NorthWestern Corporation (NWE) Shares Bought by Susquehanna International Group LLP

Susquehanna International Group LLP lifted its stake in shares of NorthWestern Corporation (NYSE:NWE) by 6.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,327 shares of the utilities provider’s stock after purchasing an additional 1,747 shares during the period. Susquehanna International Group LLP owned 0.06% of NorthWestern Corporation worth $1,790,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. BNP Paribas Arbitrage SA increased its stake in shares of NorthWestern Corporation by 110.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 26,364 shares of the utilities provider’s stock worth $1,609,000 after purchasing an additional 13,847 shares during the last quarter. State Street Corp increased its stake in shares of NorthWestern Corporation by 4.3% during the 1st quarter. State Street Corp now owns 1,681,545 shares of the utilities provider’s stock worth $98,705,000 after purchasing an additional 69,473 shares during the last quarter. Legal & General Group Plc increased its stake in shares of NorthWestern Corporation by 9.1% during the 2nd quarter. Legal & General Group Plc now owns 185,983 shares of the utilities provider’s stock worth $11,352,000 after purchasing an additional 15,472 shares during the last quarter. Federated Investors Inc. PA increased its stake in shares of NorthWestern Corporation by 6.5% during the 2nd quarter. Federated Investors Inc. PA now owns 130,224 shares of the utilities provider’s stock worth $7,946,000 after purchasing an additional 7,926 shares during the last quarter. Finally, Virginia Retirement Systems ET AL purchased a new stake in shares of NorthWestern Corporation during the 2nd quarter worth approximately $1,257,000. Institutional investors own 98.33% of the company’s stock.

In other NorthWestern Corporation news, CEO Robert C. Rowe sold 3,626 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $60.43, for a total value of $219,119.18. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.33% of the stock is currently owned by company insiders.

Several equities research analysts have recently issued reports on the stock. BidaskClub upgraded shares of NorthWestern Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 8th. Williams Capital lowered shares of NorthWestern Corporation from a “hold” rating to a “sell” rating and decreased their price target for the stock from $64.00 to $52.00 in a research note on Monday, July 31st. Zacks Investment Research lowered shares of NorthWestern Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, July 29th. Finally, Credit Suisse Group lowered shares of NorthWestern Corporation from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $62.00 to $60.00 in a research note on Monday, July 24th. Three research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. NorthWestern Corporation currently has a consensus rating of “Sell” and an average target price of $60.00.

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NorthWestern Corporation (NYSE:NWE) last released its quarterly earnings results on Tuesday, July 25th. The utilities provider reported $0.47 earnings per share for the quarter, missing the Thomson Reuters’ 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 business had revenue of $283.86 million during the quarter, compared to the consensus estimate of $302.42 million. During the same quarter in the previous year, the business posted $0.65 earnings per share. The firm’s revenue was down 3.2% on a year-over-year basis.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a $0.525 dividend. The ex-dividend date was Thursday, September 14th. This represents a $2.10 annualized dividend and a yield of 3.62%. NorthWestern Corporation’s payout ratio is presently 60.34%.

About NorthWestern Corporation

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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