FMR LLC grew its stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 17.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 759,804 shares of the company's stock after acquiring an additional 110,461 shares during the period. FMR LLC owned 1.24% of NorthWestern Energy Group worth $43,476,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Cetera Investment Advisers boosted its holdings in NorthWestern Energy Group by 49.0% in the first quarter. Cetera Investment Advisers now owns 30,963 shares of the company's stock worth $1,577,000 after purchasing an additional 10,185 shares in the last quarter. Cetera Advisors LLC bought a new stake in NorthWestern Energy Group in the first quarter worth $555,000. GAMMA Investing LLC boosted its holdings in NorthWestern Energy Group by 142.9% in the second quarter. GAMMA Investing LLC now owns 1,139 shares of the company's stock worth $57,000 after purchasing an additional 670 shares in the last quarter. CWM LLC boosted its holdings in NorthWestern Energy Group by 140.2% in 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, Envestnet Portfolio Solutions Inc. boosted its holdings in NorthWestern Energy Group by 26.7% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 17,496 shares of the company's stock worth $876,000 after purchasing an additional 3,691 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of NorthWestern Energy Group from $58.00 to $61.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. Mizuho boosted their target price on shares of NorthWestern Energy Group from $52.00 to $56.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 9th. StockNews.com lowered shares of NorthWestern Energy Group from a "buy" rating to a "hold" rating in a research report on Tuesday, October 8th. Bank of America assumed coverage on shares of NorthWestern Energy Group in a research report on Thursday, September 12th. They set a "buy" rating and a $65.00 target price for the company. Finally, JPMorgan Chase & Co. boosted their target price on shares of 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 research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $57.00.
Get Our Latest Analysis on NWE
NorthWestern Energy Group Stock Performance
Shares of NWE traded down $0.37 during trading hours on Friday, reaching $53.43. 228,474 shares of the company traded hands, compared to its average volume of 351,002. The stock's fifty day moving average is $55.04 and its 200 day moving average is $53.35. The stock has a market cap of $3.28 billion, a P/E ratio of 14.40, a price-to-earnings-growth ratio of 2.60 and a beta of 0.48. 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, Inc. has a 1-year low of $46.15 and a 1-year high of $57.49.
NorthWestern Energy Group (NYSE:NWE - Get Free Report) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.65 EPS for the quarter, missing analysts' consensus estimates 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 net margin of 15.15% and a return on equity of 7.95%. During the same period in the prior year, the company posted $0.49 EPS. Equities research analysts anticipate that NorthWestern Energy Group, Inc. will post 3.39 earnings per share for the current fiscal year.
NorthWestern Energy Group Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date is Friday, December 13th. NorthWestern Energy Group's dividend payout ratio is 70.08%.
About NorthWestern Energy Group
(
Free Report)
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.
See Also
Before you consider NorthWestern Energy Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NorthWestern Energy Group wasn't on the list.
While NorthWestern Energy Group currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
