NorthWestern Corporation $NWE Stake Boosted by California State Teachers Retirement System

California State Teachers Retirement System raised its holdings in NorthWestern Corporation (NASDAQ:NWE - Free Report) by 23.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,303 shares of the company's stock after acquiring an additional 14,478 shares during the quarter. California State Teachers Retirement System owned about 0.12% of NorthWestern worth $4,965,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Signaturefd LLC grew its stake in shares of NorthWestern by 28.5% in the fourth quarter. Signaturefd LLC now owns 879 shares of the company's stock worth $57,000 after acquiring an additional 195 shares during the last quarter. Strs Ohio lifted its stake in shares of NorthWestern by 1.1% in the fourth quarter. Strs Ohio now owns 18,800 shares of the company's stock valued at $1,213,000 after buying an additional 200 shares during the period. Daiwa Securities Group Inc. grew its holdings in shares of NorthWestern by 34.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 845 shares of the company's stock worth $43,000 after purchasing an additional 216 shares in the last quarter. Advisory Services Network LLC increased its holdings in NorthWestern by 3.4% in the 3rd 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 during the period. Finally, Parallel Advisors LLC increased its holdings in 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 buying an additional 255 shares during the period. 96.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on NWE. Wall Street Zen upgraded NorthWestern to a "hold" rating in a research note on Saturday, April 25th. Barclays boosted their price objective on NorthWestern from $62.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, April 20th. Weiss Ratings lowered shares of NorthWestern from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, July 30th. Wells Fargo & Company raised their target price on shares of NorthWestern from $62.00 to $70.00 and gave the company an "equal weight" rating in a research note on Friday, July 31st. 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 report on Thursday, July 9th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, NorthWestern has a consensus rating of "Moderate Buy" and an average price target of $73.30.

NorthWestern Price Performance

NASDAQ:NWE opened at $70.27 on Friday. The company has a market cap of $4.32 billion, a P/E ratio of 25.37, a P/E/G ratio of 3.66 and a beta of 0.34. The firm's fifty day moving average price is $70.81 and its two-hundred day moving average price is $69.87. NorthWestern Corporation has a one year low of $54.89 and a one year high of $75.18. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.83 and a quick ratio of 0.58.

NorthWestern (NASDAQ:NWE - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.08. The business had revenue of $392.60 million for the quarter, compared to the consensus estimate of $386.22 million. NorthWestern had a return on equity of 8.03% and a net margin of 10.13%.The firm's quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.40 earnings per share. Equities analysts expect that NorthWestern Corporation will post 3.75 earnings per share for the current year.

NorthWestern Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be issued a $0.67 dividend. The ex-dividend date is Monday, August 17th. This represents a $2.68 annualized dividend and a yield of 3.8%. NorthWestern's dividend payout ratio is presently 96.75%.

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source