Cortland Advisers LLC reduced its holdings in NorthWestern Corporation (NYSE:NWE) by 3.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 183,524 shares of the utilities provider’s stock after selling 6,687 shares during the quarter. NorthWestern accounts for about 0.5% of Cortland Advisers LLC’s investment portfolio, making the stock its 28th largest holding. Cortland Advisers LLC owned about 0.38% of NorthWestern worth $10,450,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in NWE. Alliancebernstein L.P. increased its holdings in shares of NorthWestern by 1,275.3% in the second quarter. Alliancebernstein L.P. now owns 933,993 shares of the utilities provider’s stock worth $56,992,000 after acquiring an additional 866,081 shares in the last quarter. Janus Henderson Group PLC bought a new stake in shares of NorthWestern in the second quarter worth about $36,722,000. Prudential Financial Inc. increased its holdings in shares of NorthWestern by 119.2% in the second quarter. Prudential Financial Inc. now owns 609,981 shares of the utilities provider’s stock worth $37,221,000 after acquiring an additional 331,703 shares in the last quarter. Teachers Advisors LLC increased its holdings in shares of NorthWestern by 87.1% in the second quarter. Teachers Advisors LLC now owns 618,396 shares of the utilities provider’s stock worth $37,735,000 after acquiring an additional 287,912 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of NorthWestern by 4.7% in the second quarter. Vanguard Group Inc. now owns 4,458,394 shares of the utilities provider’s stock worth $272,052,000 after acquiring an additional 200,531 shares in the last quarter. Institutional investors own 93.70% of the company’s stock.

In related news, CEO Robert C. Rowe sold 3,626 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $64.25, for a total transaction of $232,970.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.33% of the stock is currently owned by company insiders.

NorthWestern Corporation (NYSE NWE) opened at $63.76 on Friday. 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 stock has a market capitalization of $3,098.42, a PE ratio of 19.26, a P/E/G ratio of 12.25 and a beta of 0.37. NorthWestern Corporation has a fifty-two week low of $54.07 and a fifty-two week high of $64.38.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a dividend of $0.525 per share. The ex-dividend date is Thursday, December 14th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 3.29%. NorthWestern’s payout ratio is presently 63.44%.

Several equities research analysts have issued reports on NWE shares. BidaskClub upgraded NorthWestern from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 8th. KeyCorp reiterated a “hold” rating on shares of NorthWestern in a report on Friday, October 20th. Bank of America initiated coverage on NorthWestern in a report on Tuesday, October 24th. They set an “underperform” rating and a $54.00 price objective for the company. Zacks Investment Research upgraded NorthWestern from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. Finally, Credit Suisse Group decreased their price objective on NorthWestern from $60.00 to $58.00 and set an “underperform” rating for the company in a report on Friday, November 10th. Four investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The company has a consensus rating of “Sell” and an average price target of $58.00.

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NorthWestern Company 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.

Institutional Ownership by Quarter for NorthWestern (NYSE:NWE)

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