Intech Investment Management LLC purchased a new stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 12,291 shares of the company's stock, valued at approximately $703,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NWE. Cetera Investment Advisers raised its position in shares of NorthWestern Energy Group by 49.0% in the 1st quarter. Cetera Investment Advisers now owns 30,963 shares of the company's stock valued at $1,577,000 after purchasing an additional 10,185 shares in the last quarter. Cetera Advisors LLC acquired a new stake in NorthWestern Energy Group in the first quarter valued at $555,000. GAMMA Investing LLC boosted its stake in NorthWestern Energy Group by 142.9% during the 2nd quarter. GAMMA Investing LLC now owns 1,139 shares of the company's stock valued at $57,000 after acquiring an additional 670 shares during the last quarter. CWM LLC grew its holdings in NorthWestern Energy Group by 140.2% during the 2nd quarter. CWM LLC now owns 992 shares of the company's stock worth $50,000 after acquiring an additional 579 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of NorthWestern Energy Group by 26.7% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 17,496 shares of the company's stock valued at $876,000 after purchasing an additional 3,691 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. Wells Fargo & Company lifted their price target on NorthWestern Energy Group from $58.00 to $61.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 16th. Barclays upped their price target on NorthWestern Energy Group from $50.00 to $53.00 and gave the company an "underweight" rating in a research report on Tuesday, August 6th. Mizuho lifted their price objective on shares of NorthWestern Energy Group from $52.00 to $56.00 and gave the stock a "neutral" rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. increased their target price on shares of NorthWestern Energy Group from $56.00 to $60.00 and gave the stock a "neutral" rating in a report on Monday, October 21st. Finally, StockNews.com lowered shares of NorthWestern Energy Group from a "buy" rating to a "hold" rating in a report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $57.00.
Check Out Our Latest Research Report on NWE
NorthWestern Energy Group Stock Performance
Shares of NWE traded up $0.52 during midday trading on Friday, hitting $55.24. 280,105 shares of the stock traded hands, compared to its average volume of 347,236. The business's 50 day moving average price is $55.34 and its two-hundred day moving average price is $53.29. The firm has a market capitalization of $3.39 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 2.64 and a beta of 0.47. 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 posted its 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 net margin of 15.15% and a return on equity of 7.95%. The firm had revenue of $345.20 million for the quarter, compared to analyst estimates of $344.06 million. During the same period in the previous year, the firm earned $0.49 earnings per share. Equities research analysts predict that NorthWestern Energy Group, Inc. will post 3.38 EPS for the current fiscal year.
NorthWestern Energy Group Announces Dividend
The firm also recently announced 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 annualized dividend and a yield of 4.71%. The ex-dividend date is Friday, December 13th. NorthWestern Energy Group's payout ratio is currently 70.08%.
NorthWestern Energy Group Profile
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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.
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