First Premier Bank Lowers stake in NorthWestern Corp (NWE)

NorthWestern Corp (NWE) : First Premier Bank reduced its stake in NorthWestern Corp by 4.26% during the most recent quarter end. The investment management company now holds a total of 163,957 shares of NorthWestern Corp which is valued at $9,081,578 after selling 7,300 shares in NorthWestern Corp , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.NorthWestern Corp makes up approximately 6.96% of First Premier Bank’s portfolio.

Other Hedge Funds, Including , Weaver C. Barksdale Associates added NWE to its portfolio by purchasing 141 company shares during the most recent quarter which is valued at $7,627. NorthWestern Corp makes up approx 0.01% of Weaver C. Barksdale Associates’s portfolio.Nisa Investment Advisors boosted its stake in NWE in the latest quarter, The investment management firm added 8,350 additional shares and now holds a total of 92,440 shares of NorthWestern Corp which is valued at $5,000,080. NorthWestern Corp makes up approx 0.07% of Nisa Investment Advisors’s portfolio.Legal General Group Plc boosted its stake in NWE in the latest quarter, The investment management firm added 15,665 additional shares and now holds a total of 144,475 shares of NorthWestern Corp which is valued at $7,814,653. NorthWestern Corp makes up approx 0.01% of Legal General Group Plc’s portfolio.First Mercantile Trust Co reduced its stake in NWE by selling 230 shares or 8.16% in the most recent quarter. The Hedge Fund company now holds 2,590 shares of NWE which is valued at $140,093. NorthWestern Corp makes up approx 0.02% of First Mercantile Trust Co’s portfolio.

NorthWestern Corp closed down -0.9 points or -1.64% at $54.09 with 2,30,628 shares getting traded on Tuesday. Post opening the session at $54.96, the shares hit an intraday low of $53.97 and an intraday high of $54.99 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, NorthWestern Corp reported $0.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Jul 22, 2016. Analyst had a consensus of $0.56. The company had revenue of $293.10 million for the quarter, compared to analysts expectations of $320.68 million. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS.

Many Wall Street Analysts have commented on NorthWestern Corp. Williams Capital Group Upgraded NorthWestern Corp on Oct 10, 2016 to ” Buy”, Price Target of the shares are set at $58.

North-Western Corporation doing business as North-Western Energy provides electricity and natural gas. The Company operates its business under segments: Electric operations Natural gas operations and All other which primarily consists of unallocated corporate costs. Electric operations segment consists of an electric utility business in Montana which includes generation transmission and distribution. The Company also transmits electricity for non-regulated entities owning generation facilities other utilities and power marketers serving the Montana electricity market. The Company’s South Dakota electric utility business operates as a vertically integrated generation transmission and distribution utility. Natural gas operations segment consists of a natural gas utility business in Montana which includes production storage transmission and distribution.

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