AlphaQuest LLC Sells 29,973 Shares of NorthWestern Energy Group, Inc. $NWE

AlphaQuest LLC reduced its position in NorthWestern Energy Group, Inc. (NYSE:NWE) by 49.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,015 shares of the company’s stock after selling 29,973 shares during the quarter. AlphaQuest LLC’s holdings in NorthWestern Energy Group were worth $1,591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. USA Financial Formulas bought a new position in shares of NorthWestern Energy Group during the second quarter worth $53,000. Costello Asset Management INC boosted its position in shares of NorthWestern Energy Group by 334.3% during the second quarter. Costello Asset Management INC now owns 1,290 shares of the company’s stock worth $66,000 after acquiring an additional 993 shares during the last quarter. Ransom Advisory Ltd boosted its position in shares of NorthWestern Energy Group by 800.0% during the second quarter. Ransom Advisory Ltd now owns 1,800 shares of the company’s stock worth $92,000 after acquiring an additional 1,600 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of NorthWestern Energy Group during the first quarter worth $116,000. Finally, Kestra Investment Management LLC bought a new position in shares of NorthWestern Energy Group during the first quarter worth $129,000. 96.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Barclays upped their target price on shares of NorthWestern Energy Group from $56.00 to $61.00 and gave the stock an “overweight” rating in a research report on Tuesday. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, NorthWestern Energy Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.25.

NorthWestern Energy Group Price Performance

NWE stock opened at $62.32 on Friday. NorthWestern Energy Group, Inc. has a 52 week low of $50.43 and a 52 week high of $62.43. 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 company has a fifty day simple moving average of $57.90 and a two-hundred day simple moving average of $55.64. The firm has a market capitalization of $3.83 billion, a P/E ratio of 17.07, a price-to-earnings-growth ratio of 2.40 and a beta of 0.39.

NorthWestern Energy Group (NYSE:NWE) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. 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 company earned $0.53 earnings per share. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. NorthWestern Energy Group has set its FY 2025 guidance at 3.530-3.650 EPS. Analysts anticipate that NorthWestern Energy Group, Inc. will post 3.63 earnings per share for the current fiscal year.

NorthWestern Energy Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a dividend of $0.66 per share. The ex-dividend date was Monday, September 15th. This represents a $2.64 annualized dividend and a yield of 4.2%. NorthWestern Energy Group’s dividend payout ratio (DPR) is 71.93%.

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.