NorthWestern Corporation $NWE Stock Sold by ProShare Advisors LLC

ProShare Advisors LLC decreased its holdings in NorthWestern Corporation (NASDAQ:NWE) by 20.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 388,237 shares of the company’s stock after selling 102,290 shares during the period. ProShare Advisors LLC’s holdings in NorthWestern were worth $26,548,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Rockefeller Capital Management L.P. lifted its stake in NorthWestern by 418.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,280 shares of the company’s stock worth $83,000 after purchasing an additional 1,033 shares in the last quarter. Compass Financial Management LLC purchased a new stake in shares of NorthWestern in the second quarter valued at approximately $137,000. Farther Finance Advisors LLC grew its position in shares of NorthWestern by 8.2% in the third quarter. Farther Finance Advisors LLC now owns 2,635 shares of the company’s stock valued at $180,000 after purchasing an additional 199 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of NorthWestern by 20.9% in the first quarter. EverSource Wealth Advisors LLC now owns 2,646 shares of the company’s stock valued at $174,000 after purchasing an additional 458 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in shares of NorthWestern by 54.4% in the third quarter. Signaturefd LLC now owns 2,891 shares of the company’s stock valued at $198,000 after purchasing an additional 1,018 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. reduced their price objective on NorthWestern from $76.00 to $73.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 9th. Jefferies Financial Group assumed coverage on NorthWestern in a report on Thursday, October 15th. They issued a “buy” rating and a $85.00 target price for the company. Weiss Ratings upgraded NorthWestern from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Wells Fargo & Company raised NorthWestern from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $70.00 to $90.00 in a research note on Monday, October 26th. Finally, Barclays reduced their price target on NorthWestern from $73.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, October 6th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, NorthWestern has an average rating of “Moderate Buy” and an average target price of $77.25.

NorthWestern Stock Performance

Shares of NorthWestern stock opened at $79.81 on Monday. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 28.81, a PEG ratio of 4.12 and a beta of 0.29. NorthWestern Corporation has a fifty-two week low of $58.57 and a fifty-two week high of $80.21. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.58 and a current ratio of 0.83. The stock has a 50 day moving average of $71.93 and a 200 day moving average of $70.41.

NorthWestern Company Profile

NorthWestern Energy Group, Inc, doing business as NorthWestern Energy, is a regulated electric and natural gas utility headquartered in Sioux Falls, South Dakota. The company generates, purchases, transmits and distributes electricity, and provides natural gas distribution and related services to residential, commercial, industrial and agricultural customers.

NorthWestern Energy serves customers primarily in Montana, South Dakota and Nebraska. Its operations include electric generation facilities and transmission and distribution networks, as well as natural gas pipelines and distribution systems.