XTX Topco Ltd Buys New Position in NorthWestern Energy Group, Inc. (NYSE:NWE)

XTX Topco Ltd acquired a new stake in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,026 shares of the company's stock, valued at approximately $631,000.

Several other hedge funds and other institutional investors also recently modified their holdings of NWE. American Century Companies Inc. increased its stake in shares of NorthWestern Energy Group by 0.5% in the second quarter. American Century Companies Inc. now owns 3,968,413 shares of the company's stock worth $198,738,000 after purchasing an additional 19,748 shares in the last quarter. State Street Corp increased its stake in NorthWestern Energy Group by 1.7% during the 3rd quarter. State Street Corp now owns 2,504,400 shares of the company's stock valued at $143,302,000 after purchasing an additional 42,104 shares in the last quarter. River Road Asset Management LLC boosted its holdings in NorthWestern Energy Group by 0.7% during the third quarter. River Road Asset Management LLC now owns 2,235,009 shares of the company's stock worth $127,887,000 after buying an additional 14,654 shares in the last quarter. Victory Capital Management Inc. raised its position in NorthWestern Energy Group by 0.9% during the second quarter. Victory Capital Management Inc. now owns 2,128,539 shares of the company's stock worth $106,597,000 after acquiring an additional 19,369 shares during the period. Finally, Systematic Financial Management LP increased its position in NorthWestern Energy Group by 11.8% during the third quarter. Systematic Financial Management LP now owns 1,070,434 shares of the company's stock worth $61,250,000 after purchasing an additional 113,265 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Wall Street Analysts Forecast Growth

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

NorthWestern Energy Group Trading Down 1.3 %

NYSE NWE traded down $0.65 during mid-day trading on Friday, reaching $50.93. 244,948 shares of the stock were exchanged, compared to its average volume of 345,549. NorthWestern Energy Group, Inc. has a one year low of $46.15 and a one year high of $57.49. 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 $3.12 billion, a P/E ratio of 13.73, a P/E/G ratio of 2.51 and a beta of 0.48. The stock has a 50 day simple moving average of $54.70 and a 200-day simple moving average of $53.36.

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 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 for the quarter, compared to the consensus estimate of $344.06 million. During the same period last year, the company posted $0.49 EPS. On average, analysts anticipate that NorthWestern Energy Group, Inc. will post 3.39 EPS for the current year.

NorthWestern Energy Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 5.11%. The ex-dividend date of this dividend is Friday, December 13th. NorthWestern Energy Group's dividend payout ratio is presently 70.08%.

Insider Activity

In other news, Director Britt E. Ide sold 700 shares of NorthWestern Energy Group stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 10,888 shares of the company's stock, valued at $583,270.16. The trade was a 6.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anthony Thomas Clark sold 7,400 shares of the business's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $51.95, for a total transaction of $384,430.00. Following the transaction, the director now directly owns 16,816 shares in the company, valued at approximately $873,591.20. The trade was a 30.56 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.94% of the company's stock.

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.