NorthWestern Corporation $NWE Shares Sold by Systematic Financial Management LP

Systematic Financial Management LP cut its stake in shares of NorthWestern Corporation (NASDAQ:NWE) by 2.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,132,065 shares of the company’s stock after selling 27,688 shares during the period. NorthWestern accounts for 1.7% of Systematic Financial Management LP’s holdings, making the stock its 6th largest position. Systematic Financial Management LP’s holdings in NorthWestern were worth $74,648,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC boosted its position in shares of NorthWestern by 28.5% in the fourth quarter. Signaturefd LLC now owns 879 shares of the company’s stock valued at $57,000 after acquiring an additional 195 shares during the period. Strs Ohio boosted its position in shares of NorthWestern by 1.1% during the 4th quarter. Strs Ohio now owns 18,800 shares of the company’s stock worth $1,213,000 after acquiring an additional 200 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of NorthWestern by 34.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 845 shares of the company’s stock valued at $43,000 after purchasing an additional 216 shares in the last quarter. Advisory Services Network LLC boosted its stake in NorthWestern by 3.4% in the third quarter. Advisory Services Network LLC now owns 6,763 shares of the company’s stock valued at $396,000 after buying an additional 224 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of NorthWestern by 31.1% in the 3rd quarter. Parallel Advisors LLC now owns 1,074 shares of the company’s stock valued at $63,000 after purchasing an additional 255 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

NorthWestern Price Performance

NWE stock opened at $72.55 on Friday. The stock has a market capitalization of $4.46 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 3.83 and a beta of 0.34. The company’s 50-day moving average is $71.03 and its 200-day moving average is $69.60. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.70 and a quick ratio of 0.52. NorthWestern Corporation has a 1 year low of $51.92 and a 1 year high of $75.18.

NorthWestern (NASDAQ:NWE) last issued its earnings results on Wednesday, April 29th. The company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.29 by $0.02. NorthWestern had a return on equity of 7.80% and a net margin of 10.21%.The company had revenue of $516.60 million during the quarter. During the same quarter in the prior year, the business earned $1.22 earnings per share. The business’s quarterly revenue was up 6.6% on a year-over-year basis. Equities research analysts expect that NorthWestern Corporation will post 3.75 EPS for the current fiscal year.

NorthWestern Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a dividend of $0.67 per share. The ex-dividend date was Monday, June 15th. This represents a $2.68 annualized dividend and a dividend yield of 3.7%. NorthWestern’s payout ratio is currently 98.53%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Weiss Ratings raised NorthWestern from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 15th. Wall Street Zen upgraded shares of NorthWestern to a “hold” rating in a research report on Saturday, April 25th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $54.00 price objective on shares of NorthWestern in a research note on Tuesday, April 21st. LADENBURG THALM/SH SH upgraded shares of NorthWestern from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $56.00 to $75.50 in a research report on Wednesday, April 1st. Finally, JPMorgan Chase & Co. lifted their target price on shares of NorthWestern from $73.00 to $76.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, NorthWestern has an average rating of “Hold” and a consensus target price of $70.10.

NorthWestern Profile

NorthWestern Corporation (NASDAQ: NWE) is a regulated energy company that delivers electricity and natural gas to residential, commercial and industrial customers. Through its Electric Operations and Gas Operations segments, the company operates an extensive network of distribution lines, substations and pipelines. NorthWestern’s services encompass the delivery of power sourced from regional transmission systems and the procurement, storage and distribution of natural gas to end users.

Electric delivery services include the management of distribution infrastructure, customer metering and system reliability programs.