Crossmark Global Holdings Inc. Buys New Holdings in NorthWestern Corporation (NWE)

Crossmark Global Holdings Inc. bought a new stake in NorthWestern Corporation (NYSE:NWE) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,380 shares of the utilities provider’s stock, valued at approximately $249,000.

Several other large investors have also made changes to their positions in the company. Aperio Group LLC raised its holdings in shares of NorthWestern by 12.5% in the third quarter. Aperio Group LLC now owns 40,250 shares of the utilities provider’s stock valued at $2,292,000 after buying an additional 4,469 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in shares of NorthWestern by 1.2% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 959,250 shares of the utilities provider’s stock valued at $54,620,000 after buying an additional 11,650 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of NorthWestern by 1.7% in the third quarter. First Trust Advisors LP now owns 149,816 shares of the utilities provider’s stock valued at $8,531,000 after buying an additional 2,465 shares during the last quarter. Personal Capital Advisors Corp raised its holdings in shares of NorthWestern by 2.5% in the third quarter. Personal Capital Advisors Corp now owns 49,010 shares of the utilities provider’s stock valued at $2,791,000 after buying an additional 1,196 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in shares of NorthWestern in the third quarter valued at about $319,000. 93.70% of the stock is owned by institutional investors and hedge funds.

Shares of NorthWestern Corporation (NYSE NWE) traded down $0.50 during trading on Friday, hitting $63.76. 232,139 shares of the stock were exchanged, compared to its average volume of 301,047. NorthWestern Corporation has a twelve month low of $54.07 and a twelve month high of $64.38. 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 firm has a market capitalization of $3,122.68, a price-to-earnings ratio of 19.41, a price-to-earnings-growth ratio of 12.35 and a beta of 0.37.

NorthWestern (NYSE:NWE) last issued its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). NorthWestern had a return on equity of 9.41% and a net margin of 12.44%. The firm had revenue of $309.90 million for the quarter, compared to analyst estimates of $305.60 million. During the same quarter last year, the firm earned $0.68 earnings per share. The company’s revenue was up 3.0% compared to the same quarter last year. equities analysts forecast that NorthWestern Corporation will post 3.39 EPS for the current fiscal year.

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 dividend of $0.525 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $2.10 annualized dividend and a yield of 3.29%. NorthWestern’s payout ratio is currently 63.44%.

In other NorthWestern news, CEO Robert C. Rowe sold 3,626 shares of the company’s stock in a transaction dated 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 document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.33% of the company’s stock.

A number of equities research analysts have recently commented on NWE shares. Zacks Investment Research raised shares of NorthWestern from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. KeyCorp reiterated a “hold” rating on shares of NorthWestern in a research note on Friday, October 20th. BidaskClub upgraded shares of NorthWestern from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 8th. Credit Suisse Group dropped their price target 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. Finally, Bank of America assumed coverage on shares of NorthWestern in a research note on Tuesday, October 24th. They set an “underperform” rating and a $54.00 price target on the stock. Four research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The stock has an average rating of “Sell” and a consensus price target of $58.00.

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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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