NorthWestern Energy Group, Inc. $NWE Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA decreased its holdings in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 24.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 646,893 shares of the company’s stock after selling 206,339 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.05% of NorthWestern Energy Group worth $37,914,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NWE. State Street Corp grew its holdings in shares of NorthWestern Energy Group by 0.5% during the 2nd quarter. State Street Corp now owns 2,594,485 shares of the company’s stock worth $133,097,000 after purchasing an additional 12,530 shares during the period. Geode Capital Management LLC lifted its position in NorthWestern Energy Group by 0.5% in the second quarter. Geode Capital Management LLC now owns 1,577,465 shares of the company’s stock valued at $80,938,000 after buying an additional 7,684 shares during the last quarter. Franklin Resources Inc. lifted its position in NorthWestern Energy Group by 0.8% in the second quarter. Franklin Resources Inc. now owns 1,334,017 shares of the company’s stock valued at $68,435,000 after buying an additional 11,084 shares during the last quarter. Bank of America Corp DE boosted its stake in NorthWestern Energy Group by 65.6% during the second quarter. Bank of America Corp DE now owns 1,222,376 shares of the company’s stock worth $62,708,000 after buying an additional 484,266 shares during the period. Finally, Systematic Financial Management LP increased its position in shares of NorthWestern Energy Group by 2.7% during the second quarter. Systematic Financial Management LP now owns 1,145,309 shares of the company’s stock valued at $58,754,000 after acquiring an additional 30,471 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

NorthWestern Energy Group Trading Up 0.8%

Shares of NWE stock opened at $68.40 on Thursday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.37 and a current ratio of 0.52. The stock has a market capitalization of $4.20 billion, a P/E ratio of 18.74, a price-to-earnings-growth ratio of 2.40 and a beta of 0.35. The company has a 50 day moving average price of $66.13 and a 200 day moving average price of $60.27. NorthWestern Energy Group, Inc. has a fifty-two week low of $50.46 and a fifty-two week high of $69.23.

NorthWestern Energy Group (NYSE:NWE) last released its earnings results on Thursday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, topping 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 quarter last year, the firm posted $0.65 EPS. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. Equities research analysts predict that NorthWestern Energy Group, Inc. will post 3.63 EPS for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Monday, December 15th. NorthWestern Energy Group’s dividend payout ratio (DPR) is presently 74.79%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NWE. Wells Fargo & Company lowered shares of NorthWestern Energy Group from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $58.00 to $53.00 in a report on Tuesday. Barclays boosted their target price on NorthWestern Energy Group from $56.00 to $61.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. Finally, JPMorgan Chase & Co. raised their price target on NorthWestern Energy Group from $60.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $58.20.

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.