State Street Corp Has $143.30 Million Holdings in NorthWestern Energy Group, Inc. (NYSE:NWE)

State Street Corp grew its stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 1.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,504,400 shares of the company's stock after purchasing an additional 42,104 shares during the quarter. State Street Corp owned approximately 4.08% of NorthWestern Energy Group worth $143,302,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in NWE. V Square Quantitative Management LLC bought a new position in NorthWestern Energy Group during the 3rd quarter worth $26,000. Quest Partners LLC bought a new position in shares of NorthWestern Energy Group during the third quarter worth about $45,000. CWM LLC increased its holdings in shares of NorthWestern Energy Group by 140.2% in the 2nd quarter. CWM LLC now owns 992 shares of the company's stock worth $50,000 after acquiring an additional 579 shares during the period. nVerses Capital LLC lifted its position in NorthWestern Energy Group by 150.0% in the 3rd quarter. nVerses Capital LLC now owns 1,000 shares of the company's stock valued at $57,000 after purchasing an additional 600 shares during the last quarter. Finally, KBC Group NV lifted its position in NorthWestern Energy Group by 38.4% in the 3rd quarter. KBC Group NV now owns 1,676 shares of the company's stock valued at $96,000 after purchasing an additional 465 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

NorthWestern Energy Group Stock Performance

Shares of NYSE:NWE remained flat at $50.93 during trading hours on Friday. 315,152 shares of the stock traded hands, compared to its average volume of 345,549. The company's 50 day simple moving average is $54.60 and its two-hundred day simple moving average is $53.36. The stock has a market cap of $3.12 billion, a P/E ratio of 13.73, a price-to-earnings-growth ratio of 2.51 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 one year low of $46.15 and a one year high of $57.49.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last issued 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 return on equity of 7.95% and a net margin of 15.15%. The company had revenue of $345.20 million during the quarter, compared to analyst estimates of $344.06 million. During the same quarter in the previous year, the firm earned $0.49 earnings per share. On average, analysts anticipate that NorthWestern Energy Group, Inc. will post 3.39 EPS for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 5.11%. The ex-dividend date of this dividend is Friday, December 13th. NorthWestern Energy Group's dividend payout ratio (DPR) is currently 70.08%.

Wall Street Analyst Weigh In

NWE has been the subject of several analyst reports. Wells Fargo & Company boosted their price objective on NorthWestern Energy Group from $58.00 to $61.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. boosted their price target 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. Bank of America began coverage on NorthWestern Energy Group in a research note on Thursday, September 12th. They issued a "buy" rating and a $65.00 price target for the company. StockNews.com cut shares of NorthWestern Energy Group from a "buy" rating to a "hold" rating in a research note on Tuesday, October 8th. Finally, Mizuho increased their target price on shares of NorthWestern Energy Group from $52.00 to $56.00 and gave the company a "neutral" rating in a research report on Wednesday, October 9th. One 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. According to MarketBeat.com, NorthWestern Energy Group has a consensus rating of "Hold" and a consensus price target of $57.00.

Insider Activity

In other news, Director Britt E. Ide sold 700 shares of NorthWestern Energy Group stock in a transaction on Monday, December 9th. The stock was sold at an average price of $53.57, for a total transaction of $37,499.00. Following the transaction, the director now owns 10,888 shares in the company, valued at approximately $583,270.16. The trade was a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Anthony Thomas Clark sold 7,400 shares of the company's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $51.95, for a total value of $384,430.00. Following the completion of the transaction, the director now owns 16,816 shares in the company, valued at $873,591.20. This represents a 30.56 % decrease in their position. The disclosure for this sale can be found here. 0.94% of the stock is owned by company insiders.

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.