Systematic Financial Management LP Decreases Position in NorthWestern Corp (NYSE:NWE)

Systematic Financial Management LP decreased its position in NorthWestern Corp (NYSE:NWE) by 4.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 440,626 shares of the utilities provider’s stock after selling 19,807 shares during the period. NorthWestern accounts for 1.2% of Systematic Financial Management LP’s portfolio, making the stock its 3rd largest position. Systematic Financial Management LP’s holdings in NorthWestern were worth $31,791,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Virginia Retirement Systems ET AL acquired a new position in shares of NorthWestern during the 2nd quarter worth approximately $1,291,000. Steward Partners Investment Advisory LLC acquired a new position in shares of NorthWestern during the 2nd quarter worth approximately $165,000. Bowling Portfolio Management LLC increased its holdings in shares of NorthWestern by 373.6% during the 2nd quarter. Bowling Portfolio Management LLC now owns 21,813 shares of the utilities provider’s stock worth $1,574,000 after acquiring an additional 17,207 shares during the last quarter. Strs Ohio increased its holdings in shares of NorthWestern by 259.6% during the 2nd quarter. Strs Ohio now owns 20,500 shares of the utilities provider’s stock worth $1,479,000 after acquiring an additional 14,800 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of NorthWestern by 1.3% during the 2nd quarter. Arizona State Retirement System now owns 36,608 shares of the utilities provider’s stock worth $2,641,000 after acquiring an additional 455 shares during the last quarter. Institutional investors and hedge funds own 95.66% of the company’s stock.

A number of research firms recently weighed in on NWE. Barclays reissued a “sell” rating and set a $70.00 target price on shares of NorthWestern in a report on Sunday, July 28th. ValuEngine lowered NorthWestern from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research lowered NorthWestern from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. NorthWestern currently has a consensus rating of “Hold” and an average price target of $64.83.

In related news, CEO Robert C. Rowe sold 1,500 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $72.57, for a total value of $108,855.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel H. Grahame Heather sold 3,600 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $71.09, for a total value of $255,924.00. The disclosure for this sale can be found here. Insiders have sold a total of 5,670 shares of company stock worth $404,816 over the last three months. 1.17% of the stock is owned by insiders.

Shares of NWE stock traded up $0.51 during trading on Wednesday, reaching $68.95. 175,529 shares of the company’s stock were exchanged, compared to its average volume of 300,581. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.92 and a quick ratio of 0.73. The stock has a market capitalization of $3.42 billion, a PE ratio of 20.34, a PEG ratio of 7.39 and a beta of 0.24. NorthWestern Corp has a twelve month low of $56.23 and a twelve month high of $74.47. The business has a fifty day moving average price of $71.98.

NorthWestern (NYSE:NWE) last posted its earnings results on Tuesday, July 23rd. The utilities provider reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.31. The business had revenue of $270.70 million for the quarter, compared to analyst estimates of $308.82 million. NorthWestern had a return on equity of 9.86% and a net margin of 17.30%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.63 EPS. Sell-side analysts anticipate that NorthWestern Corp will post 3.55 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend is Thursday, September 12th. NorthWestern’s payout ratio is presently 67.85%.

About NorthWestern

NorthWestern Corporation, doing business as NorthWestern Energy, provides electricity and natural gas to residential, commercial, and industrial customers. The company operates through Electric Operations and Natural Gas Operations segments. It generates, transmits, and distributes electricity; and produces, stores, transmits, and distributes natural gas, as well as owns municipal franchises to provide natural gas service in the communities.

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Institutional Ownership by Quarter for NorthWestern (NYSE:NWE)

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