California State Teachers Retirement System Has $4.44 Million Stake in NorthWestern Corporation (NWE)

California State Teachers Retirement System reduced its position in NorthWestern Corporation (NYSE:NWE) by 9.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 78,046 shares of the utilities provider’s stock after selling 8,309 shares during the quarter. California State Teachers Retirement System owned approximately 0.16% of NorthWestern worth $4,444,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in NorthWestern by 4.7% during 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. JPMorgan Chase & Co. boosted its stake in NorthWestern by 2.2% during the third quarter. JPMorgan Chase & Co. now owns 2,558,351 shares of the utilities provider’s stock worth $147,105,000 after acquiring an additional 54,059 shares in the last quarter. State Street Corp boosted its stake in NorthWestern by 7.0% during the second quarter. State Street Corp now owns 1,799,646 shares of the utilities provider’s stock worth $109,811,000 after acquiring an additional 118,101 shares in the last quarter. American Century Companies Inc. boosted its stake in NorthWestern by 4.1% during the third quarter. American Century Companies Inc. now owns 1,562,375 shares of the utilities provider’s stock worth $88,962,000 after acquiring an additional 60,988 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in NorthWestern by 7.4% during the second quarter. Northern Trust Corp now owns 1,404,504 shares of the utilities provider’s stock worth $85,702,000 after acquiring an additional 96,231 shares in the last quarter. 93.64% of the stock is currently owned by institutional investors.

NorthWestern Corporation (NYSE:NWE) opened at $57.45 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.33 and a current ratio of 0.42. NorthWestern Corporation has a 1-year low of $55.65 and a 1-year high of $64.47. The firm has a market cap of $2,809.25, a price-to-earnings ratio of 17.36, a price-to-earnings-growth ratio of 10.98 and a beta of 0.38.

NorthWestern (NYSE:NWE) last released its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.74 earnings per share for the quarter, missing the Thomson Reuters’ 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 in the previous year, the company posted $0.68 EPS. The business’s quarterly revenue was up 3.0% on a year-over-year basis. equities analysts forecast that NorthWestern Corporation will post 3.39 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $2.10 annualized dividend and a yield of 3.66%. NorthWestern’s payout ratio is 63.44%.

In other NorthWestern news, CEO Robert C. Rowe sold 3,626 shares of the company’s stock in a transaction on Friday, December 1st. The shares were 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 SEC, which is accessible through this hyperlink. Corporate insiders own 1.33% of the company’s stock.

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

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About NorthWestern

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 (NYSE:NWE)

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