Quantbot Technologies LP Trims Stake in NorthWestern Corp (NWE)

Quantbot Technologies LP trimmed its stake in shares of NorthWestern Corp (NYSE:NWE) by 24.1% in the third quarter, HoldingsChannel.com reports. The fund owned 22,931 shares of the utilities provider’s stock after selling 7,278 shares during the period. Quantbot Technologies LP’s holdings in NorthWestern were worth $1,345,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in NorthWestern by 5.7% in the first quarter. Principal Financial Group Inc. now owns 216,986 shares of the utilities provider’s stock worth $11,674,000 after buying an additional 11,750 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in NorthWestern by 10.8% in the second quarter. BNP Paribas Arbitrage SA now owns 62,378 shares of the utilities provider’s stock worth $3,571,000 after buying an additional 6,062 shares in the last quarter. Dupont Capital Management Corp purchased a new stake in NorthWestern in the second quarter worth approximately $1,277,000. Aperio Group LLC boosted its stake in NorthWestern by 46.6% in the second quarter. Aperio Group LLC now owns 101,709 shares of the utilities provider’s stock worth $5,823,000 after buying an additional 32,346 shares in the last quarter. Finally, TD Asset Management Inc. lifted its position in NorthWestern by 24.2% in the second quarter. TD Asset Management Inc. now owns 56,747 shares of the utilities provider’s stock valued at $3,249,000 after purchasing an additional 11,056 shares during the last quarter. Institutional investors own 97.14% of the company’s stock.

Shares of NWE stock opened at $63.96 on Monday. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.07. NorthWestern Corp has a fifty-two week low of $50.01 and a fifty-two week high of $64.76. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of 19.38, a P/E/G ratio of 8.31 and a beta of 0.11.

NorthWestern (NYSE:NWE) last announced its quarterly earnings data on Tuesday, October 23rd. The utilities provider reported $0.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.14). NorthWestern had a net margin of 14.53% and a return on equity of 9.64%. The company had revenue of $279.87 million during the quarter, compared to the consensus estimate of $312.21 million. During the same quarter in the previous year, the firm posted $0.74 EPS. The business’s revenue for the quarter was down 9.7% compared to the same quarter last year. On average, equities analysts predict that NorthWestern Corp will post 3.4 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be given a $0.55 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $2.20 annualized dividend and a yield of 3.44%. NorthWestern’s payout ratio is currently 66.67%.

Several brokerages have weighed in on NWE. Zacks Investment Research upgraded NorthWestern from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st. Barclays set a $62.00 price objective on NorthWestern and gave the company a “hold” rating in a research report on Saturday, November 17th. ValuEngine upgraded NorthWestern from a “hold” rating to a “buy” rating in a research report on Tuesday, November 13th. Finally, Wells Fargo & Co boosted their price objective on NorthWestern from $59.00 to $61.00 and gave the company a “market perform” rating in a research report on Monday, September 17th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $61.50.

In related news, Director Jan Robert Horsfall sold 900 shares of the company’s stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $60.95, for a total transaction of $54,855.00. Following the completion of the transaction, the director now owns 4,255 shares in the company, valued at $259,342.25. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP H. Grahame Heather sold 1,900 shares of the company’s stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $64.15, for a total value of $121,885.00. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

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About NorthWestern

NorthWestern Corporation, doing business as NorthWestern Energy, provides electricity and natural gas to residential, commercial, and industrial customers. The company operates through Electric Operations and Natural Gas Operations segments. It generates, transmits, and distributes electricity; and produces, stores, transmits, and distributes natural gas, as well as owns municipal franchises to provide natural gas service in the communities.

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Institutional Ownership by Quarter for NorthWestern (NYSE:NWE)

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