Holocene Advisors LP Invests $1.30 Million in NorthWestern Energy Group, Inc. (NYSE:NWE)

Holocene Advisors LP bought a new position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 22,789 shares of the company's stock, valued at approximately $1,304,000.

Several other institutional investors and hedge funds have also made changes to their positions in NWE. ClearAlpha Technologies LP purchased a new stake in shares of NorthWestern Energy Group during the 3rd quarter valued at approximately $1,450,000. Paloma Partners Management Co purchased a new stake in shares of NorthWestern Energy Group during the 3rd quarter valued at approximately $260,000. Captrust Financial Advisors purchased a new stake in shares of NorthWestern Energy Group during the 3rd quarter valued at approximately $259,000. Martingale Asset Management L P raised its position in shares of NorthWestern Energy Group by 5.6% during the 3rd quarter. Martingale Asset Management L P now owns 46,441 shares of the company's stock valued at $2,657,000 after buying an additional 2,460 shares during the period. Finally, BNP Paribas Financial Markets raised its position in shares of NorthWestern Energy Group by 46.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 23,911 shares of the company's stock valued at $1,368,000 after buying an additional 7,629 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

NorthWestern Energy Group Stock Performance

Shares of NWE stock traded down $0.37 during mid-day trading on Friday, hitting $53.43. 228,474 shares of the stock were exchanged, compared to its average volume of 351,002. The stock's fifty day simple moving average is $55.04 and its two-hundred day simple moving average is $53.35. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 14.40, a P/E/G ratio of 2.60 and a beta of 0.48. NorthWestern Energy Group, Inc. has a 12-month low of $46.15 and a 12-month high of $57.49. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.30 and a current ratio of 0.45.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last released its quarterly earnings results on Monday, October 28th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.70 by ($0.05). NorthWestern Energy Group had a return on equity of 7.95% and a net margin of 15.15%. The company had revenue of $345.20 million for the quarter, compared to analysts' expectations of $344.06 million. During the same period in the prior year, the business earned $0.49 EPS. On average, analysts forecast that NorthWestern Energy Group, Inc. will post 3.39 EPS for the current year.

NorthWestern Energy Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.65 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.60 dividend on an annualized basis and a yield of 4.87%. NorthWestern Energy Group's payout ratio is currently 70.08%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Mizuho lifted their price target on shares of NorthWestern Energy Group from $52.00 to $56.00 and gave the company a "neutral" rating in a research report on Wednesday, October 9th. Bank of America initiated coverage on NorthWestern Energy Group in a research report on Thursday, September 12th. They issued a "buy" rating and a $65.00 target price on the stock. StockNews.com lowered NorthWestern Energy Group from a "buy" rating to a "hold" rating in a research report on Tuesday, October 8th. Wells Fargo & Company boosted their target price on NorthWestern Energy Group from $58.00 to $61.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. boosted their target price on NorthWestern Energy Group from $56.00 to $60.00 and gave the company a "neutral" rating in a research report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, NorthWestern Energy Group currently has an average rating of "Hold" and an average target price of $57.00.

NorthWestern Energy Group Profile

NorthWestern Energy Group, Inc provides electricity and natural gas to residential, commercial, and various industrial customers. 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.