Chartwell Investment Partners LLC Trims Position in NorthWestern Energy Group, Inc. (NYSE:NWE)

Chartwell Investment Partners LLC lessened its position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 10.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 147,915 shares of the company's stock after selling 16,579 shares during the quarter. Chartwell Investment Partners LLC owned 0.24% of NorthWestern Energy Group worth $8,464,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. V Square Quantitative Management LLC purchased a new position in shares of NorthWestern Energy Group in the third quarter valued at approximately $26,000. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of NorthWestern Energy Group in the 1st quarter valued at $28,000. EntryPoint Capital LLC acquired a new position in NorthWestern Energy Group in the 1st quarter valued at about $33,000. CWM LLC lifted its position in shares of NorthWestern Energy Group by 140.2% during the second quarter. CWM LLC now owns 992 shares of the company's stock worth $50,000 after purchasing an additional 579 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of NorthWestern Energy Group by 142.9% in the second quarter. GAMMA Investing LLC now owns 1,139 shares of the company's stock valued at $57,000 after purchasing an additional 670 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on NWE. Mizuho increased their price target on 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 shares of NorthWestern Energy Group in a report on Thursday, September 12th. They set a "buy" rating and a $65.00 price target for the company. StockNews.com lowered shares of NorthWestern Energy Group from a "buy" rating to a "hold" rating in a report on Tuesday, October 8th. Wells Fargo & Company increased their target price on NorthWestern Energy Group from $58.00 to $61.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. upped their price objective on NorthWestern Energy Group from $56.00 to $60.00 and gave the stock 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 given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $57.00.

NorthWestern Energy Group Stock Performance

Shares of NorthWestern Energy Group stock traded up $0.77 during trading on Monday, reaching $54.99. The company's stock had a trading volume of 97,170 shares, compared to its average volume of 344,811. The firm has a market cap of $3.37 billion, a PE ratio of 14.78, a P/E/G ratio of 2.61 and a beta of 0.47. The company has a 50-day moving average price of $55.31 and a two-hundred day moving average price of $52.84. The company has a current ratio of 0.45, a quick ratio of 0.30 and a debt-to-equity ratio of 0.91. NorthWestern Energy Group, Inc. has a fifty-two week low of $46.15 and a fifty-two week high of $57.48.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.05). The company had revenue of $345.20 million for the quarter, compared to analyst estimates of $344.06 million. NorthWestern Energy Group had a return on equity of 7.95% and a net margin of 15.15%. During the same period in the prior year, the business earned $0.49 earnings per share. On average, analysts forecast that NorthWestern Energy Group, Inc. will post 3.38 EPS for the current year.

NorthWestern Energy Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date is Friday, December 13th. NorthWestern Energy Group's dividend payout ratio (DPR) is presently 70.08%.

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.