Mutual of America Capital Management LLC Decreases Position in NorthWestern Corporation (NWE)

Mutual of America Capital Management LLC lowered its stake in NorthWestern Corporation (NYSE:NWE) by 0.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 101,997 shares of the utilities provider’s stock after selling 256 shares during the period. Mutual of America Capital Management LLC owned approximately 0.21% of NorthWestern Corporation worth $6,224,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BlackRock Inc. grew its stake in NorthWestern Corporation by 10,516.0% in the 1st quarter. BlackRock Inc. now owns 9,214,512 shares of the utilities provider’s stock valued at $540,893,000 after buying an additional 9,127,714 shares during the last quarter. Vanguard Group Inc. grew its stake in NorthWestern Corporation by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 4,257,863 shares of the utilities provider’s stock valued at $249,937,000 after buying an additional 158,474 shares during the last quarter. JPMorgan Chase & Co. grew its stake in NorthWestern Corporation by 6.9% in the 1st quarter. JPMorgan Chase & Co. now owns 2,605,078 shares of the utilities provider’s stock valued at $152,919,000 after buying an additional 167,754 shares during the last quarter. State Street Corp grew its stake in NorthWestern Corporation by 4.3% in the 1st quarter. State Street Corp now owns 1,681,545 shares of the utilities provider’s stock valued at $98,705,000 after buying an additional 69,473 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in NorthWestern Corporation by 7.4% in the 2nd quarter. American Century Companies Inc. now owns 1,501,387 shares of the utilities provider’s stock valued at $91,615,000 after buying an additional 103,273 shares during the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.

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In other news, CEO Robert C. Rowe sold 3,626 shares of NorthWestern Corporation stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $60.43, for a total value of $219,119.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.33% of the stock is owned by company insiders.

Shares of NorthWestern Corporation (NYSE NWE) traded down 0.060% on Wednesday, reaching $58.435. 19,628 shares of the company were exchanged. The company’s 50 day moving average is $59.97 and its 200 day moving average is $60.14. NorthWestern Corporation has a 12-month low of $53.85 and a 12-month high of $63.86. The firm has a market capitalization of $2.83 billion, a PE ratio of 16.943 and a beta of 0.36.

NorthWestern Corporation (NYSE:NWE) last posted its earnings results on Tuesday, July 25th. The utilities provider reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.15). The business had revenue of $283.86 million during the quarter, compared to analysts’ expectations of $302.42 million. NorthWestern Corporation had a return on equity of 9.31% and a net margin of 13.17%. NorthWestern Corporation’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.65 EPS. Analysts forecast that NorthWestern Corporation will post $3.39 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.525 dividend. The ex-dividend date is Thursday, September 14th. This represents a $2.10 annualized dividend and a dividend yield of 3.59%. NorthWestern Corporation’s payout ratio is 60.34%.

A number of research analysts recently commented on the stock. BidaskClub upgraded shares of NorthWestern Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 8th. Williams Capital lowered shares of NorthWestern Corporation from a “hold” rating to a “sell” rating and decreased their price target for the company from $64.00 to $52.00 in a research note on Monday, July 31st. Zacks Investment Research lowered shares of NorthWestern Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, July 29th. Finally, Credit Suisse Group lowered shares of NorthWestern Corporation from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $62.00 to $60.00 in a research note on Monday, July 24th. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. NorthWestern Corporation currently has a consensus rating of “Sell” and an average price target of $60.00.

NorthWestern Corporation 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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Institutional Ownership by Quarter for NorthWestern Corporation (NYSE:NWE)

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