American Century Companies Inc. increased its stake in NorthWestern Corp (NYSE:NWE) by 48.1% during the 4th quarter, HoldingsChannel reports. The fund owned 2,314,271 shares of the utilities provider’s stock after purchasing an additional 751,896 shares during the quarter. American Century Companies Inc.’s holdings in NorthWestern were worth $138,162,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Stifel Financial Corp raised its stake in shares of NorthWestern by 4.5% in the second quarter. Stifel Financial Corp now owns 8,166 shares of the utilities provider’s stock valued at $497,000 after acquiring an additional 350 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of NorthWestern by 0.8% in the second quarter. The Manufacturers Life Insurance Company now owns 107,149 shares of the utilities provider’s stock valued at $6,538,000 after acquiring an additional 806 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of NorthWestern by 1.9% in the second quarter. New York State Common Retirement Fund now owns 53,000 shares of the utilities provider’s stock valued at $3,234,000 after acquiring an additional 999 shares in the last quarter. Commonwealth Equity Services Inc raised its stake 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 valued at $257,000 after acquiring an additional 1,043 shares in the last quarter. Finally, Personal Capital Advisors Corp raised its stake 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 acquiring an additional 1,196 shares in the last quarter. Institutional investors and hedge funds own 93.17% of the company’s stock.
A number of research firms have weighed in on NWE. Zacks Investment Research upgraded NorthWestern from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. KeyCorp restated a “hold” rating on shares of NorthWestern in a research note on Friday, October 20th. Bank of America began coverage on NorthWestern in a research note on Tuesday, October 24th. They issued an “underperform” rating and a $54.00 price target on the stock. Finally, Credit Suisse Group cut their price target on NorthWestern from $60.00 to $58.00 and set an “underperform” rating on the stock in a research note on Friday, November 10th. Four analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. NorthWestern currently has an average rating of “Sell” and a consensus target price of $58.00.
Shares of NorthWestern Corp (NYSE:NWE) opened at $50.81 on Thursday. NorthWestern Corp has a 52 week low of $50.01 and a 52 week high of $64.47. The company has a quick ratio of 0.33, a current ratio of 0.42 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $2,470.00, a price-to-earnings ratio of 15.30, a price-to-earnings-growth ratio of 8.64 and a beta of 0.22.
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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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