International Assets Investment Management LLC Buys 9,670 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

International Assets Investment Management LLC raised its position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 5,622.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,842 shares of the company's stock after purchasing an additional 9,670 shares during the period. International Assets Investment Management LLC's holdings in NorthWestern Energy Group were worth $563,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ancora Advisors LLC bought a new position in shares of NorthWestern Energy Group in the 1st quarter valued at $6,550,000. AQR Capital Management LLC raised its position in NorthWestern Energy Group by 36.4% in the second quarter. AQR Capital Management LLC now owns 396,409 shares of the company's stock valued at $19,840,000 after purchasing an additional 105,845 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of NorthWestern Energy Group by 429.0% during the first quarter. Russell Investments Group Ltd. now owns 105,103 shares of the company's stock valued at $5,353,000 after purchasing an additional 85,235 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of NorthWestern Energy Group by 6.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,027,698 shares of the company's stock worth $51,467,000 after purchasing an additional 61,216 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of NorthWestern Energy Group in the first quarter valued at approximately $2,862,000. 96.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Britt E. Ide sold 688 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $51.92, for a total transaction of $35,720.96. Following the completion of the sale, the director now owns 10,778 shares of the company's stock, valued at approximately $559,593.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.57% of the stock is owned by company insiders.

NorthWestern Energy Group Stock Performance

Shares of NWE stock traded up $1.38 during trading on Wednesday, hitting $54.59. The company's stock had a trading volume of 586,703 shares, compared to its average volume of 345,542. The company has a current ratio of 0.45, a quick ratio of 0.30 and a debt-to-equity ratio of 0.91. The company has a market cap of $3.35 billion, a PE ratio of 14.71, a P/E/G ratio of 2.53 and a beta of 0.47. The business has a fifty day moving average of $55.32 and a 200-day moving average of $52.78. NorthWestern Energy Group, Inc. has a 52 week low of $46.15 and a 52 week high of $57.48.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last released its earnings results on Monday, October 28th. The company reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.70 by ($0.05). The company had revenue of $345.20 million during 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 quarter in the previous year, the firm earned $0.49 earnings per share. As a group, research analysts anticipate that NorthWestern Energy Group, Inc. will post 3.38 earnings per share for the current year.

NorthWestern Energy Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors 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 4.76%. The ex-dividend date of this dividend is Friday, December 13th. NorthWestern Energy Group's dividend payout ratio is 70.08%.

Wall Street Analysts Forecast Growth

NWE has been the topic of a number of research reports. 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 report on Wednesday, October 9th. Wells Fargo & Company increased their price objective on NorthWestern Energy Group from $58.00 to $61.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. lifted their target price on NorthWestern Energy Group from $56.00 to $60.00 and gave the stock a "neutral" rating in a report on Monday, October 21st. Barclays raised their price objective on NorthWestern Energy Group from $50.00 to $53.00 and gave the stock an "underweight" rating in a research report on Tuesday, August 6th. Finally, Bank of America started 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $56.14.

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.