Jane Street Group LLC Has $1.89 Million Holdings in NorthWestern Energy Group, Inc. (NYSE:NWE)

Jane Street Group LLC cut its stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 42.1% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 33,030 shares of the company's stock after selling 24,030 shares during the period. Jane Street Group LLC owned approximately 0.05% of NorthWestern Energy Group worth $1,890,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Meritage Portfolio Management lifted its position in shares of NorthWestern Energy Group by 1,218.2% during the third quarter. Meritage Portfolio Management now owns 60,954 shares of the company's stock worth $3,488,000 after purchasing an additional 56,330 shares in the last quarter. Systematic Financial Management LP increased its stake in NorthWestern Energy Group by 11.8% during the 3rd quarter. Systematic Financial Management LP now owns 1,070,434 shares of the company's stock worth $61,250,000 after buying an additional 113,265 shares during the period. Federated Hermes Inc. lifted its holdings in NorthWestern Energy Group by 58.2% in the 2nd quarter. Federated Hermes Inc. now owns 75,032 shares of the company's stock worth $3,758,000 after buying an additional 27,601 shares in the last quarter. Hsbc Holdings PLC boosted its position in NorthWestern Energy Group by 600.3% in the 2nd quarter. Hsbc Holdings PLC now owns 49,555 shares of the company's stock valued at $2,479,000 after buying an additional 42,479 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in NorthWestern Energy Group by 5,622.1% in the 3rd quarter. International Assets Investment Management LLC now owns 9,842 shares of the company's stock valued at $563,000 after buying an additional 9,670 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Analyst Ratings Changes

NWE has been the topic of several recent analyst reports. StockNews.com cut NorthWestern Energy Group from a "buy" rating to a "hold" rating in a research note on Tuesday, October 8th. Barclays raised NorthWestern Energy Group from an "underweight" rating to an "overweight" rating and upped their target price for the company from $53.00 to $56.00 in a research report on Thursday, December 19th. Wells Fargo & Company raised their price target on shares of NorthWestern Energy Group from $58.00 to $61.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. Mizuho upped their price target on shares of NorthWestern Energy Group from $52.00 to $56.00 and gave the company a "neutral" rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. raised their price objective 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. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, NorthWestern Energy Group currently has a consensus rating of "Hold" and a consensus price target of $57.50.

NorthWestern Energy Group Stock Performance

NYSE NWE traded up $0.44 on Wednesday, hitting $53.18. The stock had a trading volume of 138,159 shares, compared to its average volume of 353,288. The company's 50-day moving average is $54.18 and its two-hundred day moving average is $53.44. NorthWestern Energy Group, Inc. has a one year low of $46.15 and a one year high of $57.49. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 14.33, a P/E/G ratio of 2.45 and a beta of 0.48. 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 (NYSE:NWE - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $345.20 million during the quarter, compared to the consensus estimate of $344.06 million. During the same period last year, the company earned $0.49 earnings per share. On average, analysts expect that NorthWestern Energy Group, Inc. will post 3.39 earnings per share for the current year.

NorthWestern Energy Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.65 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.60 dividend on an annualized basis and a yield of 4.89%. NorthWestern Energy Group's dividend payout ratio (DPR) is 70.08%.

Insider Buying and Selling at NorthWestern Energy Group

In related news, Director Anthony Thomas Clark sold 7,400 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $51.95, for a total transaction of $384,430.00. Following the completion of the sale, the director now directly owns 16,816 shares in the company, valued at approximately $873,591.20. This trade represents a 30.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Britt E. Ide sold 700 shares of the company's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $53.57, for a total value of $37,499.00. Following the completion of the transaction, the director now directly owns 10,888 shares in the company, valued at $583,270.16. This represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by corporate insiders.

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.