Strs Ohio Raises Stake in NorthWestern Energy Group, Inc. $NWE

Strs Ohio raised its holdings in NorthWestern Energy Group, Inc. (NYSE:NWE) by 402.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,600 shares of the company’s stock after purchasing an additional 14,900 shares during the quarter. Strs Ohio’s holdings in NorthWestern Energy Group were worth $1,090,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in NWE. Norges Bank acquired a new position in NorthWestern Energy Group in the 2nd quarter valued at about $39,428,000. Bank of America Corp DE grew its stake in shares of NorthWestern Energy Group by 65.6% in the 2nd quarter. Bank of America Corp DE now owns 1,222,376 shares of the company’s stock valued at $62,708,000 after purchasing an additional 484,266 shares during the last quarter. Qube Research & Technologies Ltd raised its stake in shares of NorthWestern Energy Group by 113.5% during the second quarter. Qube Research & Technologies Ltd now owns 429,484 shares of the company’s stock worth $22,033,000 after purchasing an additional 228,350 shares during the last quarter. Westwood Holdings Group Inc. raised its stake in shares of NorthWestern Energy Group by 11.7% during the second quarter. Westwood Holdings Group Inc. now owns 1,118,650 shares of the company’s stock worth $57,387,000 after purchasing an additional 117,449 shares during the last quarter. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of NorthWestern Energy Group by 512.4% during the second quarter. Cubist Systematic Strategies LLC now owns 136,715 shares of the company’s stock worth $7,013,000 after purchasing an additional 114,391 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

NorthWestern Energy Group Stock Up 1.2%

Shares of NYSE NWE opened at $67.44 on Wednesday. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 18.48, a price-to-earnings-growth ratio of 2.40 and a beta of 0.35. NorthWestern Energy Group, Inc. has a 52 week low of $50.46 and a 52 week high of $69.23. The firm has a 50-day moving average price of $66.27 and a 200 day moving average price of $60.74. The company has a quick ratio of 0.37, a current ratio of 0.52 and a debt-to-equity ratio of 0.94.

NorthWestern Energy Group (NYSE:NWE) last issued its earnings results on Thursday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.04. NorthWestern Energy Group had a net margin of 14.81% and a return on equity of 7.40%. During the same period in the previous year, the firm earned $0.65 earnings per share. The business’s quarterly revenue was up 12.1% on a year-over-year basis. Equities research analysts anticipate that NorthWestern Energy Group, Inc. will post 3.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wells Fargo & Company downgraded shares of NorthWestern Energy Group from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $58.00 to $53.00 in a research report on Tuesday, January 20th. JPMorgan Chase & Co. boosted their price target on shares of NorthWestern Energy Group from $60.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Finally, Barclays raised their price objective on shares of NorthWestern Energy Group from $61.00 to $62.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, NorthWestern Energy Group currently has an average rating of “Hold” and a consensus target price of $58.40.

About NorthWestern Energy Group

NorthWestern Energy Group (NYSE: NWE) is a regulated energy utility company based in Sioux Falls, South Dakota. The company delivers electricity and natural gas to residential, commercial and industrial customers across a service territory that spans Montana, South Dakota and Nebraska. Through its wholly owned subsidiary, NorthWestern Corporation, it operates a diversified portfolio of generation assets, including thermal, hydroelectric and renewable facilities, as well as an extensive network of transmission and distribution lines.

NorthWestern Energy’s primary business activities encompass the delivery, transmission and sale of electric and natural gas services.