NorthWestern Energy Group, Inc. (NYSE:NWE) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 9.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 124,998 shares of the company's stock after selling 13,646 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.20% of NorthWestern Energy Group worth $7,152,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. V Square Quantitative Management LLC bought a new position in shares of NorthWestern Energy Group during the third quarter valued at approximately $26,000. Quest Partners LLC bought a new stake in shares of NorthWestern Energy Group in the 3rd quarter valued at about $45,000. CWM LLC raised its stake in NorthWestern Energy Group by 140.2% in the second quarter. CWM LLC now owns 992 shares of the company's stock worth $50,000 after buying an additional 579 shares in the last quarter. nVerses Capital LLC lifted its stake in shares of NorthWestern Energy Group by 150.0% during the 3rd quarter. nVerses Capital LLC now owns 1,000 shares of the company's stock worth $57,000 after purchasing an additional 600 shares during the last quarter. Finally, KBC Group NV lifted its position in shares of NorthWestern Energy Group by 38.4% during the third quarter. KBC Group NV now owns 1,676 shares of the company's stock valued at $96,000 after buying an additional 465 shares during the last quarter. Institutional investors own 96.07% of the company's stock.

Insiders Place Their Bets

In other NorthWestern Energy Group news, Director Britt E. Ide sold 700 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $53.57, for a total value of $37,499.00. Following the sale, the director now directly owns 10,888 shares of the company's stock, valued at approximately $583,270.16. This trade represents a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.57% of the company's stock.

Analyst Upgrades and Downgrades

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

NorthWestern Energy Group Stock Performance

NWE traded down $0.21 during trading on Tuesday, reaching $52.80. 288,420 shares of the company's stock were exchanged, compared to its average volume of 345,847. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.45 and a quick ratio of 0.30. NorthWestern Energy Group, Inc. has a 1 year low of $46.15 and a 1 year high of $57.49. The company's fifty day simple moving average is $54.87 and its 200-day simple moving average is $53.38. The stock has a market capitalization of $3.24 billion, a P/E ratio of 14.23, a price-to-earnings-growth ratio of 2.57 and a beta of 0.48.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last posted 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). The business had revenue of $345.20 million for the quarter, compared to analyst estimates 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 prior year, the firm earned $0.49 earnings per share. As a group, research analysts predict that NorthWestern Energy Group, Inc. will post 3.39 earnings per share for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date of this dividend is Friday, December 13th. NorthWestern Energy Group's payout ratio is presently 70.08%.

NorthWestern Energy Group Company 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.