NorthWestern Co. (NASDAQ:NWE) Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. reduced its stake in shares of NorthWestern Co. (NASDAQ:NWEGet Rating) by 12.6% in the 1st quarter, HoldingsChannel reports. The firm owned 6,670 shares of the company’s stock after selling 965 shares during the quarter. Shell Asset Management Co.’s holdings in NorthWestern were worth $403,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Squarepoint Ops LLC acquired a new position in shares of NorthWestern during the 4th quarter worth approximately $3,624,000. Covestor Ltd acquired a new position in NorthWestern in the 4th quarter valued at $107,000. Versor Investments LP raised its holdings in NorthWestern by 24.1% in the 4th quarter. Versor Investments LP now owns 10,300 shares of the company’s stock valued at $589,000 after acquiring an additional 2,000 shares during the last quarter. Liberty One Investment Management LLC raised its holdings in NorthWestern by 3.0% in the 1st quarter. Liberty One Investment Management LLC now owns 194,120 shares of the company’s stock valued at $11,742,000 after acquiring an additional 5,593 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D raised its holdings in NorthWestern by 24.2% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 51,262 shares of the company’s stock valued at $2,930,000 after acquiring an additional 9,995 shares during the last quarter. 92.26% of the stock is currently owned by institutional investors and hedge funds.

NorthWestern Stock Up 0.8 %

Shares of NASDAQ NWE opened at $54.57 on Friday. NorthWestern Co. has a 52-week low of $53.42 and a 52-week high of $65.62. The firm has a fifty day moving average of $57.64 and a 200-day moving average of $58.72. The stock has a market capitalization of $3.06 billion, a PE ratio of 16.74, a P/E/G ratio of 7.23 and a beta of 0.39. The company has a quick ratio of 0.79, a current ratio of 1.05 and a debt-to-equity ratio of 1.03.

NorthWestern Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be given a dividend of $0.63 per share. The ex-dividend date is Wednesday, September 14th. This represents a $2.52 dividend on an annualized basis and a yield of 4.62%. NorthWestern’s dividend payout ratio (DPR) is 77.30%.

Insider Buying and Selling

In related news, CEO Robert C. Rowe sold 4,000 shares of the company’s stock in a transaction on Wednesday, June 15th. The shares were sold at an average price of $55.82, for a total transaction of $223,280.00. Following the completion of the sale, the chief executive officer now directly owns 195,016 shares of the company’s stock, valued at approximately $10,885,793.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.17% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. KeyCorp cut their price target on NorthWestern from $67.00 to $64.00 and set an “overweight” rating for the company in a report on Tuesday, July 19th. Barclays cut their price target on NorthWestern from $62.00 to $57.00 and set an “equal weight” rating for the company in a report on Monday, July 18th. Finally, Bank of America downgraded NorthWestern from a “neutral” rating to an “underperform” rating and boosted their price target for the company from $61.00 to $62.00 in a report on Tuesday, May 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $61.86.

About NorthWestern

(Get Rating)

NorthWestern Corporation, doing business as NorthWestern Energy, provides electricity and natural gas to residential, commercial, and various industrial customers. The company operates through Electric and Natural Gas segments. It generates, purchases, transmits, and distributes electricity; and produces, purchases, 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 (NASDAQ:NWE)

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