Epoch Investment Partners Inc. Has $18.08 Million Position in NorthWestern Corporation (NWE)

Epoch Investment Partners Inc. lowered its position in shares of NorthWestern Corporation (NYSE:NWE) by 20.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 317,518 shares of the utilities provider’s stock after selling 82,890 shares during the period. Epoch Investment Partners Inc. owned 0.65% of NorthWestern worth $18,080,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of NWE. Alliancebernstein L.P. boosted its stake in NorthWestern by 1,275.3% in the second quarter. Alliancebernstein L.P. now owns 933,993 shares of the utilities provider’s stock valued at $56,992,000 after acquiring an additional 866,081 shares in the last quarter. Janus Henderson Group PLC acquired a new position in NorthWestern in the second quarter valued at $36,722,000. Prudential Financial Inc. boosted its stake in NorthWestern by 119.2% in the second quarter. Prudential Financial Inc. now owns 609,981 shares of the utilities provider’s stock valued at $37,221,000 after acquiring an additional 331,703 shares in the last quarter. Teachers Advisors LLC boosted its stake in NorthWestern by 87.1% in the second quarter. Teachers Advisors LLC now owns 618,396 shares of the utilities provider’s stock valued at $37,735,000 after acquiring an additional 287,912 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in NorthWestern by 4.7% in the second quarter. Vanguard Group Inc. now owns 4,458,394 shares of the utilities provider’s stock valued at $272,052,000 after acquiring an additional 200,531 shares in the last quarter. Hedge funds and other institutional investors own 93.68% of the company’s stock.

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

NWE has been the subject of several research analyst reports. KeyCorp restated a “hold” rating on shares of NorthWestern in a research note on Friday, October 20th. Bank of America initiated coverage on shares of NorthWestern in a research note on Tuesday, October 24th. They issued an “underperform” rating and a $54.00 price objective for the company. Zacks Investment Research upgraded shares of NorthWestern from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Finally, Credit Suisse Group decreased their target price on shares of NorthWestern from $60.00 to $58.00 and set an “underperform” rating for the company in a research note on Friday, November 10th. Four research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The company currently has an average rating of “Sell” and an average price target of $58.00.

Shares of NorthWestern Corporation (NWE) traded up $0.65 on Thursday, hitting $63.15. 201,700 shares of the stock traded hands, compared to its average volume of 365,945. NorthWestern Corporation has a twelve month low of $54.62 and a twelve month high of $64.47. The firm has a market capitalization of $3,037.16, a P/E ratio of 18.88, a price-to-earnings-growth ratio of 12.01 and a beta of 0.37. The company has a quick ratio of 0.33, a current ratio of 0.42 and a debt-to-equity ratio of 1.05.

NorthWestern (NYSE:NWE) last announced its earnings results on Wednesday, November 1st. The utilities provider reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.01). NorthWestern had a return on equity of 9.41% and a net margin of 12.44%. The business had revenue of $309.90 million for the quarter, compared to analyst estimates of $305.60 million. During the same quarter last year, the company posted $0.68 EPS. NorthWestern’s quarterly revenue was up 3.0% on a year-over-year basis. sell-side analysts forecast that NorthWestern Corporation will post 3.39 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.525 per share. The ex-dividend date is Thursday, December 14th. This represents a $2.10 annualized dividend and a dividend yield of 3.33%. NorthWestern’s dividend payout ratio (DPR) is 63.44%.

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NorthWestern 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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