5,600 Shares in NorthWestern Corporation (NWE) Acquired by Fox Run Management L.L.C.

Fox Run Management L.L.C. bought a new stake in NorthWestern Corporation (NYSE:NWE) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,600 shares of the utilities provider’s stock, valued at approximately $319,000.

Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of NorthWestern Corporation by 4.7% in the second quarter. Vanguard Group Inc. now owns 4,458,394 shares of the utilities provider’s stock valued at $272,052,000 after acquiring an additional 200,531 shares in the last quarter. State Street Corp grew its holdings in shares of NorthWestern Corporation by 7.0% in the second quarter. State Street Corp now owns 1,799,646 shares of the utilities provider’s stock valued at $109,811,000 after acquiring an additional 118,101 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of NorthWestern Corporation by 7.4% in the second quarter. American Century Companies Inc. now owns 1,501,387 shares of the utilities provider’s stock valued at $91,615,000 after acquiring an additional 103,273 shares in the last quarter. Northern Trust Corp grew its holdings in shares of NorthWestern Corporation by 7.4% in the second quarter. Northern Trust Corp now owns 1,404,504 shares of the utilities provider’s stock valued at $85,702,000 after acquiring an additional 96,231 shares in the last quarter. Finally, Westwood Holdings Group Inc. grew its holdings in shares of NorthWestern Corporation by 3.5% in the second quarter. Westwood Holdings Group Inc. now owns 1,063,451 shares of the utilities provider’s stock valued at $64,872,000 after acquiring an additional 36,397 shares in the last quarter. 98.37% of the stock is owned by institutional investors.

In other NorthWestern Corporation news, CEO Robert C. Rowe sold 3,626 shares of NorthWestern Corporation stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $60.43, for a total value of $219,119.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.33% of the company’s stock.

Several equities analysts have weighed in on the company. Zacks Investment Research raised NorthWestern Corporation from a “sell” rating to a “hold” rating in a report on Wednesday. Bank of America Corporation assumed coverage on NorthWestern Corporation in a report on Tuesday, October 24th. They set an “underperform” rating and a $54.00 price objective for the company. KeyCorp reissued a “hold” rating on shares of NorthWestern Corporation in a report on Friday, October 20th. BidaskClub raised NorthWestern Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 8th. Finally, Williams Capital lowered NorthWestern Corporation from a “hold” rating to a “sell” rating and reduced their price objective for the company from $64.00 to $52.00 in a report on Monday, July 31st. Four equities research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The company currently has a consensus rating of “Sell” and an average price target of $58.50.

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NorthWestern Corporation (NYSE:NWE) last posted its earnings results on Wednesday, November 1st. The utilities provider reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). NorthWestern Corporation had a return on equity of 9.45% and a net margin of 12.44%. The company had revenue of $309.90 million during the quarter, compared to the consensus estimate of $305.60 million. During the same period last year, the firm posted $0.68 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date is Thursday, December 14th. NorthWestern Corporation’s dividend payout ratio (DPR) is presently 63.44%.

About NorthWestern Corporation

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.

Institutional Ownership by Quarter for NorthWestern Corporation (NYSE:NWE)

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