Oppenheimer Asset Management Inc. Buys 359 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

Oppenheimer Asset Management Inc. raised its holdings in NorthWestern Energy Group, Inc. (NYSE:NWE) by 4.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,903 shares of the company’s stock after acquiring an additional 359 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in NorthWestern Energy Group were worth $452,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new position in NorthWestern Energy Group during the 3rd quarter valued at about $26,000. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of NorthWestern Energy Group in the 1st quarter valued at about $28,000. EntryPoint Capital LLC purchased a new stake in shares of NorthWestern Energy Group during the 1st quarter valued at $33,000. CWM LLC increased its holdings in shares of NorthWestern Energy Group by 140.2% during the second quarter. CWM LLC now owns 992 shares of the company’s stock valued at $50,000 after acquiring an additional 579 shares in the last quarter. Finally, nVerses Capital LLC lifted its stake in shares of NorthWestern Energy Group by 150.0% during the third quarter. nVerses Capital LLC now owns 1,000 shares of the company’s stock worth $57,000 after buying an additional 600 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

NorthWestern Energy Group Stock Performance

Shares of NWE stock opened at $55.66 on Wednesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.30 and a current ratio of 0.45. The firm’s 50 day moving average price is $55.41 and its 200-day moving average price is $53.05. NorthWestern Energy Group, Inc. has a one year low of $46.15 and a one year high of $57.48. The firm has a market cap of $3.41 billion, a P/E ratio of 14.87, a P/E/G ratio of 2.66 and a beta of 0.47.

NorthWestern Energy Group (NYSE:NWE) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.05). The business had revenue of $345.20 million during the quarter, compared to analysts’ expectations of $344.06 million. NorthWestern Energy Group had a net margin of 15.15% and a return on equity of 7.95%. During the same period in the prior year, the business earned $0.49 EPS. As a group, equities research analysts predict that NorthWestern Energy Group, Inc. will post 3.38 EPS for the current year.

NorthWestern Energy Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date is Friday, December 13th. NorthWestern Energy Group’s dividend payout ratio (DPR) is 70.08%.

Analyst Ratings Changes

A number of analysts have recently weighed in on NWE shares. JPMorgan Chase & Co. increased their price objective on shares of NorthWestern Energy Group from $56.00 to $60.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Mizuho raised their target price on NorthWestern Energy Group from $52.00 to $56.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. StockNews.com lowered shares of NorthWestern Energy Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Wells Fargo & Company increased their price target on shares of NorthWestern Energy Group from $58.00 to $61.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Finally, Bank of America began coverage on NorthWestern Energy Group in a research report on Thursday, September 12th. They issued a “buy” rating and a $65.00 price objective for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $57.00.

NorthWestern Energy Group 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.