Raymond James Financial Services Advisors Inc. Buys Shares of 4,048 NorthWestern Energy Group, Inc. (NYSE:NWE)

Raymond James Financial Services Advisors Inc. bought a new stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 4,048 shares of the company’s stock, valued at approximately $206,000.

Other hedge funds have also bought and sold shares of the company. Spirit of America Management Corp NY lifted its position in NorthWestern Energy Group by 33.3% during the third quarter. Spirit of America Management Corp NY now owns 1,000 shares of the company’s stock valued at $48,000 after purchasing an additional 250 shares during the last quarter. Tucker Asset Management LLC lifted its position in NorthWestern Energy Group by 32.7% during the third quarter. Tucker Asset Management LLC now owns 1,875 shares of the company’s stock valued at $90,000 after purchasing an additional 462 shares during the last quarter. Quantbot Technologies LP lifted its position in NorthWestern Energy Group by 1,233.1% during the third quarter. Quantbot Technologies LP now owns 2,373 shares of the company’s stock valued at $114,000 after purchasing an additional 2,195 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new stake in NorthWestern Energy Group during the third quarter valued at approximately $126,000. Finally, Truepoint Inc. bought a new stake in shares of NorthWestern Energy Group in the 3rd quarter worth approximately $203,000. 96.07% of the stock is currently owned by institutional investors.

NorthWestern Energy Group Stock Up 0.3 %

Shares of NorthWestern Energy Group stock opened at $50.61 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.97. The company’s fifty day simple moving average is $49.27 and its two-hundred day simple moving average is $49.49. The company has a market cap of $3.10 billion, a P/E ratio of 15.72 and a beta of 0.43. NorthWestern Energy Group, Inc. has a 12-month low of $45.97 and a 12-month high of $60.56.

NorthWestern Energy Group (NYSE:NWE) last issued its quarterly earnings data on Thursday, February 15th. The company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.19. The business had revenue of $356.00 million for the quarter, compared to the consensus estimate of $443.27 million. NorthWestern Energy Group had a net margin of 13.64% and a return on equity of 7.23%. During the same period in the previous year, the firm earned $1.13 EPS. Research analysts anticipate that NorthWestern Energy Group, Inc. will post 3.53 EPS for the current year.

NorthWestern Energy Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.65 per share. This is an increase from NorthWestern Energy Group’s previous quarterly dividend of $0.64. This represents a $2.60 dividend on an annualized basis and a yield of 5.14%. The ex-dividend date of this dividend was Thursday, March 14th. NorthWestern Energy Group’s payout ratio is presently 80.75%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Guggenheim upgraded shares of NorthWestern Energy Group from a “sell” rating to a “neutral” rating and set a $47.00 price objective for the company in a report on Monday, January 22nd. StockNews.com upgraded shares of NorthWestern Energy Group from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. boosted their price objective on shares of NorthWestern Energy Group from $53.00 to $54.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. KeyCorp restated a “sector weight” rating on shares of NorthWestern Energy Group in a report on Thursday, January 4th. Finally, Barclays lifted their target price on shares of NorthWestern Energy Group from $48.00 to $49.00 and gave the stock an “underweight” rating in a research note on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $51.71.

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.