increased its stake in shares of NorthWestern by 12.8% in the third quarter. Prudential Financial Inc. now owns 688,091 shares of the utilities provider’s stock worth $39,179,000 after buying an additional 78,110 shares during the period. 92.92% of the stock is currently owned by institutional investors.
NorthWestern Corp (NWE) opened at $51.06 on Monday. The company has a current ratio of 0.47, a quick ratio of 0.39 and a debt-to-equity ratio of 1.01. The stock has a market cap of $2,522.22, a price-to-earnings ratio of 15.33, a price-to-earnings-growth ratio of 6.28 and a beta of 0.28. NorthWestern Corp has a 1 year low of $50.01 and a 1 year high of $64.47.
Several research analysts recently commented on the stock. Credit Suisse Group decreased 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. Wells Fargo & Co set a $55.00 price objective on shares of NorthWestern and gave the company a “hold” rating in a research report on Wednesday, February 14th. Four analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. NorthWestern presently has a consensus rating of “Sell” and an average price target of $57.40.
In other NorthWestern news, VP Michael R. Cashell sold 1,000 shares of the business’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $50.95, for a total transaction of $50,950.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jan Robert Horsfall sold 1,800 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $57.38, for a total transaction of $103,284.00. Following the transaction, the director now directly owns 5,155 shares in the company, valued at $295,793.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,900 shares of company stock worth $414,181. Insiders own 1.33% of the company’s stock.
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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