California State Teachers Retirement System Cuts Holdings in NorthWestern Corp (NWE)

California State Teachers Retirement System lessened its holdings in shares of NorthWestern Corp (NYSE:NWE) by 1.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,827 shares of the utilities provider’s stock after selling 1,219 shares during the quarter. California State Teachers Retirement System owned about 0.16% of NorthWestern worth $4,587,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Sei Investments Co. lifted its holdings in shares of NorthWestern by 14.9% in the third quarter. Sei Investments Co. now owns 23,206 shares of the utilities provider’s stock worth $1,321,000 after buying an additional 3,009 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of NorthWestern by 219.8% in the fourth quarter. SG Americas Securities LLC now owns 64,551 shares of the utilities provider’s stock worth $3,854,000 after buying an additional 44,367 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of NorthWestern by 9.2% in the third quarter. Legal & General Group Plc now owns 203,160 shares of the utilities provider’s stock worth $11,570,000 after buying an additional 17,177 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of NorthWestern by 12.9% in the fourth quarter. Bank of Montreal Can now owns 77,054 shares of the utilities provider’s stock worth $4,600,000 after buying an additional 8,819 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of NorthWestern by 6.4% in the fourth quarter. Victory Capital Management Inc. now owns 26,671 shares of the utilities provider’s stock worth $1,592,000 after buying an additional 1,616 shares in the last quarter. Hedge funds and other institutional investors own 94.09% of the company’s stock.

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NWE has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of NorthWestern from a “hold” rating to a “sell” rating in a report on Friday, March 9th. Wells Fargo set a $55.00 price target on shares of NorthWestern and gave the stock a “hold” rating in a report on Wednesday, February 14th. Four equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Sell” and a consensus price target of $55.40.

Shares of NYSE:NWE opened at $53.80 on Friday. The company has a market capitalization of $2,657.56, a P/E ratio of 16.30, a P/E/G ratio of 6.63 and a beta of 0.28. 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.

NorthWestern (NYSE:NWE) last announced its earnings results on Monday, February 12th. The utilities provider reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.04). The company had revenue of $344.55 million during the quarter. NorthWestern had a net margin of 12.46% and a return on equity of 9.33%. analysts anticipate that NorthWestern Corp will post 3.42 EPS for the current fiscal year.

The business also recently announced a dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 15th were paid a $0.55 dividend. The ex-dividend date was Wednesday, March 14th. NorthWestern’s dividend payout ratio is currently 66.67%.

In related news, VP Patrick R. Corcoran sold 5,100 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $50.97, for a total value of $259,947.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Michael R. Cashell sold 1,000 shares of the firm’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 transaction of $50,950.00. The disclosure for this sale can be found here. Insiders sold 7,900 shares of company stock worth $414,181 over the last ninety days. 1.40% of the stock is currently owned by insiders.

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NorthWestern 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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