MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $16.13 Million Position in NorthWestern Energy Group, Inc. (NYSE:NWE)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 6.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 301,769 shares of the company’s stock after buying an additional 17,918 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in NorthWestern Energy Group were worth $16,133,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Deutsche Bank AG raised its position in shares of NorthWestern Energy Group by 22.8% in the 4th quarter. Deutsche Bank AG now owns 78,814 shares of the company’s stock worth $4,213,000 after acquiring an additional 14,613 shares in the last quarter. DC Investments Management LLC raised its position in shares of NorthWestern Energy Group by 46.1% in the 4th quarter. DC Investments Management LLC now owns 44,816 shares of the company’s stock worth $2,396,000 after acquiring an additional 14,146 shares in the last quarter. EP Wealth Advisors LLC bought a new position in shares of NorthWestern Energy Group in the 4th quarter worth about $203,000. Cetera Investment Advisers raised its position in shares of NorthWestern Energy Group by 15.0% in the 4th quarter. Cetera Investment Advisers now owns 26,568 shares of the company’s stock worth $1,420,000 after acquiring an additional 3,467 shares in the last quarter. Finally, Centiva Capital LP bought a new position in shares of NorthWestern Energy Group in the 4th quarter worth about $330,000. 96.07% of the stock is owned by institutional investors and hedge funds.

NorthWestern Energy Group Stock Performance

Shares of NorthWestern Energy Group stock opened at $55.44 on Friday. NorthWestern Energy Group, Inc. has a one year low of $48.52 and a one year high of $59.89. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 15.19, a PEG ratio of 2.40 and a beta of 0.40. The business has a 50-day simple moving average of $56.79 and a 200 day simple moving average of $54.84. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.52 and a quick ratio of 0.37.

NorthWestern Energy Group (NYSE:NWE) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.04. NorthWestern Energy Group had a return on equity of 7.40% and a net margin of 14.81%. NorthWestern Energy Group’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the company posted $1.09 earnings per share. On average, research analysts anticipate that NorthWestern Energy Group, Inc. will post 3.63 earnings per share for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date of this dividend is Friday, June 13th. NorthWestern Energy Group’s dividend payout ratio is currently 68.75%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on NWE shares. Barclays lifted their price objective on NorthWestern Energy Group from $56.00 to $59.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 22nd. Guggenheim raised NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Wells Fargo & Company lifted their price objective on NorthWestern Energy Group from $62.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Finally, BMO Capital Markets initiated coverage on NorthWestern Energy Group in a research report on Tuesday. They issued a “market perform” rating and a $60.00 target price for the company. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, NorthWestern Energy Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.21.

Insiders Place Their Bets

In other NorthWestern Energy Group news, Director Britt E. Ide sold 702 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $54.32, for a total transaction of $38,132.64. Following the completion of the sale, the director now directly owns 11,021 shares of the company’s stock, valued at approximately $598,660.72. The trade was a 5.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.94% of the company’s stock.

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.