NorthWestern Corp (NWE) Shares Sold by Dean Capital Management

Dean Capital Management lessened its holdings in NorthWestern Corp (NYSE:NWE) by 25.5% in the second quarter, HoldingsChannel.com reports. The firm owned 63,380 shares of the utilities provider’s stock after selling 21,670 shares during the period. NorthWestern accounts for 2.4% of Dean Capital Management’s investment portfolio, making the stock its largest holding. Dean Capital Management’s holdings in NorthWestern were worth $3,629,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in NWE. Arizona State Retirement System grew its stake in shares of NorthWestern by 2.9% during the 2nd quarter. Arizona State Retirement System now owns 34,349 shares of the utilities provider’s stock worth $1,966,000 after acquiring an additional 971 shares during the period. Oregon Public Employees Retirement Fund grew its stake in shares of NorthWestern by 5.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 19,189 shares of the utilities provider’s stock worth $1,099,000 after acquiring an additional 1,012 shares during the period. Cornercap Investment Counsel Inc. grew its stake in shares of NorthWestern by 4.5% during the 1st quarter. Cornercap Investment Counsel Inc. now owns 28,990 shares of the utilities provider’s stock worth $1,560,000 after acquiring an additional 1,245 shares during the period. Mutual of America Capital Management LLC grew its stake in shares of NorthWestern by 1.2% during the 2nd quarter. Mutual of America Capital Management LLC now owns 112,176 shares of the utilities provider’s stock worth $6,422,000 after acquiring an additional 1,277 shares during the period. Finally, Bessemer Group Inc. grew its stake in shares of NorthWestern by 3.6% during the 2nd quarter. Bessemer Group Inc. now owns 37,900 shares of the utilities provider’s stock worth $2,170,000 after acquiring an additional 1,300 shares during the period. Hedge funds and other institutional investors own 95.89% of the company’s stock.

In other NorthWestern news, VP Curtis T. Pohl sold 1,200 shares of the firm’s stock in a transaction dated Friday, July 27th. The stock was sold at an average price of $58.73, for a total value of $70,476.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.40% of the company’s stock.

Several research firms have recently weighed in on NWE. ValuEngine upgraded NorthWestern from a “sell” rating to a “hold” rating in a research note on Monday, July 2nd. Zacks Investment Research downgraded NorthWestern from a “buy” rating to a “hold” rating in a research note on Thursday, June 21st. Credit Suisse Group increased their price target on NorthWestern from $54.00 to $55.00 and gave the stock a “$58.28” rating in a research note on Thursday, July 19th. Barclays began coverage on NorthWestern in a research note on Tuesday, July 10th. They set an “equal weight” rating and a $60.00 price target for the company. Finally, KeyCorp upgraded NorthWestern from a “sector weight” rating to an “overweight” rating in a research note on Monday, June 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. NorthWestern currently has an average rating of “Hold” and a consensus target price of $58.20.

Shares of NWE opened at $60.14 on Friday. The stock has a market cap of $3.01 billion, a P/E ratio of 15.81, a P/E/G ratio of 7.65 and a beta of 0.13. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.62 and a current ratio of 0.77. NorthWestern Corp has a 52-week low of $50.01 and a 52-week high of $64.47.

NorthWestern (NYSE:NWE) last released its quarterly earnings results on Thursday, July 19th. The utilities provider reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.43. NorthWestern had a return on equity of 10.28% and a net margin of 14.84%. The firm had revenue of $261.82 million for the quarter, compared to analysts’ expectations of $286.14 million. During the same quarter last year, the firm posted $0.47 EPS. The company’s revenue was down 7.8% compared to the same quarter last year. research analysts expect that NorthWestern Corp will post 3.45 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be issued a $0.55 dividend. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $2.20 annualized dividend and a dividend yield of 3.66%. NorthWestern’s payout ratio is currently 66.67%.

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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