NorthWestern Corp (NWE) Position Reduced by Boston Partners

Boston Partners lessened its stake in NorthWestern Corp (NYSE:NWE) by 22.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 61,960 shares of the utilities provider’s stock after selling 17,640 shares during the quarter. Boston Partners owned approximately 0.13% of NorthWestern worth $3,699,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of NWE. Shelton Capital Management purchased a new stake in NorthWestern in the 2nd quarter worth $222,000. Crossmark Global Holdings Inc. acquired a new stake in NorthWestern during the 3rd quarter worth $249,000. Commonwealth Equity Services Inc boosted its stake in NorthWestern by 29.9% during the 3rd quarter. Commonwealth Equity Services Inc now owns 4,526 shares of the utilities provider’s stock worth $257,000 after purchasing an additional 1,043 shares during the last quarter. National Investment Services Inc. WI acquired a new stake in NorthWestern during the 4th quarter worth $301,000. Finally, Fox Run Management L.L.C. acquired a new stake in NorthWestern during the 3rd quarter worth $319,000. 94.96% of the stock is owned by institutional investors.

Shares of NorthWestern Corp (NWE) opened at $51.82 on Wednesday. NorthWestern Corp has a one year low of $50.01 and a one year high of $64.47. The company has a current ratio of 0.42, a quick ratio of 0.33 and a debt-to-equity ratio of 1.05. The stock has a market cap of $2,533.23, a price-to-earnings ratio of 15.66, a price-to-earnings-growth ratio of 8.72 and a beta of 0.22.

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

In other NorthWestern news, CEO Robert C. Rowe sold 3,626 shares of NorthWestern stock in a transaction on Friday, December 1st. The shares were sold at an average price of $64.25, for a total transaction of $232,970.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.33% of the company’s stock.

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About NorthWestern

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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