New York State Teachers Retirement System grew its position in NorthWestern Corporation (NYSE:NWE) by 4.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,400 shares of the utilities provider’s stock after acquiring an additional 2,400 shares during the quarter. New York State Teachers Retirement System owned 0.11% of NorthWestern Corporation worth $3,098,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of NorthWestern Corporation by 4.7% during the 2nd quarter. Vanguard Group Inc. now owns 4,458,394 shares of the utilities provider’s stock valued at $272,052,000 after purchasing an additional 200,531 shares during the last quarter. State Street Corp increased its position in shares of NorthWestern Corporation by 7.0% during the 2nd quarter. State Street Corp now owns 1,799,646 shares of the utilities provider’s stock valued at $109,811,000 after purchasing an additional 118,101 shares during the last quarter. American Century Companies Inc. increased its position in shares of NorthWestern Corporation by 7.4% during the 2nd quarter. American Century Companies Inc. now owns 1,501,387 shares of the utilities provider’s stock valued at $91,615,000 after purchasing an additional 103,273 shares during the last quarter. Northern Trust Corp increased its position in shares of NorthWestern Corporation by 7.4% during the 2nd quarter. Northern Trust Corp now owns 1,404,504 shares of the utilities provider’s stock valued at $85,702,000 after purchasing an additional 96,231 shares during the last quarter. Finally, Westwood Holdings Group Inc. increased its position in shares of NorthWestern Corporation by 3.5% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,063,451 shares of the utilities provider’s stock valued at $64,872,000 after purchasing an additional 36,397 shares during the last quarter. 97.32% of the stock is currently owned by hedge funds and other institutional investors.

NorthWestern Corporation (NYSE NWE) opened at $60.34 on Friday. NorthWestern Corporation has a 1-year low of $54.07 and a 1-year high of $63.86. The company has a current ratio of 0.42, a quick ratio of 0.33 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $2,932.22, a price-to-earnings ratio of 18.23, a P/E/G ratio of 11.59 and a beta of 0.35.

NorthWestern Corporation (NYSE:NWE) last posted its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.74 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.01). NorthWestern Corporation had a net margin of 12.44% and a return on equity of 9.41%. The business had revenue of $309.90 million for the quarter, compared to analysts’ expectations of $305.60 million. During the same quarter in the previous year, the firm earned $0.68 EPS. NorthWestern Corporation’s revenue was up 3.0% compared to the same quarter last year. equities analysts expect that NorthWestern Corporation will post 3.39 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend is Thursday, December 14th. NorthWestern Corporation’s payout ratio is currently 63.44%.

Several equities analysts have recently weighed in on the company. Credit Suisse Group cut their target price on NorthWestern Corporation from $60.00 to $58.00 and set an “underperform” rating on the stock in a research report on Friday. Williams Capital downgraded NorthWestern Corporation from a “hold” rating to a “sell” rating and cut their target price for the company from $64.00 to $52.00 in a research report on Monday, July 31st. BidaskClub downgraded NorthWestern Corporation from a “hold” rating to a “sell” rating in a research report on Sunday, July 30th. Zacks Investment Research downgraded NorthWestern Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, July 29th. Finally, KeyCorp reissued a “hold” rating on shares of NorthWestern Corporation in a research report on Friday, October 20th. Four analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The company has a consensus rating of “Sell” and a consensus target price of $58.00.

In related news, CEO Robert C. Rowe sold 3,626 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $60.43, for a total transaction of $219,119.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.33% of the stock is owned by insiders.

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NorthWestern Corporation Company Profile

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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