Hotchkis & Wiley Capital Management LLC Lowers Stock Holdings in NorthWestern Energy Group, Inc. (NYSE:NWE)

Hotchkis & Wiley Capital Management LLC lowered its position in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 8.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 225,080 shares of the company's stock after selling 19,800 shares during the period. Hotchkis & Wiley Capital Management LLC owned 0.37% of NorthWestern Energy Group worth $12,879,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cetera Investment Advisers lifted its position in shares of NorthWestern Energy Group by 49.0% during the 1st quarter. Cetera Investment Advisers now owns 30,963 shares of the company's stock valued at $1,577,000 after acquiring an additional 10,185 shares during the period. Meritage Portfolio Management lifted its position in shares of NorthWestern Energy Group by 1,218.2% during the 3rd quarter. Meritage Portfolio Management now owns 60,954 shares of the company's stock valued at $3,488,000 after acquiring an additional 56,330 shares during the period. Cetera Advisors LLC bought a new stake in NorthWestern Energy Group during the 1st quarter valued at $555,000. Federated Hermes Inc. increased its stake in NorthWestern Energy Group by 58.2% during the 2nd quarter. Federated Hermes Inc. now owns 75,032 shares of the company's stock valued at $3,758,000 after purchasing an additional 27,601 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in NorthWestern Energy Group by 600.3% during the 2nd quarter. Hsbc Holdings PLC now owns 49,555 shares of the company's stock valued at $2,479,000 after purchasing an additional 42,479 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Wall Street Analysts Forecast Growth

NWE has been the subject of a number of recent research reports. Bank of America initiated coverage on shares of NorthWestern Energy Group in a research note on Thursday, September 12th. They set a "buy" rating and a $65.00 price target for the company. Wells Fargo & Company boosted their price target on shares of NorthWestern Energy Group from $58.00 to $61.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. Mizuho upped 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 note on Wednesday, October 9th. StockNews.com lowered shares of NorthWestern Energy Group from a "buy" rating to a "hold" rating in a research note on Tuesday, October 8th. Finally, Barclays upped their target price on shares of NorthWestern Energy Group from $50.00 to $53.00 and gave the stock an "underweight" rating in a research note on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $57.00.

NorthWestern Energy Group Stock Performance

NWE traded down $0.37 during trading on Wednesday, hitting $54.02. 337,022 shares of the company traded hands, compared to its average volume of 347,541. The firm has a market cap of $3.31 billion, a P/E ratio of 14.56, a price-to-earnings-growth ratio of 2.62 and a beta of 0.48. The stock's fifty day moving average is $55.18 and its 200 day moving average is $53.34. The company has a quick ratio of 0.30, a current ratio of 0.45 and a debt-to-equity ratio of 0.91. NorthWestern Energy Group, Inc. has a one year low of $46.15 and a one year high of $57.49.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.05). The business had revenue of $345.20 million for the quarter, compared to analysts' expectations 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 last year, the company earned $0.49 earnings per share. As a group, equities analysts predict that NorthWestern Energy Group, Inc. will post 3.39 EPS for the current fiscal year.

NorthWestern Energy Group Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 4.81%. The ex-dividend date is Friday, December 13th. NorthWestern Energy Group's dividend payout ratio (DPR) is presently 70.08%.

About NorthWestern Energy Group

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.