Canada Pension Plan Investment Board lifted its position in NorthWestern Co. (NASDAQ:NWE – Get Rating) by 33.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,000 shares of the company’s stock after purchasing an additional 7,500 shares during the quarter. Canada Pension Plan Investment Board owned about 0.05% of NorthWestern worth $1,478,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Pinebridge Investments L.P. boosted its holdings in shares of NorthWestern by 366.0% during the second quarter. Pinebridge Investments L.P. now owns 466 shares of the company’s stock worth $27,000 after purchasing an additional 366 shares during the period. Wipfli Financial Advisors LLC purchased a new stake in NorthWestern in the third quarter worth about $39,000. Quadrant Capital Group LLC lifted its holdings in NorthWestern by 35.0% in the second quarter. Quadrant Capital Group LLC now owns 733 shares of the company’s stock worth $43,000 after buying an additional 190 shares during the period. Eagle Bay Advisors LLC lifted its holdings in NorthWestern by 145.2% in the second quarter. Eagle Bay Advisors LLC now owns 765 shares of the company’s stock worth $45,000 after buying an additional 453 shares during the period. Finally, McClarren Financial Advisors Inc. purchased a new stake in NorthWestern in the third quarter worth about $50,000. Institutional investors own 96.60% of the company’s stock.
NorthWestern Trading Up 0.3 %
Shares of NWE stock opened at $57.90 on Tuesday. NorthWestern Co. has a 12-month low of $48.68 and a 12-month high of $63.06. The company has a current ratio of 0.87, a quick ratio of 0.69 and a debt-to-equity ratio of 0.93. The firm’s 50 day moving average is $57.70 and its 200 day moving average is $54.93. The stock has a market capitalization of $3.46 billion, a P/E ratio of 17.82, a P/E/G ratio of 9.49 and a beta of 0.44.
NorthWestern Increases Dividend
Analyst Upgrades and Downgrades
Several brokerages have commented on NWE. Wells Fargo & Company raised their price objective on shares of NorthWestern to $57.00 in a report on Wednesday, December 14th. Mizuho raised their target price on shares of NorthWestern from $56.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, December 19th. Guggenheim downgraded shares of NorthWestern from a “neutral” rating to a “sell” rating and decreased their target price for the company from $48.00 to $46.00 in a research note on Monday, January 23rd. Finally, JPMorgan Chase & Co. assumed coverage on shares of NorthWestern in a research note on Tuesday, November 1st. They set a “neutral” rating and a $55.00 target price for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $56.25.
NorthWestern Profile
NorthWestern Corp. engages in generating and distributing electricity and natural gas. It operates through the following segments: Electric, Gas, and Other. The Electric segment includes generation, transmission, and distribution of electric utility business as a vertically integrated generation transmission and distribution utility.
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