ProShare Advisors LLC reduced its stake in shares of NorthWestern Corporation (NYSE:NWE) by 7.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,803 shares of the utilities provider’s stock after selling 10,319 shares during the quarter. ProShare Advisors LLC owned 0.26% of NorthWestern Corporation worth $7,554,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in NorthWestern Corporation by 25.0% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,983 shares of the utilities provider’s stock valued at $116,000 after purchasing an additional 397 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in NorthWestern Corporation during the 2nd quarter valued at $155,000. Riverhead Capital Management LLC raised its stake in NorthWestern Corporation by 62.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,931 shares of the utilities provider’s stock valued at $179,000 after purchasing an additional 1,131 shares during the last quarter. North Star Investment Management Corp. raised its stake in NorthWestern Corporation by 100.4% during the 2nd quarter. North Star Investment Management Corp. now owns 3,295 shares of the utilities provider’s stock valued at $201,000 after purchasing an additional 1,651 shares during the last quarter. Finally, Stevens Capital Management LP acquired a new position in NorthWestern Corporation during the 2nd quarter valued at $201,000. Hedge funds and other institutional investors own 98.33% of the company’s stock.

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Shares of NorthWestern Corporation (NYSE NWE) traded up 0.10% during trading on Tuesday, hitting $58.47. 11,257 shares of the stock were exchanged. NorthWestern Corporation has a 1-year low of $53.85 and a 1-year high of $63.86. The firm’s 50-day moving average is $59.95 and its 200 day moving average is $60.14. The company has a market cap of $2.83 billion, a P/E ratio of 16.95 and a beta of 0.36.

NorthWestern Corporation (NYSE:NWE) last announced its earnings results on Tuesday, July 25th. The utilities provider reported $0.47 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.15). NorthWestern Corporation had a return on equity of 9.31% and a net margin of 13.17%. The firm had revenue of $283.86 million for the quarter, compared to analyst estimates of $302.42 million. During the same quarter last year, the business posted $0.65 EPS. The firm’s revenue was down 3.2% compared to the same quarter last year. Equities analysts forecast that NorthWestern Corporation will post $3.39 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.525 per share. The ex-dividend date is Thursday, September 14th. This represents a $2.10 dividend on an annualized basis and a yield of 3.60%. NorthWestern Corporation’s dividend payout ratio (DPR) is currently 60.34%.

Several equities analysts recently commented on NWE shares. Zacks Investment Research cut shares of NorthWestern Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Credit Suisse Group cut shares of NorthWestern Corporation from a “neutral” rating to an “underperform” rating and cut their target price for the company from $62.00 to $60.00 in a research note on Monday, July 24th. Finally, BidaskClub upgraded shares of NorthWestern Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Three analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The company presently has an average rating of “Sell” and an average target price of $60.00.

In related news, CEO Robert C. Rowe sold 3,626 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $60.43, for a total transaction of $219,119.18. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.33% of the stock is currently owned by company insiders.

NorthWestern Corporation 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 Corporation (NYSE:NWE)

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