NorthWestern Corp (NWE) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN lowered its stake in shares of NorthWestern Corp (NYSE:NWE) by 28.7% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 224,955 shares of the utilities provider’s stock after selling 90,736 shares during the period. Wells Fargo & Company MN owned approximately 0.45% of NorthWestern worth $13,196,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Retirement Systems of Alabama increased its stake in NorthWestern by 0.5% in the third quarter. Retirement Systems of Alabama now owns 183,326 shares of the utilities provider’s stock valued at $10,754,000 after acquiring an additional 961 shares during the period. Arizona State Retirement System increased its stake in NorthWestern by 2.9% in the second quarter. Arizona State Retirement System now owns 34,349 shares of the utilities provider’s stock valued at $1,966,000 after acquiring an additional 971 shares during the period. Oregon Public Employees Retirement Fund increased its stake in NorthWestern by 5.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 19,189 shares of the utilities provider’s stock valued at $1,099,000 after acquiring an additional 1,012 shares during the period. Mutual of America Capital Management LLC increased its stake in NorthWestern by 1.2% in the second quarter. Mutual of America Capital Management LLC now owns 112,176 shares of the utilities provider’s stock valued at $6,422,000 after acquiring an additional 1,277 shares during the period. Finally, Metropolitan Life Insurance Co. NY increased its stake in NorthWestern by 5.4% in the second quarter. Metropolitan Life Insurance Co. NY now owns 29,769 shares of the utilities provider’s stock valued at $1,704,000 after acquiring an additional 1,521 shares during the period. 97.14% of the stock is owned by institutional investors and hedge funds.

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

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

Shares of NorthWestern stock opened at $64.28 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.07. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 8.32 and a beta of 0.12. NorthWestern Corp has a 1-year low of $50.01 and a 1-year high of $65.74.

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

The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be paid 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 dividend yield of 3.42%. NorthWestern’s dividend payout ratio (DPR) is currently 66.67%.

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About NorthWestern

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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