NorthWestern Corp (NWE) Stake Decreased by Hennessy Advisors Inc.

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Hennessy Advisors Inc. lowered its stake in shares of NorthWestern Corp (NYSE:NWE) by 8.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,398 shares of the utilities provider’s stock after selling 5,000 shares during the quarter. Hennessy Advisors Inc. owned approximately 0.10% of NorthWestern worth $3,074,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC acquired a new position in NorthWestern in the second quarter worth $132,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in NorthWestern in the second quarter worth $235,000. Hartford Investment Management Co. acquired a new position in NorthWestern in the second quarter worth $248,000. Nomura Holdings Inc. acquired a new position in NorthWestern in the second quarter worth $264,000. Finally, Cypress Wealth Services LLC acquired a new position in NorthWestern in the second quarter worth $275,000. 95.31% of the stock is owned by institutional investors and hedge funds.

NWE stock opened at $58.68 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 17.78, a P/E/G ratio of 7.51 and a beta of 0.09. NorthWestern Corp has a 1 year low of $50.01 and a 1 year high of $64.47.

NorthWestern (NYSE:NWE) last posted its earnings results on Thursday, July 19th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.43. The company had revenue of $261.82 million for the quarter, compared to analysts’ expectations of $286.14 million. NorthWestern had a return on equity of 10.28% and a net margin of 14.84%. The firm’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same period last year, the business posted $0.47 earnings per share. As a group, analysts predict that NorthWestern Corp will post 3.45 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date was Thursday, September 13th. NorthWestern’s payout ratio is 66.67%.

A number of equities analysts have commented on NWE shares. Zacks Investment Research downgraded shares of NorthWestern from a “buy” rating to a “hold” rating in a report on Thursday, September 20th. Barclays started coverage on shares of NorthWestern in a report on Tuesday, July 10th. They issued an “equal weight” rating and a $60.00 price objective for the company. Credit Suisse Group lifted their price objective on shares of NorthWestern from $55.00 to $56.00 and gave the stock an “underperform” rating in a report on Monday, October 1st. Wells Fargo & Co lifted their price objective on shares of NorthWestern from $59.00 to $61.00 and gave the stock a “market perform” rating in a report on Monday, September 17th. Finally, ValuEngine raised shares of NorthWestern from a “sell” rating to a “hold” rating in a report on Monday, July 2nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $59.60.

In other NorthWestern news, VP Curtis T. Pohl sold 1,200 shares of the firm’s stock in a transaction on Friday, July 27th. The stock was sold at an average price of $58.73, for a total value of $70,476.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.40% of the company’s stock.

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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