First Citizens Bank & Trust Co. Boosts Position in NorthWestern Energy Group, Inc. $NWE

First Citizens Bank & Trust Co. increased its stake in NorthWestern Energy Group, Inc. (NYSE:NWE) by 274.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,362 shares of the company’s stock after buying an additional 12,728 shares during the period. First Citizens Bank & Trust Co.’s holdings in NorthWestern Energy Group were worth $891,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Systematic Financial Management LP increased its stake in NorthWestern Energy Group by 0.4% in the 1st quarter. Systematic Financial Management LP now owns 1,114,838 shares of the company’s stock worth $64,516,000 after buying an additional 4,264 shares during the period. Westwood Holdings Group Inc. grew its holdings in NorthWestern Energy Group by 13.2% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,001,201 shares of the company’s stock worth $57,940,000 after acquiring an additional 117,087 shares in the last quarter. Nuveen LLC bought a new position in NorthWestern Energy Group during the 1st quarter worth about $53,538,000. AQR Capital Management LLC grew its holdings in NorthWestern Energy Group by 38.9% during the 1st quarter. AQR Capital Management LLC now owns 583,063 shares of the company’s stock worth $33,482,000 after acquiring an additional 163,147 shares in the last quarter. Finally, Voya Investment Management LLC grew its holdings in NorthWestern Energy Group by 38.2% during the 1st quarter. Voya Investment Management LLC now owns 289,229 shares of the company’s stock worth $16,738,000 after acquiring an additional 79,992 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

Separately, Barclays increased their target price on shares of NorthWestern Energy Group from $56.00 to $61.00 and gave the stock an “overweight” rating in a report on Tuesday. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $60.25.

NorthWestern Energy Group Stock Up 1.0%

NYSE:NWE opened at $62.32 on Friday. NorthWestern Energy Group, Inc. has a fifty-two week low of $50.43 and a fifty-two week high of $62.43. The stock has a market capitalization of $3.83 billion, a P/E ratio of 17.07, a P/E/G ratio of 2.40 and a beta of 0.39. 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 company’s 50-day simple moving average is $57.90 and its 200-day simple moving average is $55.64.

NorthWestern Energy Group (NYSE:NWE) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the company posted $0.53 EPS. 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. On average, equities 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 company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Monday, September 15th. NorthWestern Energy Group’s dividend payout ratio (DPR) is currently 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.