Mutual of America Capital Management LLC Sells 3,514 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

Mutual of America Capital Management LLC trimmed its position in NorthWestern Energy Group, Inc. (NYSE:NWE) by 3.3% in the third quarter, Holdings Channel reports. The fund owned 103,208 shares of the company’s stock after selling 3,514 shares during the quarter. Mutual of America Capital Management LLC’s holdings in NorthWestern Energy Group were worth $5,906,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Russell Investments Group Ltd. raised its position in NorthWestern Energy Group by 429.0% in the first quarter. Russell Investments Group Ltd. now owns 105,103 shares of the company’s stock valued at $5,353,000 after purchasing an additional 85,235 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of NorthWestern Energy Group by 49.0% during the first quarter. Cetera Investment Advisers now owns 30,963 shares of the company’s stock valued at $1,577,000 after acquiring an additional 10,185 shares during the last quarter. Meritage Portfolio Management lifted its holdings in shares of NorthWestern Energy Group by 1,218.2% during the third quarter. Meritage Portfolio Management now owns 60,954 shares of the company’s stock worth $3,488,000 after purchasing an additional 56,330 shares during the period. Cetera Advisors LLC bought a new stake in shares of NorthWestern Energy Group in the first quarter worth $555,000. Finally, Hsbc Holdings PLC increased its holdings in NorthWestern Energy Group by 600.3% in the second quarter. Hsbc Holdings PLC now owns 49,555 shares of the company’s stock valued at $2,479,000 after purchasing an additional 42,479 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. JPMorgan Chase & Co. lifted their target price on NorthWestern Energy Group from $56.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Mizuho upped their target price on NorthWestern Energy Group from $52.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. StockNews.com lowered shares of NorthWestern Energy Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Bank of America began coverage on shares of NorthWestern Energy Group in a research note on Thursday, September 12th. They issued a “buy” rating and a $65.00 price objective on the stock. Finally, Barclays lifted their target price on shares of NorthWestern Energy Group from $50.00 to $53.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, NorthWestern Energy Group presently has a consensus rating of “Hold” and an average price target of $57.00.

NorthWestern Energy Group Price Performance

NorthWestern Energy Group stock opened at $55.66 on Wednesday. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 15.00, a PEG ratio of 2.66 and a beta of 0.47. NorthWestern Energy Group, Inc. has a 52-week low of $46.15 and a 52-week high of $57.48. 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 stock’s 50 day moving average price is $55.41 and its two-hundred day moving average price is $53.05.

NorthWestern Energy Group (NYSE:NWE) last released its earnings results on Monday, October 28th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.05). The company had revenue of $345.20 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $0.49 EPS. On average, equities analysts predict that NorthWestern Energy Group, Inc. will post 3.38 earnings per share for the current year.

NorthWestern Energy Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.65 dividend. 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 payout ratio is 70.08%.

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.