Teacher Retirement System of Texas grew its position in NorthWestern Corp (NYSE:NWE) by 17.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,133 shares of the utilities provider’s stock after buying an additional 8,483 shares during the quarter. Teacher Retirement System of Texas’ holdings in NorthWestern were worth $3,471,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Crossmark Global Holdings Inc. acquired a new stake in shares of NorthWestern in the third quarter valued at $249,000. Commonwealth Equity Services Inc grew its stake in shares of NorthWestern by 29.9% in the third quarter. Commonwealth Equity Services Inc now owns 4,526 shares of the utilities provider’s stock valued at $257,000 after buying an additional 1,043 shares in the last quarter. National Investment Services Inc. WI acquired a new stake in shares of NorthWestern in the fourth quarter valued at $301,000. Fox Run Management L.L.C. acquired a new stake in shares of NorthWestern in the third quarter valued at $319,000. Finally, Dean Capital Investments Management LLC acquired a new position in NorthWestern during the 4th quarter worth $355,000. 93.03% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently commented on the company. Wells Fargo & Co set a $55.00 target price on NorthWestern and gave the stock a “hold” rating in a research note on Wednesday, February 14th. Credit Suisse Group lowered their target price on NorthWestern from $60.00 to $58.00 and set an “underperform” rating for the company in a research note on Friday, November 10th. Zacks Investment Research raised NorthWestern from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Finally, Bank of America assumed coverage on NorthWestern in a research note on Tuesday, October 24th. They set an “underperform” rating and a $54.00 target price for the company. Four analysts have rated the stock with a sell rating and three have given a hold rating to the company. NorthWestern presently has an average rating of “Sell” and an average price target of $57.40.
NorthWestern Corp (NWE) opened at $52.27 on Monday. NorthWestern Corp has a one year low of $50.01 and a one year high of $64.47. The company has a market capitalization of $2,581.99, a price-to-earnings ratio of 15.70, a P/E/G ratio of 7.48 and a beta of 0.22. The company has a current ratio of 0.47, a quick ratio of 0.39 and a debt-to-equity ratio of 1.01.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 4.21%. This is a boost from NorthWestern’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Wednesday, March 14th. NorthWestern’s payout ratio is presently 62.87%.
NorthWestern Company 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.
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