Magellan Asset Management Ltd lessened its holdings in shares of NorthWestern Energy Group, Inc. (NYSE:NWE – Free Report) by 3.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,493 shares of the company’s stock after selling 1,118 shares during the quarter. Magellan Asset Management Ltd owned 0.05% of NorthWestern Energy Group worth $1,788,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Tucker Asset Management LLC acquired a new position in shares of NorthWestern Energy Group in the first quarter valued at approximately $40,000. EverSource Wealth Advisors LLC lifted its position in NorthWestern Energy Group by 3,833.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 708 shares of the company’s stock valued at $41,000 after acquiring an additional 690 shares in the last quarter. Spirit of America Management Corp NY acquired a new position in NorthWestern Energy Group in the 2nd quarter worth $43,000. Steward Partners Investment Advisory LLC increased its holdings in NorthWestern Energy Group by 47.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 736 shares of the company’s stock worth $44,000 after purchasing an additional 236 shares in the last quarter. Finally, Harbor Capital Advisors Inc. bought a new position in NorthWestern Energy Group during the 2nd quarter worth about $61,000. 96.07% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
NWE has been the subject of several recent research reports. Mizuho reduced their price objective on NorthWestern Energy Group from $59.00 to $51.00 and set a “neutral” rating for the company in a research report on Friday, September 22nd. Wells Fargo & Company raised shares of NorthWestern Energy Group from an “equal weight” rating to an “overweight” rating and decreased their price target for the stock from $59.00 to $51.00 in a research note on Monday, October 30th. LADENBURG THALM/SH SH lowered shares of NorthWestern Energy Group from a “buy” rating to a “neutral” rating and set a $51.00 price objective on the stock. in a research report on Tuesday, November 7th. KeyCorp decreased their target price on shares of NorthWestern Energy Group from $64.00 to $59.00 and set an “overweight” rating for the company in a research report on Wednesday, October 18th. Finally, TheStreet cut shares of NorthWestern Energy Group from a “b” rating to a “c+” rating in a research report on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, NorthWestern Energy Group presently has a consensus rating of “Hold” and a consensus target price of $52.50.
NorthWestern Energy Group Stock Performance
NYSE NWE traded down $0.23 on Tuesday, hitting $50.63. 36,039 shares of the stock were exchanged, compared to its average volume of 360,358. The company has a market capitalization of $3.10 billion, a PE ratio of 16.90, a P/E/G ratio of 3.24 and a beta of 0.46. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.63 and a quick ratio of 0.42. The business’s fifty day moving average is $49.34 and its 200 day moving average is $53.44. NorthWestern Energy Group, Inc. has a 52 week low of $45.97 and a 52 week high of $61.24.
NorthWestern Energy Group (NYSE:NWE – Get Free Report) last issued its earnings results on Thursday, October 26th. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.16). NorthWestern Energy Group had a net margin of 11.91% and a return on equity of 6.62%. The firm had revenue of $321.10 million during the quarter, compared to the consensus estimate of $466.35 million. During the same period in the previous year, the company posted $0.42 earnings per share. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. Research analysts anticipate that NorthWestern Energy Group, Inc. will post 3.06 EPS for the current fiscal year.
NorthWestern Energy Group Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date is Thursday, December 14th. NorthWestern Energy Group’s dividend payout ratio is presently 85.05%.
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.
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