Retirement Systems of Alabama Has $3.90 Million Position in NorthWestern Energy Group, Inc. (NYSE:NWE)

Retirement Systems of Alabama boosted its holdings in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 76,703 shares of the company’s stock after acquiring an additional 1,735 shares during the quarter. Retirement Systems of Alabama owned approximately 0.13% of NorthWestern Energy Group worth $3,903,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of NorthWestern Energy Group by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,592,679 shares of the company’s stock valued at $316,844,000 after purchasing an additional 19,489 shares during the last quarter. American Century Companies Inc. lifted its position in shares of NorthWestern Energy Group by 5.9% in the third quarter. American Century Companies Inc. now owns 3,816,111 shares of the company’s stock worth $183,402,000 after buying an additional 211,296 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of NorthWestern Energy Group by 5.5% during the 3rd quarter. Victory Capital Management Inc. now owns 2,420,762 shares of the company’s stock worth $116,342,000 after acquiring an additional 126,439 shares in the last quarter. River Road Asset Management LLC increased its holdings in shares of NorthWestern Energy Group by 35.0% during the 4th quarter. River Road Asset Management LLC now owns 2,168,217 shares of the company’s stock valued at $110,341,000 after acquiring an additional 562,548 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its holdings in shares of NorthWestern Energy Group by 14.7% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,240,873 shares of the company’s stock valued at $59,636,000 after acquiring an additional 158,805 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NorthWestern Energy Group

In other NorthWestern Energy Group news, VP Bobbi L. Schroeppel sold 1,350 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $50.75, for a total value of $68,512.50. Following the transaction, the vice president now directly owns 31,814 shares of the company’s stock, valued at $1,614,560.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, VP Bobbi L. Schroeppel sold 1,350 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $50.75, for a total value of $68,512.50. Following the transaction, the vice president now owns 31,814 shares of the company’s stock, valued at approximately $1,614,560.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Britt E. Ide sold 687 shares of NorthWestern Energy Group stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $51.30, for a total value of $35,243.10. Following the sale, the director now directly owns 10,640 shares of the company’s stock, valued at $545,832. The disclosure for this sale can be found here. 0.57% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NWE. Guggenheim raised NorthWestern Energy Group from a “sell” rating to a “neutral” rating and set a $47.00 target price for the company in a research report on Monday, January 22nd. Barclays raised their target price on shares of NorthWestern Energy Group from $48.00 to $49.00 and gave the company an “underweight” rating in a research note on Monday, January 22nd. JPMorgan Chase & Co. boosted their target price on shares of NorthWestern Energy Group from $53.00 to $54.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Finally, StockNews.com upgraded shares of NorthWestern Energy Group from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, NorthWestern Energy Group has an average rating of “Hold” and an average price target of $51.71.

NorthWestern Energy Group Price Performance

Shares of NWE stock opened at $51.15 on Tuesday. NorthWestern Energy Group, Inc. has a 1 year low of $45.97 and a 1 year high of $60.29. The company has a current ratio of 0.89, a quick ratio of 0.66 and a debt-to-equity ratio of 0.99. The firm’s 50 day moving average is $49.54 and its 200-day moving average is $49.60. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of 15.84 and a beta of 0.43.

NorthWestern Energy Group (NYSE:NWE) last released its earnings results on Thursday, April 25th. The company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.30). The firm had revenue of $475.30 million during the quarter, compared to analyst estimates of $471.60 million. NorthWestern Energy Group had a net margin of 13.62% and a return on equity of 7.31%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the business posted $1.05 earnings per share. Sell-side analysts forecast that NorthWestern Energy Group, Inc. will post 3.53 EPS for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 5.08%. The ex-dividend date of this dividend is Friday, June 14th. NorthWestern Energy Group’s dividend payout ratio is 80.50%.

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.