JPMorgan Chase & Co. Sells 372,287 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

JPMorgan Chase & Co. lessened its holdings in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 41.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 518,812 shares of the company's stock after selling 372,287 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.85% of NorthWestern Energy Group worth $29,686,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in NorthWestern Energy Group during the 3rd quarter worth $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of NorthWestern Energy Group during the third quarter worth about $35,000. Quest Partners LLC acquired a new stake in shares of NorthWestern Energy Group in the 3rd quarter worth about $45,000. 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, CWM LLC boosted its stake in NorthWestern Energy Group by 51.7% during the 3rd quarter. CWM LLC now owns 1,505 shares of the company's stock valued at $86,000 after purchasing an additional 513 shares during the period. Institutional investors own 96.07% of the company's stock.

Insider Activity at NorthWestern Energy Group

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

NorthWestern Energy Group Price Performance

Shares of NWE traded up $0.52 during mid-day trading on Wednesday, hitting $52.46. The company's stock had a trading volume of 286,825 shares, compared to its average volume of 337,305. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.45 and a quick ratio of 0.30. The firm has a 50-day moving average price of $53.70 and a 200 day moving average price of $53.66. NorthWestern Energy Group, Inc. has a fifty-two week low of $46.15 and a fifty-two week high of $57.49. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 2.45 and a beta of 0.48.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.05). The business had revenue of $345.20 million during the quarter, compared to analyst estimates 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 quarter last year, the firm posted $0.49 EPS. On average, research analysts predict that NorthWestern Energy Group, Inc. will post 3.39 EPS for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.65 per share. The ex-dividend date was Friday, December 13th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.96%. NorthWestern Energy Group's dividend payout ratio is 70.08%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NWE. Mizuho boosted their price objective 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. JPMorgan Chase & Co. increased their price target on NorthWestern Energy Group from $56.00 to $60.00 and gave the stock a "neutral" rating in a research note on Monday, October 21st. Wells Fargo & Company lifted their price objective on shares of NorthWestern Energy Group from $58.00 to $61.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. Barclays upgraded shares of NorthWestern Energy Group from an "underweight" rating to an "overweight" rating and increased their target price for the company from $53.00 to $56.00 in a research report on Thursday, December 19th. Finally, StockNews.com downgraded shares of NorthWestern Energy Group from a "buy" rating to a "hold" rating in a research report on Tuesday, October 8th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, NorthWestern Energy Group currently has an average rating of "Hold" and an average target price of $57.50.

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.