NorthWestern Energy Group, Inc. (NYSE:NWE) Shares Purchased by Strs Ohio

Strs Ohio boosted its holdings in NorthWestern Energy Group, Inc. (NYSE:NWE) by 11.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,000 shares of the company’s stock after acquiring an additional 400 shares during the period. Strs Ohio’s holdings in NorthWestern Energy Group were worth $227,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in NWE. D.A. Davidson & CO. raised its position in NorthWestern Energy Group by 5.3% in the first quarter. D.A. Davidson & CO. now owns 4,000 shares of the company’s stock valued at $231,000 after purchasing an additional 200 shares during the period. New York State Teachers Retirement System raised its position in NorthWestern Energy Group by 0.3% in the second quarter. New York State Teachers Retirement System now owns 74,369 shares of the company’s stock valued at $4,221,000 after purchasing an additional 208 shares during the period. Steward Partners Investment Advisory LLC raised its position in NorthWestern Energy Group by 47.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 736 shares of the company’s stock valued at $44,000 after purchasing an additional 236 shares during the period. Signaturefd LLC increased its position in shares of NorthWestern Energy Group by 29.2% during the first quarter. Signaturefd LLC now owns 1,089 shares of the company’s stock worth $63,000 after acquiring an additional 246 shares during the period. Finally, Harbor Investment Advisory LLC increased its position in shares of NorthWestern Energy Group by 27.7% during the second quarter. Harbor Investment Advisory LLC now owns 1,147 shares of the company’s stock worth $65,000 after acquiring an additional 249 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

NorthWestern Energy Group Price Performance

Shares of NWE opened at $48.97 on Thursday. NorthWestern Energy Group, Inc. has a fifty-two week low of $45.97 and a fifty-two week high of $61.24. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 3.01 and a beta of 0.45. The firm has a 50-day simple moving average of $49.39 and a 200-day simple moving average of $54.28. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.53 and a current ratio of 0.63.

NorthWestern Energy Group (NYSE:NWE) last announced its earnings results on Thursday, October 26th. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.16). NorthWestern Energy Group had a return on equity of 6.62% and a net margin of 11.91%. The business had revenue of $321.10 million for the quarter, compared to analyst estimates of $466.35 million. During the same quarter last year, the company posted $0.42 EPS. NorthWestern Energy Group’s quarterly revenue was down 4.2% on a year-over-year basis. On average, equities research analysts anticipate that NorthWestern Energy Group, Inc. will post 3.05 earnings per share for the current year.

NorthWestern Energy Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a $0.64 dividend. The ex-dividend date is Thursday, December 14th. This represents a $2.56 dividend on an annualized basis and a yield of 5.23%. NorthWestern Energy Group’s payout ratio is currently 85.05%.

Analyst Ratings Changes

A number of analysts have recently weighed in on NWE shares. StockNews.com started coverage on NorthWestern Energy Group in a research report on Thursday, October 5th. They set a “hold” rating on the stock. TheStreet lowered NorthWestern Energy Group from a “b” rating to a “c+” rating in a research report on Friday, August 25th. Wells Fargo & Company raised NorthWestern Energy Group from an “equal weight” rating to an “overweight” rating and cut their price objective for the stock from $59.00 to $51.00 in a research report on Monday. KeyCorp cut their price objective on NorthWestern Energy Group from $64.00 to $59.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 18th. Finally, Barclays began coverage on NorthWestern Energy Group in a report on Wednesday, August 23rd. They issued an “underweight” rating and a $48.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $52.75.

NorthWestern Energy Group 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.