Envestnet Portfolio Solutions Inc. Increases Stake in NorthWestern Energy Group, Inc. (NYSE:NWE)

Envestnet Portfolio Solutions Inc. grew its stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 24.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,337 shares of the company’s stock after purchasing an additional 2,040 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in NorthWestern Energy Group were worth $526,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in NWE. Charles Schwab Investment Management Inc. boosted its position in NorthWestern Energy Group by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 768,577 shares of the company’s stock valued at $39,113,000 after buying an additional 31,100 shares during the period. Louisiana State Employees Retirement System purchased a new stake in shares of NorthWestern Energy Group during the fourth quarter worth about $875,000. Swiss National Bank grew its stake in shares of NorthWestern Energy Group by 1.0% in the third quarter. Swiss National Bank now owns 131,383 shares of the company’s stock worth $6,314,000 after purchasing an additional 1,300 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of NorthWestern Energy Group by 451.5% in the fourth quarter. Federated Hermes Inc. now owns 46,371 shares of the company’s stock worth $2,360,000 after purchasing an additional 37,963 shares during the last quarter. Finally, Versor Investments LP purchased a new position in NorthWestern Energy Group during the 4th quarter valued at about $816,000. Institutional investors own 96.07% of the company’s stock.

Insiders Place Their Bets

In other news, VP John D. Hines sold 1,565 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $51.15, for a total transaction of $80,049.75. Following the transaction, the vice president now directly owns 32,794 shares of the company’s stock, valued at $1,677,413.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other NorthWestern Energy Group news, Director Britt E. Ide sold 687 shares of NorthWestern Energy Group stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $51.30, for a total value of $35,243.10. Following the completion of the sale, the director now owns 10,640 shares of the company’s stock, valued at approximately $545,832. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP John D. Hines sold 1,565 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $51.15, for a total value of $80,049.75. Following the transaction, the vice president now directly owns 32,794 shares in the company, valued at $1,677,413.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,602 shares of company stock valued at $183,805. Corporate insiders own 0.57% of the company’s stock.

NorthWestern Energy Group Price Performance

Shares of NYSE:NWE opened at $52.82 on Wednesday. The company has a market capitalization of $3.24 billion, a PE ratio of 15.97 and a beta of 0.43. The business has a fifty day moving average price of $50.25 and a 200-day moving average price of $49.90. NorthWestern Energy Group, Inc. has a 1-year low of $45.97 and a 1-year high of $59.59. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.89 and a quick ratio of 0.66.

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

NorthWestern Energy Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.65 per share. The ex-dividend date is Friday, June 14th. This represents a $2.60 annualized dividend and a yield of 4.92%. NorthWestern Energy Group’s dividend payout ratio is 80.50%.

Analyst Ratings Changes

Several research firms have weighed in on NWE. JPMorgan Chase & Co. increased their price objective on NorthWestern Energy Group from $53.00 to $54.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Mizuho increased their price objective on NorthWestern Energy Group from $51.00 to $52.00 and gave the stock a “neutral” rating in a report on Thursday, May 16th. 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 equities research 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $51.86.

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.