Advisory Services Network LLC Makes New Investment in NorthWestern Energy Group, Inc. (NYSE:NWE)

Advisory Services Network LLC acquired a new position in NorthWestern Energy Group, Inc. (NYSE:NWEFree Report) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 3,304 shares of the company’s stock, valued at approximately $168,000.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of NorthWestern Energy Group by 0.3% in the third quarter. Vanguard Group Inc. now owns 6,592,679 shares of the company’s stock worth $316,844,000 after acquiring an additional 19,489 shares during the period. American Century Companies Inc. raised 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 acquiring an additional 211,296 shares during the period. River Road Asset Management LLC raised its position in shares of NorthWestern Energy Group by 35.0% in the fourth quarter. River Road Asset Management LLC now owns 2,168,217 shares of the company’s stock worth $110,341,000 after acquiring an additional 562,548 shares during the period. Fuller & Thaler Asset Management Inc. raised its position in shares of NorthWestern Energy Group by 14.7% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,240,873 shares of the company’s stock worth $59,636,000 after acquiring an additional 158,805 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in shares of NorthWestern Energy Group by 27.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 968,054 shares of the company’s stock worth $49,264,000 after acquiring an additional 208,326 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

NorthWestern Energy Group Stock Down 0.9 %

Shares of NYSE NWE opened at $51.02 on Friday. NorthWestern Energy Group, Inc. has a 12-month low of $45.97 and a 12-month high of $59.59. The stock has a market cap of $3.13 billion, a PE ratio of 15.80 and a beta of 0.45. 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 company has a 50-day moving average of $50.73 and a 200 day moving average of $50.00.

NorthWestern Energy Group (NYSE:NWEGet Free Report) last announced its quarterly earnings data 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 net margin of 13.62% and a return on equity of 7.31%. The business had revenue of $475.30 million for the quarter, compared to analysts’ expectations of $471.60 million. During the same period in the prior year, the company posted $1.05 EPS. The firm’s revenue was up 4.6% on a year-over-year basis. As a group, sell-side analysts predict that NorthWestern Energy Group, Inc. will post 3.53 EPS for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.60 annualized dividend and a dividend yield of 5.10%. NorthWestern Energy Group’s dividend payout ratio (DPR) is 80.50%.

Insider Activity

In other news, VP John D. Hines sold 1,565 shares of the stock in a transaction that occurred 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 completion of the sale, the vice president now owns 32,794 shares of the company’s stock, valued at approximately $1,677,413.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, VP John D. Hines sold 1,565 shares of the stock in a transaction that occurred 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 completion of the sale, the vice president now owns 32,794 shares of the company’s stock, valued at approximately $1,677,413.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Britt E. Ide sold 687 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $51.30, for a total transaction of $35,243.10. Following the completion of the transaction, the director now owns 10,640 shares in the company, valued at $545,832. The disclosure for this sale can be found here. Insiders sold a total of 3,602 shares of company stock valued at $183,805 in the last 90 days. Company insiders own 0.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NWE. 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 note on Thursday, March 21st. Mizuho boosted their target price on shares of NorthWestern Energy Group from $51.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, May 16th. Finally, StockNews.com raised shares of NorthWestern Energy Group from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. One research 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $51.86.

Read Our Latest Analysis on NorthWestern Energy Group

NorthWestern Energy Group Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for NorthWestern Energy Group (NYSE:NWE)

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