Systematic Financial Management LP Buys 113,265 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

Systematic Financial Management LP lifted its position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 11.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,070,434 shares of the company's stock after purchasing an additional 113,265 shares during the period. NorthWestern Energy Group comprises approximately 1.6% of Systematic Financial Management LP's portfolio, making the stock its 5th largest position. Systematic Financial Management LP owned approximately 1.75% of NorthWestern Energy Group worth $61,250,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of NWE. Cetera Investment Advisers raised 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 worth $1,577,000 after acquiring an additional 10,185 shares in the last quarter. Cetera Advisors LLC acquired a new position in NorthWestern Energy Group in the first quarter valued at $555,000. GAMMA Investing LLC grew its stake in shares of NorthWestern Energy Group by 142.9% in the 2nd quarter. GAMMA Investing LLC now owns 1,139 shares of the company's stock valued at $57,000 after purchasing an additional 670 shares during the last quarter. CWM LLC raised its position 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 buying an additional 579 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings 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 buying an additional 3,691 shares during the period. Institutional investors and hedge funds own 96.07% of the company's stock.

NorthWestern Energy Group Price Performance

NWE traded down $0.22 on Thursday, reaching $53.80. The company had a trading volume of 187,376 shares, compared to its average volume of 346,611. NorthWestern Energy Group, Inc. has a one year low of $46.15 and a one year high of $57.49. The company has a market capitalization of $3.30 billion, a P/E ratio of 14.90, a PEG ratio of 2.62 and a beta of 0.48. The company has a fifty day moving average of $55.18 and a 200-day moving average of $53.34. The company has a current ratio of 0.45, a quick ratio of 0.30 and a debt-to-equity ratio of 0.91.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last announced its earnings results on Monday, October 28th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.05). The firm had revenue of $345.20 million for the quarter, compared to the consensus estimate of $344.06 million. NorthWestern Energy Group had a return on equity of 7.95% and a net margin of 15.15%. During the same period in the previous year, the firm earned $0.49 EPS. As a group, equities research analysts anticipate that NorthWestern Energy Group, Inc. will post 3.39 earnings per share for the current year.

NorthWestern Energy Group Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.60 annualized dividend and a yield of 4.83%. NorthWestern Energy Group's dividend payout ratio is currently 70.08%.

Analysts Set New Price Targets

Several analysts have recently issued reports on NWE shares. JPMorgan Chase & Co. upped their price objective on NorthWestern Energy Group from $56.00 to $60.00 and gave the company a "neutral" rating in a research report on Monday, October 21st. StockNews.com cut shares of NorthWestern Energy Group from a "buy" rating to a "hold" rating in a research report on Tuesday, October 8th. Bank of America began coverage on NorthWestern Energy Group in a research report on Thursday, September 12th. They set a "buy" rating and a $65.00 target price on the stock. Wells Fargo & Company raised their price objective on shares of NorthWestern Energy Group from $58.00 to $61.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. Finally, Mizuho lifted their target price on NorthWestern Energy Group from $52.00 to $56.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, NorthWestern Energy Group presently has an average rating of "Hold" and an average price target of $57.00.

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.