Teachers Retirement System of The State of Kentucky lowered its stake in NorthWestern Corp (NYSE:NWE) by 12.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,122 shares of the utilities provider’s stock after selling 1,300 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in NorthWestern were worth $535,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Retirement Systems of Alabama lifted its stake in NorthWestern by 0.5% in the 3rd quarter. Retirement Systems of Alabama now owns 183,326 shares of the utilities provider’s stock worth $10,754,000 after purchasing an additional 961 shares in the last quarter. Arizona State Retirement System raised its position in shares of NorthWestern by 2.9% during the 2nd quarter. Arizona State Retirement System now owns 34,349 shares of the utilities provider’s stock valued at $1,966,000 after buying an additional 971 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of NorthWestern by 5.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 19,189 shares of the utilities provider’s stock valued at $1,099,000 after buying an additional 1,012 shares in the last quarter. Mutual of America Capital Management LLC raised its position in shares of NorthWestern by 1.2% during the 2nd quarter. Mutual of America Capital Management LLC now owns 112,176 shares of the utilities provider’s stock valued at $6,422,000 after buying an additional 1,277 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its position in shares of NorthWestern by 5.4% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 29,769 shares of the utilities provider’s stock valued at $1,704,000 after buying an additional 1,521 shares in the last quarter. Institutional investors and hedge funds own 97.14% of the company’s stock.

In other news, VP H. Grahame Heather sold 1,900 shares of the company’s stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $64.15, for a total value of $121,885.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jan Robert Horsfall sold 900 shares of the company’s stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $60.95, for a total transaction of $54,855.00. Following the completion of the sale, the director now directly owns 4,255 shares of the company’s stock, valued at approximately $259,342.25. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

Several analysts have recently issued reports on the stock. Zacks Investment Research cut shares of NorthWestern from a “buy” rating to a “hold” rating in a research report on Thursday, September 20th. Barclays set a $62.00 target price on shares of NorthWestern and gave the company a “hold” rating in a research report on Saturday, November 17th. Credit Suisse Group upped their target price on shares of NorthWestern from $55.00 to $56.00 and gave the company an “underperform” rating in a research report on Monday, October 1st. ValuEngine cut shares of NorthWestern from a “buy” rating to a “hold” rating in a research report on Friday, November 2nd. Finally, Wells Fargo & Co upped their target price on shares of NorthWestern from $59.00 to $61.00 and gave the company a “market perform” rating in a research report on Monday, September 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. NorthWestern has a consensus rating of “Hold” and an average target price of $61.50.

Shares of NYSE:NWE opened at $63.98 on Friday. The stock has a market cap of $3.22 billion, a P/E ratio of 19.39, a PEG ratio of 8.32 and a beta of 0.12. NorthWestern Corp has a 12 month low of $50.01 and a 12 month high of $65.74. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.56 and a current ratio of 0.71.

NorthWestern (NYSE:NWE) last issued its quarterly earnings results on Tuesday, October 23rd. The utilities provider reported $0.58 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.14). The firm had revenue of $279.87 million for the quarter, compared to the consensus estimate of $312.21 million. NorthWestern had a net margin of 14.53% and a return on equity of 9.64%. The business’s revenue for the quarter was down 9.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.74 earnings per share. On average, equities analysts forecast that NorthWestern Corp will post 3.4 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $2.20 annualized dividend and a yield of 3.44%. NorthWestern’s payout ratio is 66.67%.

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NorthWestern Profile

NorthWestern Corporation, doing business as NorthWestern Energy, provides electricity and natural gas to residential, commercial, and industrial customers. The company operates through Electric Operations and Natural Gas Operations segments. It generates, transmits, and distributes electricity; and produces, stores, transmits, and distributes natural gas, as well as owns municipal franchises to provide natural gas service in the communities.

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Institutional Ownership by Quarter for NorthWestern (NYSE:NWE)

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