Massachusetts Financial Services Co. MA Has $36.75 Million Holdings in NorthWestern Corporation $NWE

Key Points

• Massachusetts Financial Services Co. trimmed its stake in NorthWestern by 12% in Q4, selling 77,559 shares and now holds 569,334 shares worth $36.75 million, roughly 0.93% of the company.
• Analysts are mixed: the consensus rating is Hold with a $64.10 target (three Buys, two Holds, one Sell), while several firms have recently adjusted targets both up and down.
• Key fundamentals: NWE opened at $73.36 (52‑week range $50.46–$75.18) with a $4.51B market cap and P/E of 24.95; it pays a $0.67 quarterly dividend (yield ~3.7%) and reported $1.17 EPS last quarter, missing estimates by $0.02 while revenue rose 10.9% year‑over‑year.

Massachusetts Financial Services Co. MA lessened its stake in NorthWestern Corporation (NASDAQ:NWE - Free Report) by 12.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 569,334 shares of the company's stock after selling 77,559 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.93% of NorthWestern worth $36,745,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP increased its position in NorthWestern by 263.3% in the 3rd quarter. Allworth Financial LP now owns 436 shares of the company's stock valued at $26,000 after acquiring an additional 316 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of NorthWestern by 3,221.4% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 465 shares of the company's stock worth $27,000 after buying an additional 451 shares during the period. Clearstead Advisors LLC grew its position in shares of NorthWestern by 1,220.0% during the 3rd quarter. Clearstead Advisors LLC now owns 528 shares of the company's stock worth $31,000 after buying an additional 488 shares during the period. PenderFund Capital Management Ltd. acquired a new stake in shares of NorthWestern during the 3rd quarter worth approximately $37,000. Finally, Hantz Financial Services Inc. grew its position in shares of NorthWestern by 299.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 803 shares of the company's stock worth $47,000 after buying an additional 602 shares during the period. Institutional investors and hedge funds own 96.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on NWE shares. BMO Capital Markets lifted their price target on shares of NorthWestern from $65.00 to $70.00 and gave the stock a "market perform" rating in a research report on Friday, February 13th. Wells Fargo & Company lowered their price target on shares of NorthWestern from $53.00 to $52.00 and set an "underweight" rating for the company in a research report on Friday, February 13th. Barclays lifted their price target on shares of NorthWestern from $61.00 to $62.00 and gave the stock an "overweight" rating in a research report on Thursday, January 22nd. LADENBURG THALM/SH SH raised shares of NorthWestern from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $56.00 to $75.50 in a research note on Wednesday, April 1st. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of NorthWestern in a research note on Monday, December 29th. Three equities 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. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $64.10.

NorthWestern Stock Performance

Shares of NWE opened at $73.36 on Thursday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.53 and a current ratio of 0.72. NorthWestern Corporation has a twelve month low of $50.46 and a twelve month high of $75.18. The firm's 50 day moving average price is $68.47 and its two-hundred day moving average price is $65.75. The firm has a market cap of $4.51 billion, a P/E ratio of 24.95, a PEG ratio of 3.05 and a beta of 0.32.

NorthWestern (NASDAQ:NWE - Get Free Report) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $1.17 EPS for the quarter, missing analysts' consensus estimates of $1.19 by ($0.02). The business had revenue of $414.26 million during the quarter. NorthWestern had a return on equity of 7.62% and a net margin of 11.24%.The firm's quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.13 earnings per share.

NorthWestern Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Friday, March 13th. NorthWestern's payout ratio is presently 91.16%.

About NorthWestern

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.

Want to see what other hedge funds are holding NWE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NorthWestern Corporation (NASDAQ:NWE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.