Summit Global Investments Takes Position in NorthWestern Energy Group, Inc. (NYSE:NWE)

Summit Global Investments acquired a new position in NorthWestern Energy Group, Inc. (NYSE:NWE) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 8,531 shares of the company’s stock, valued at approximately $434,000.

A number of other institutional investors have also modified their holdings of the business. Massachusetts Financial Services Co. MA bought a new stake in NorthWestern Energy Group in the 3rd quarter valued at about $36,513,000. River Road Asset Management LLC raised its position in shares of NorthWestern Energy Group by 35.0% during the 4th quarter. River Road Asset Management LLC now owns 2,168,217 shares of the company’s stock worth $110,341,000 after buying an additional 562,548 shares in the last quarter. Raymond James & Associates raised its position in shares of NorthWestern Energy Group by 188.1% during the 4th quarter. Raymond James & Associates now owns 335,634 shares of the company’s stock worth $17,080,000 after buying an additional 219,145 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of NorthWestern Energy Group by 5.9% in the 3rd quarter. American Century Companies Inc. now owns 3,816,111 shares of the company’s stock worth $183,402,000 after acquiring an additional 211,296 shares during the period. Finally, Jupiter Asset Management Ltd. bought a new position in shares of NorthWestern Energy Group in the third quarter valued at approximately $8,706,000. Institutional investors own 96.07% of the company’s stock.

Analysts Set New Price Targets

NWE has been the topic of several recent analyst reports. StockNews.com raised NorthWestern Energy Group from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Guggenheim raised NorthWestern Energy Group from a “sell” rating to a “neutral” rating and set a $47.00 target price on the stock in a report on Monday, January 22nd. JPMorgan Chase & Co. raised their price objective on NorthWestern Energy Group from $53.00 to $54.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Finally, Barclays boosted their target price on NorthWestern Energy Group from $48.00 to $49.00 and gave the stock an “underweight” rating in a research report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $51.71.

NorthWestern Energy Group Stock Up 0.4 %

NYSE:NWE opened at $51.18 on Monday. The business’s fifty day moving average price is $49.47 and its 200 day moving average price is $49.57. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 15.46 and a beta of 0.43. The company has a current ratio of 0.89, a quick ratio of 0.66 and a debt-to-equity ratio of 0.99. NorthWestern Energy Group, Inc. has a 1-year low of $45.97 and a 1-year high of $60.29.

NorthWestern Energy Group (NYSE:NWE) last issued its earnings results on Thursday, April 25th. The company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.30). The business had revenue of $475.30 million during the quarter, compared to analyst estimates of $471.60 million. NorthWestern Energy Group had a net margin of 13.62% and a return on equity of 7.31%. NorthWestern Energy Group’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.05 EPS. On average, sell-side analysts forecast that NorthWestern Energy Group, Inc. will post 3.53 earnings per share for the current fiscal year.

NorthWestern Energy Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.65 dividend. The ex-dividend date is Friday, June 14th. This represents a $2.60 dividend on an annualized basis and a yield of 5.08%. NorthWestern Energy Group’s payout ratio is 80.50%.

Insider Buying and Selling at NorthWestern Energy Group

In related news, VP Bobbi L. Schroeppel sold 1,350 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $50.75, for a total transaction of $68,512.50. Following the completion of the sale, the vice president now directly owns 31,814 shares in the company, valued at $1,614,560.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Britt E. Ide sold 687 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $51.30, for a total transaction of $35,243.10. Following the transaction, the director now owns 10,640 shares of the company’s stock, valued at $545,832. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Bobbi L. Schroeppel sold 1,350 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $50.75, for a total transaction of $68,512.50. Following the completion of the sale, the vice president now directly owns 31,814 shares of the company’s stock, valued at $1,614,560.50. The disclosure for this sale can be found here. Company insiders own 0.57% 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.