OxFORD Asset Management LLP lowered its stake in shares of NorthWestern Corporation (NYSE:NWE) by 62.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 12,674 shares of the utilities provider’s stock after selling 20,652 shares during the period. OxFORD Asset Management LLP’s holdings in NorthWestern were worth $729,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NWE. Strs Ohio increased its position in shares of NorthWestern by 8.2% during the 2nd quarter. Strs Ohio now owns 5,300 shares of the utilities provider’s stock valued at $323,000 after purchasing an additional 400 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in NorthWestern by 4.0% in the 2nd quarter. Great West Life Assurance Co. Can now owns 29,396 shares of the utilities provider’s stock worth $1,792,000 after acquiring an additional 1,119 shares in the last quarter. Sei Investments Co. increased its holdings in NorthWestern by 5.8% in the 2nd quarter. Sei Investments Co. now owns 20,197 shares of the utilities provider’s stock worth $1,232,000 after acquiring an additional 1,107 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in NorthWestern by 5.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 284,172 shares of the utilities provider’s stock worth $17,341,000 after acquiring an additional 13,728 shares in the last quarter. Finally, Arizona State Retirement System increased its holdings in NorthWestern by 1.5% in the 2nd quarter. Arizona State Retirement System now owns 20,400 shares of the utilities provider’s stock worth $1,245,000 after acquiring an additional 300 shares in the last quarter. 93.64% of the stock is owned by hedge funds and other institutional investors.

Shares of NorthWestern Corporation (NYSE NWE) opened at $59.27 on Monday. The company has a current ratio of 0.42, a quick ratio of 0.33 and a debt-to-equity ratio of 1.05. NorthWestern Corporation has a fifty-two week low of $55.65 and a fifty-two week high of $64.47. The stock has a market cap of $2,920.00, a P/E ratio of 17.85, a price-to-earnings-growth ratio of 11.24 and a beta of 0.37.

NorthWestern (NYSE:NWE) last announced its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). NorthWestern had a net margin of 12.44% and a return on equity of 9.41%. The company 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 earned $0.68 earnings per share. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. equities research analysts anticipate that NorthWestern Corporation will post 3.39 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.525 per share. The ex-dividend date is Thursday, December 14th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 3.54%. NorthWestern’s dividend payout ratio is currently 63.25%.

NWE has been the subject of several analyst reports. Credit Suisse Group reduced their target price on shares of NorthWestern from $60.00 to $58.00 and set an “underperform” rating for the company in a report on Friday, November 10th. Bank of America initiated coverage on shares of NorthWestern in a report on Tuesday, October 24th. They issued an “underperform” rating and a $54.00 target price for the company. Zacks Investment Research raised shares of NorthWestern from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. Finally, KeyCorp reissued a “hold” rating on shares of NorthWestern in a report on Friday, October 20th. Four research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. The stock presently has a consensus rating of “Sell” and an average price target of $58.00.

In other news, CEO Robert C. Rowe sold 3,626 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $64.25, for a total transaction of $232,970.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.33% of the stock is currently owned by corporate insiders.

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NorthWestern 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 (NYSE:NWE)

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