Heartland Advisors Inc. lessened its stake in NorthWestern Energy Group, Inc. (NYSE:NWE – Free Report) by 61.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,805 shares of the company’s stock after selling 42,699 shares during the quarter. Heartland Advisors Inc.’s holdings in NorthWestern Energy Group were worth $1,571,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Daiwa Securities Group Inc. boosted its holdings in NorthWestern Energy Group by 34.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 845 shares of the company’s stock worth $43,000 after acquiring an additional 216 shares during the last quarter. Hantz Financial Services Inc. lifted its position in shares of NorthWestern Energy Group by 299.5% during the third quarter. Hantz Financial Services Inc. now owns 803 shares of the company’s stock valued at $47,000 after purchasing an additional 602 shares in the last quarter. Rothschild Investment LLC lifted its position in shares of NorthWestern Energy Group by 838.4% during the third quarter. Rothschild Investment LLC now owns 807 shares of the company’s stock valued at $47,000 after purchasing an additional 721 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in NorthWestern Energy Group by 96.8% during the third quarter. Farther Finance Advisors LLC now owns 982 shares of the company’s stock worth $58,000 after purchasing an additional 483 shares during the last quarter. Finally, Westfuller Advisors LLC bought a new stake in NorthWestern Energy Group in the 3rd quarter worth about $69,000. Institutional investors own 96.07% of the company’s stock.
NorthWestern Energy Group Trading Down 0.6%
NYSE:NWE opened at $69.28 on Wednesday. The company has a quick ratio of 0.37, a current ratio of 0.52 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $4.26 billion, a P/E ratio of 18.98, a P/E/G ratio of 2.40 and a beta of 0.34. NorthWestern Energy Group, Inc. has a 52 week low of $50.46 and a 52 week high of $71.26. The company has a fifty day moving average of $66.79 and a 200 day moving average of $62.42.
NorthWestern Energy Group Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a dividend of $0.67 per share. This is an increase from NorthWestern Energy Group’s previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, March 13th. NorthWestern Energy Group’s dividend payout ratio is presently 91.16%.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on NorthWestern Energy Group from $60.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. BMO Capital Markets raised their target price on NorthWestern Energy Group from $65.00 to $70.00 and gave the company a “market perform” rating in a research report on Friday, February 13th. Wells Fargo & Company cut their price target on shares of NorthWestern Energy Group from $53.00 to $52.00 and set an “underweight” rating on the stock in a report on Friday, February 13th. Finally, Barclays increased their price objective on NorthWestern Energy Group from $61.00 to $62.00 and gave the company an “overweight” rating in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, NorthWestern Energy Group currently has a consensus rating of “Hold” and a consensus target price of $60.20.
View Our Latest Research Report on NorthWestern Energy Group
NorthWestern Energy Group Profile
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.
Further Reading
- Five stocks we like better than NorthWestern Energy Group
- Energy Security Is Now National Security – Positioning Is Happening Now
- When to buy gold (mathematically)
- The gold chart Wall Street is terrified of…
- Unlocked: Elon Musk’s Next Big IPO
- Your Bank Account Is No Longer Safe
Want to see what other hedge funds are holding NWE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NorthWestern Energy Group, Inc. (NYSE:NWE – Free Report).
Receive News & Ratings for NorthWestern Energy Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NorthWestern Energy Group and related companies with MarketBeat.com's FREE daily email newsletter.
