Flinton Capital Management LLC reduced its position in NorthWestern Corp (NYSE:NWE) by 12.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,892 shares of the utilities provider’s stock after selling 9,352 shares during the period. Flinton Capital Management LLC owned 0.14% of NorthWestern worth $3,993,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Advisor Group Inc. lifted its position in shares of NorthWestern by 105.9% in the fourth quarter. Advisor Group Inc. now owns 2,296 shares of the utilities provider’s stock worth $136,000 after buying an additional 1,181 shares in the last quarter. Crewe Advisors LLC purchased a new stake in shares of NorthWestern in the fourth quarter worth about $206,000. Crossmark Global Holdings Inc. purchased a new stake in shares of NorthWestern in the third quarter worth about $249,000. Commonwealth Equity Services Inc lifted its position in shares of NorthWestern by 29.9% in the third quarter. Commonwealth Equity Services Inc now owns 4,526 shares of the utilities provider’s stock worth $257,000 after buying an additional 1,043 shares in the last quarter. Finally, Koch Industries Inc. purchased a new stake in shares of NorthWestern in the fourth quarter worth about $293,000. Institutional investors own 94.09% of the company’s stock.
A number of equities research analysts recently commented on the company. Wells Fargo set a $55.00 target price on NorthWestern and gave the stock a “hold” rating in a research report on Wednesday, February 14th. Zacks Investment Research downgraded NorthWestern from a “buy” rating to a “hold” rating in a research report on Thursday. Four analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The company has an average rating of “Sell” and a consensus price target of $55.60.
In other news, Director Jan Robert Horsfall sold 1,800 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $57.38, for a total transaction of $103,284.00. Following the transaction, the director now owns 5,155 shares of the company’s stock, valued at $295,793.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Michael R. Cashell sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $50.95, for a total value of $50,950.00. The disclosure for this sale can be found here. Insiders have sold 7,900 shares of company stock worth $414,181 over the last three months. 1.40% of the stock is currently owned by insiders.
Shares of NYSE NWE opened at $53.89 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.39 and a debt-to-equity ratio of 1.01. NorthWestern Corp has a 1-year low of $50.01 and a 1-year high of $64.47. The company has a market cap of $2,644.23, a price-to-earnings ratio of 16.33, a P/E/G ratio of 6.60 and a beta of 0.23.
NorthWestern (NYSE:NWE) last issued its quarterly earnings data on Monday, February 12th. The utilities provider reported $0.98 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.02 by ($0.04). NorthWestern had a return on equity of 9.33% and a net margin of 12.46%. The company had revenue of $344.55 million for the quarter. analysts predict that NorthWestern Corp will post 3.42 EPS for the current fiscal year.
The business also recently disclosed a dividend, which was paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Wednesday, March 14th. NorthWestern’s payout ratio is currently 66.67%.
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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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