Renaissance Technologies LLC cut its position in shares of NorthWestern Corporation (NYSE:NWE) by 43.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,100 shares of the utilities provider’s stock after selling 41,300 shares during the period. Renaissance Technologies LLC’s holdings in NorthWestern Corporation were worth $3,176,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in NorthWestern Corporation by 25.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,983 shares of the utilities provider’s stock worth $116,000 after buying an additional 397 shares in the last quarter. Capstone Asset Management Co. increased its position in NorthWestern Corporation by 8.2% in the first quarter. Capstone Asset Management Co. now owns 3,830 shares of the utilities provider’s stock worth $225,000 after buying an additional 290 shares in the last quarter. Envestnet Asset Management Inc. increased its position in NorthWestern Corporation by 2.3% in the first quarter. Envestnet Asset Management Inc. now owns 3,956 shares of the utilities provider’s stock worth $232,000 after buying an additional 88 shares in the last quarter. Stockman Wealth Management Inc. increased its position in NorthWestern Corporation by 6.7% in the first quarter. Stockman Wealth Management Inc. now owns 3,964 shares of the utilities provider’s stock worth $233,000 after buying an additional 250 shares in the last quarter. Finally, 1st Global Advisors Inc. increased its position in NorthWestern Corporation by 6.2% in the first quarter. 1st Global Advisors Inc. now owns 4,201 shares of the utilities provider’s stock worth $247,000 after buying an additional 246 shares in the last quarter. Institutional investors own 94.33% of the company’s stock.

NorthWestern Corporation (NYSE NWE) traded down 0.69% during trading on Friday, reaching $60.18. The company had a trading volume of 286,670 shares. The company has a 50 day moving average price of $60.32 and a 200 day moving average price of $59.60. NorthWestern Corporation has a 52-week low of $53.85 and a 52-week high of $63.86. The company has a market capitalization of $2.92 billion, a PE ratio of 17.45 and a beta of 0.36.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date is Thursday, September 14th. NorthWestern Corporation’s dividend payout ratio is presently 60.34%.

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A number of equities analysts recently commented on the company. BidaskClub upgraded NorthWestern Corporation from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Zacks Investment Research downgraded NorthWestern Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Credit Suisse Group downgraded NorthWestern Corporation from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $62.00 to $60.00 in a report on Monday, July 24th. Finally, Williams Capital increased their price objective on NorthWestern Corporation from $61.00 to $64.00 and gave the stock a “hold” rating in a report on Wednesday, July 5th. Three research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The company presently has an average rating of “Sell” and a consensus target price of $60.00.

In related news, CEO Robert C. Rowe sold 7,252 shares of NorthWestern Corporation stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $60.89, for a total value of $441,574.28. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Patrick R. Corcoran sold 7,487 shares of NorthWestern Corporation stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $62.72, for a total value of $469,584.64. Following the completion of the sale, the vice president now directly owns 13,259 shares in the company, valued at approximately $831,604.48. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by company insiders.

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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