Victory Capital Management Inc. cut its stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 12.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,863,241 shares of the company's stock after selling 265,298 shares during the quarter. Victory Capital Management Inc. owned 3.04% of NorthWestern Energy Group worth $106,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently bought and sold shares of NWE. V Square Quantitative Management LLC bought a new position in NorthWestern Energy Group during the 3rd quarter valued at approximately $26,000. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of NorthWestern Energy Group in the 1st quarter worth about $28,000. EntryPoint Capital LLC purchased a new position in shares of NorthWestern Energy Group during the first quarter valued at about $33,000. 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. Finally, GAMMA Investing LLC boosted its position in NorthWestern Energy Group by 142.9% during the 2nd quarter. GAMMA Investing LLC now owns 1,139 shares of the company's stock valued at $57,000 after acquiring an additional 670 shares in the last quarter. Institutional investors own 96.07% of the company's stock.
NorthWestern Energy Group Price Performance
Shares of NorthWestern Energy Group stock traded down $0.01 during trading hours on Wednesday, reaching $55.18. The company's stock had a trading volume of 110,581 shares, compared to its average volume of 344,675. The firm has a 50 day moving average price of $55.32 and a 200-day moving average price of $52.88. 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 stock has a market cap of $3.38 billion, a P/E ratio of 14.82, a P/E/G ratio of 2.66 and a beta of 0.47. NorthWestern Energy Group, Inc. has a one year low of $46.15 and a one year high of $57.48.
NorthWestern Energy Group (NYSE:NWE - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.65 earnings per share 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 firm had revenue of $345.20 million during the quarter, compared to analysts' expectations of $344.06 million. During the same period last year, the company earned $0.49 earnings per share. On average, analysts predict that NorthWestern Energy Group, Inc. will post 3.38 EPS for the current year.
NorthWestern Energy Group Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 4.71%. The ex-dividend date of this dividend is Friday, December 13th. NorthWestern Energy Group's dividend payout ratio is presently 70.08%.
Analysts Set New Price Targets
Several equities analysts have commented on the company. Mizuho raised their price objective on NorthWestern Energy Group from $52.00 to $56.00 and gave the company a "neutral" rating in a research report on Wednesday, October 9th. Barclays boosted their target price on shares of NorthWestern Energy Group from $50.00 to $53.00 and gave the company an "underweight" rating in a research note on Tuesday, August 6th. 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 objective for the company. StockNews.com lowered NorthWestern Energy Group from a "buy" rating to a "hold" rating in a research note on Tuesday, October 8th. Finally, Wells Fargo & Company lifted their price objective on NorthWestern Energy Group from $58.00 to $61.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $57.00.
Check Out Our Latest Report on NWE
About NorthWestern Energy Group
(
Free Report)
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.
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