NorthWestern Corp (NWE) Shares Sold by Systematic Financial Management LP

Systematic Financial Management LP cut its position in shares of NorthWestern Corp (NYSE:NWE) by 3.0% in the fourth quarter, HoldingsChannel reports. The firm owned 380,023 shares of the utilities provider’s stock after selling 11,944 shares during the period. Systematic Financial Management LP’s holdings in NorthWestern were worth $22,687,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. raised its position in shares of NorthWestern by 48.1% in the 4th quarter. American Century Companies Inc. now owns 2,314,271 shares of the utilities provider’s stock worth $138,162,000 after acquiring an additional 751,896 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of NorthWestern by 34.9% in the 3rd quarter. Janus Henderson Group PLC now owns 811,575 shares of the utilities provider’s stock worth $46,211,000 after acquiring an additional 209,765 shares in the last quarter. Hillcrest Asset Management LLC bought a new position in shares of NorthWestern in the 3rd quarter worth $9,870,000. Retirement Systems of Alabama grew its stake in NorthWestern by 189.6% during the 3rd quarter. Retirement Systems of Alabama now owns 180,841 shares of the utilities provider’s stock worth $10,297,000 after buying an additional 118,388 shares during the last quarter. Finally, State Street Corp grew its stake in NorthWestern by 7.0% during the 2nd quarter. State Street Corp now owns 1,799,646 shares of the utilities provider’s stock worth $109,811,000 after buying an additional 118,101 shares during the last quarter. 93.03% of the stock is owned by institutional investors and hedge funds.

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NorthWestern Corp (NYSE:NWE) opened at $52.27 on Tuesday. The firm has a market capitalization of $2,581.99, a PE ratio of 15.70, a P/E/G ratio of 7.48 and a beta of 0.22. NorthWestern Corp has a fifty-two week low of $50.01 and a fifty-two week high of $64.47. The company has a quick ratio of 0.39, a current ratio of 0.47 and a debt-to-equity ratio of 1.01.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be issued a $0.55 dividend. This is a boost from NorthWestern’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $2.20 dividend on an annualized basis and a yield of 4.21%. NorthWestern’s dividend payout ratio is presently 62.87%.

Several brokerages recently weighed in on NWE. Credit Suisse Group dropped their target price on NorthWestern from $60.00 to $58.00 and set an “underperform” rating on the stock in a research note on Friday, November 10th. Zacks Investment Research upgraded NorthWestern from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Bank of America began coverage on NorthWestern in a research note on Tuesday, October 24th. They set an “underperform” rating and a $54.00 price target on the stock. Finally, Wells Fargo & Co set a $55.00 price target on NorthWestern and gave the company a “hold” rating in a research note on Wednesday, February 14th. Four analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The company currently has an average rating of “Sell” and an average target price of $57.40.

In other NorthWestern news, VP Patrick R. Corcoran sold 5,100 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $50.97, for a total transaction of $259,947.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert C. Rowe sold 3,626 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $64.25, for a total value of $232,970.50. The disclosure for this sale can be found here. Corporate insiders own 1.33% of the company’s stock.

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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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