Oliver Luxxe Assets LLC boosted its position in NorthWestern Energy Group, Inc. (NYSE:NWE – Free Report) by 4.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 70,483 shares of the company’s stock after acquiring an additional 3,161 shares during the quarter. Oliver Luxxe Assets LLC owned 0.11% of NorthWestern Energy Group worth $3,768,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Arizona State Retirement System increased its position in shares of NorthWestern Energy Group by 1.9% during the second quarter. Arizona State Retirement System now owns 17,154 shares of the company’s stock worth $859,000 after buying an additional 323 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in NorthWestern Energy Group by 4.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 7,903 shares of the company’s stock worth $452,000 after acquiring an additional 359 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its stake in shares of NorthWestern Energy Group by 0.6% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 62,205 shares of the company’s stock valued at $3,559,000 after buying an additional 375 shares during the period. V Square Quantitative Management LLC acquired a new stake in NorthWestern Energy Group in the third quarter valued at approximately $26,000. Finally, KBC Group NV raised its position in shares of NorthWestern Energy Group by 38.4% during the third quarter. KBC Group NV now owns 1,676 shares of the company’s stock worth $96,000 after purchasing an additional 465 shares during the period. 96.07% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on NWE shares. Mizuho upped their price objective on shares of NorthWestern Energy Group from $52.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Barclays upgraded shares of NorthWestern Energy Group from an “underweight” rating to an “overweight” rating and lifted their target price for the stock from $53.00 to $56.00 in a research note on Thursday, December 19th. JPMorgan Chase & Co. boosted their price objective on NorthWestern Energy Group from $56.00 to $60.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Wells Fargo & Company upped their price target on NorthWestern Energy Group from $58.00 to $61.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Finally, StockNews.com downgraded NorthWestern Energy Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, NorthWestern Energy Group presently has a consensus rating of “Hold” and an average price target of $57.50.
NorthWestern Energy Group Stock Down 2.6 %
Shares of NWE stock traded down $1.37 during trading hours on Monday, hitting $51.77. 164,360 shares of the company’s stock traded hands, compared to its average volume of 283,927. NorthWestern Energy Group, Inc. has a 12-month low of $46.15 and a 12-month high of $57.49. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 2.45 and a beta of 0.48. The stock’s fifty day simple moving average is $53.80 and its two-hundred day simple moving average is $53.59. The company has a quick ratio of 0.30, a current ratio of 0.45 and a debt-to-equity ratio of 0.91.
NorthWestern Energy Group (NYSE:NWE – Get Free Report) last posted its earnings results on Monday, October 28th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.05). The company had revenue of $345.20 million for the quarter, compared to the consensus estimate 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 prior year, the company posted $0.49 EPS. On average, analysts expect that NorthWestern Energy Group, Inc. will post 3.39 EPS for the current year.
NorthWestern Energy Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.65 per share. The ex-dividend date was Friday, December 13th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 5.02%. NorthWestern Energy Group’s payout ratio is 70.08%.
Insider Buying and Selling
In other NorthWestern Energy Group news, Director Anthony Thomas Clark sold 7,400 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $51.95, for a total value of $384,430.00. Following the completion of the sale, the director now owns 16,816 shares of the company’s stock, valued at $873,591.20. This trade represents a 30.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Britt E. Ide sold 700 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $53.57, for a total value of $37,499.00. Following the completion of the sale, the director now owns 10,888 shares in the company, valued at approximately $583,270.16. The trade was a 6.04 % decrease in their position. The disclosure for this sale can be found here. 0.94% of the stock is currently owned by company insiders.
About NorthWestern Energy Group
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.
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