Public Employees Retirement System of Ohio reduced its position in shares of NorthWestern Corp (NYSE:NWE) by 5.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,352 shares of the utilities provider’s stock after selling 4,077 shares during the period. Public Employees Retirement System of Ohio’s holdings in NorthWestern were worth $5,355,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Alpha Windward LLC bought a new stake in NorthWestern in the 2nd quarter valued at about $25,000. CWM LLC grew its position in shares of NorthWestern by 954.5% during the 3rd quarter. CWM LLC now owns 348 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 315 shares in the last quarter. Quest Capital Management Inc. ADV bought a new position in shares of NorthWestern during the third quarter worth approximately $29,000. Krane Funds Advisors LLC bought a new position in shares of NorthWestern during the second quarter worth approximately $58,000. Finally, Penserra Capital Management LLC acquired a new stake in shares of NorthWestern in the third quarter valued at approximately $62,000. 97.00% of the stock is owned by institutional investors and hedge funds.

NWE opened at $70.92 on Wednesday. NorthWestern Corp has a twelve month low of $57.28 and a twelve month high of $76.72. The company has a 50-day simple moving average of $71.80 and a 200 day simple moving average of $72.28. The company has a quick ratio of 0.63, a current ratio of 0.80 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of 20.92, a P/E/G ratio of 7.70 and a beta of 0.15.

NorthWestern (NYSE:NWE) last released its earnings results on Tuesday, October 29th. The utilities provider reported $0.50 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.13). The firm had revenue of $274.84 million during the quarter, compared to the consensus estimate of $295.48 million. NorthWestern had a net margin of 16.84% and a return on equity of 9.57%. NorthWestern’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.58 earnings per share. Sell-side analysts anticipate that NorthWestern Corp will post 3.4 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.575 per share. The ex-dividend date is Thursday, December 12th. This represents a $2.30 annualized dividend and a dividend yield of 3.24%. NorthWestern’s dividend payout ratio is 67.85%.

In related news, CEO Robert C. Rowe sold 2,150 shares of NorthWestern stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $70.68, for a total value of $151,962.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.17% of the company’s stock.

Several equities research analysts recently issued reports on the company. Barclays reiterated a “sell” rating and issued a $71.00 price target on shares of NorthWestern in a research note on Thursday, October 31st. Wells Fargo & Co upgraded NorthWestern from a “market perform” rating to an “outperform” rating in a research note on Wednesday, November 27th. Finally, Williams Capital raised NorthWestern from a “sell” rating to a “hold” rating and set a $66.00 price objective for the company in a report on Monday, August 26th. Three research analysts have 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 a consensus rating of “Hold” and an average price target of $67.29.

NorthWestern Company 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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