Gamco Investors INC. ET AL cut its position in NorthWestern Corporation (NYSE:NWE) by 3.3% during the fourth quarter, Holdings Channel reports. The firm owned 293,200 shares of the company’s stock after selling 10,000 shares during the period. Gamco Investors INC. ET AL’s holdings in NorthWestern Corporation were worth $16,674,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of NorthWestern Corporation by 15.0% in the third quarter. JPMorgan Chase & Co. now owns 1,745,435 shares of the company’s stock worth $100,415,000 after buying an additional 227,498 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in shares of NorthWestern Corporation by 18.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,425,411 shares of the company’s stock worth $82,004,000 after buying an additional 218,173 shares during the period. Northern Trust Corp boosted its position in shares of NorthWestern Corporation by 16.6% in the third quarter. Northern Trust Corp now owns 1,265,931 shares of the company’s stock worth $72,828,000 after buying an additional 180,113 shares during the period. Victory Capital Management Inc. boosted its position in shares of NorthWestern Corporation by 24.4% in the third quarter. Victory Capital Management Inc. now owns 829,225 shares of the company’s stock worth $47,705,000 after buying an additional 162,546 shares during the period. Finally, Macquarie Group Ltd. boosted its position in shares of NorthWestern Corporation by 10.2% in the second quarter. Macquarie Group Ltd. now owns 1,393,659 shares of the company’s stock worth $87,898,000 after buying an additional 128,647 shares during the period. Hedge funds and other institutional investors own 98.15% of the company’s stock.
NorthWestern Corporation (NYSE:NWE) traded down 0.54% during trading on Friday, reaching $57.09. The company had a trading volume of 325,571 shares. The company’s 50-day moving average is $56.90 and its 200 day moving average is $57.20. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 17.01 and a beta of 0.35. NorthWestern Corporation has a 52 week low of $53.85 and a 52 week high of $63.75.
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A number of equities analysts have recently commented on NWE shares. Credit Suisse Group started coverage on NorthWestern Corporation in a report on Wednesday, January 25th. They issued a “neutral” rating and a $60.00 target price for the company. Zacks Investment Research upgraded NorthWestern Corporation from a “sell” rating to a “hold” rating and set a $64.00 target price for the company in a report on Tuesday, October 25th. Finally, Mizuho dropped their target price on NorthWestern Corporation from $65.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, October 20th.
In related news, CEO Robert C. Rowe sold 3,011 shares of the company’s stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $58.00, for a total value of $174,638.00. Following the completion of the transaction, the chief executive officer now owns 130,960 shares of the company’s stock, valued at approximately $7,595,680. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.34% of the company’s stock.
NorthWestern Corporation Company Profile
NorthWestern Corporation, doing business as North-Western Energy, provides electricity and natural gas. The Company provides electricity and natural gas to over 701,000 customers in Montana, South Dakota and Nebraska. It generates and distributes electricity in South Dakota; distributes natural gas in South Dakota and Nebraska, and generates and distributes electricity and distributed natural gas in Montana.
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