California Public Employees Retirement System raised its stake in shares of NorthWestern Corporation (NYSE:NWE) by 7.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 109,358 shares of the utilities provider’s stock after purchasing an additional 7,458 shares during the quarter. California Public Employees Retirement System owned 0.23% of NorthWestern worth $6,227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in NWE. Riverhead Capital Management LLC lifted its position in NorthWestern by 62.8% during the second quarter. Riverhead Capital Management LLC now owns 2,931 shares of the utilities provider’s stock valued at $179,000 after purchasing an additional 1,131 shares during the last quarter. Stevens Capital Management LP purchased a new position in shares of NorthWestern during the second quarter worth approximately $201,000. Legg Mason Asset Management Japan Co. Ltd. purchased a new position in shares of NorthWestern during the second quarter worth approximately $207,000. Prudential PLC purchased a new position in shares of NorthWestern during the second quarter worth approximately $207,000. Finally, Shelton Capital Management purchased a new position in shares of NorthWestern during the second quarter worth approximately $222,000. Institutional investors and hedge funds own 93.64% of the company’s stock.

NorthWestern Corporation (NYSE NWE) opened at $57.45 on Friday. The company has a market cap of $2,809.25, a P/E ratio of 17.36, a price-to-earnings-growth ratio of 10.98 and a beta of 0.38. NorthWestern Corporation has a one year low of $55.65 and a one year high of $64.47. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.33 and a current ratio of 0.42.

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

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend was Thursday, December 14th. NorthWestern’s payout ratio is 63.44%.

In related news, CEO Robert C. Rowe sold 3,626 shares of NorthWestern stock in a transaction on Friday, December 1st. The shares were sold at an average price of $64.25, for a total value of $232,970.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.33% of the stock is owned by insiders.

Several research analysts have commented on NWE shares. Zacks Investment Research raised shares of NorthWestern from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. KeyCorp reissued a “hold” rating on shares of NorthWestern in a research note on Friday, October 20th. Credit Suisse Group decreased their price target 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. Finally, Bank of America started coverage on shares of NorthWestern in a research note on Tuesday, October 24th. They set an “underperform” rating and a $54.00 price target on the stock. Four investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The company presently has an average rating of “Sell” and a consensus price target of $58.00.

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NorthWestern 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 (NYSE:NWE)

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