Thrivent Financial for Lutherans Decreases Stock Holdings in NorthWestern Energy Group, Inc. $NWE

Thrivent Financial for Lutherans lessened its position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 4.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 453,993 shares of the company’s stock after selling 22,498 shares during the quarter. Thrivent Financial for Lutherans owned about 0.74% of NorthWestern Energy Group worth $23,290,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. State of Wyoming increased its stake in NorthWestern Energy Group by 101.0% during the 2nd quarter. State of Wyoming now owns 6,839 shares of the company’s stock valued at $351,000 after purchasing an additional 3,437 shares in the last quarter. Westwood Holdings Group Inc. increased its position in shares of NorthWestern Energy Group by 11.7% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,118,650 shares of the company’s stock valued at $57,387,000 after acquiring an additional 117,449 shares during the period. CANADA LIFE ASSURANCE Co raised its stake in NorthWestern Energy Group by 3.6% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 77,210 shares of the company’s stock worth $3,965,000 after acquiring an additional 2,664 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in NorthWestern Energy Group by 82.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,148 shares of the company’s stock worth $367,000 after acquiring an additional 3,236 shares during the last quarter. Finally, Captrust Financial Advisors lifted its position in NorthWestern Energy Group by 112.0% during the 2nd quarter. Captrust Financial Advisors now owns 10,268 shares of the company’s stock worth $527,000 after acquiring an additional 5,424 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

NorthWestern Energy Group Stock Down 1.7%

NorthWestern Energy Group stock opened at $65.46 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.52 and a quick ratio of 0.37. The stock has a market capitalization of $4.02 billion, a PE ratio of 17.93, a price-to-earnings-growth ratio of 2.40 and a beta of 0.35. The business has a 50 day simple moving average of $63.74 and a 200-day simple moving average of $57.81. NorthWestern Energy Group, Inc. has a 12 month low of $50.43 and a 12 month high of $69.23.

NorthWestern Energy Group (NYSE:NWE) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, beating 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%. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.65 EPS. On average, analysts anticipate that NorthWestern Energy Group, Inc. will post 3.63 EPS for the current fiscal year.

NorthWestern Energy Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a dividend of $0.66 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.0%. NorthWestern Energy Group’s payout ratio is currently 74.79%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Wells Fargo & Company assumed coverage on NorthWestern Energy Group in a research note on Monday, October 27th. They issued an “equal weight” rating and a $58.00 price objective for the company. JPMorgan Chase & Co. increased their price target on shares of NorthWestern Energy Group from $60.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Finally, Barclays lifted their price objective on shares of NorthWestern Energy Group from $56.00 to $61.00 and gave the company an “overweight” rating in a research note on Tuesday, October 21st. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $59.20.

About NorthWestern Energy Group

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.