Pacer Advisors Inc. Acquires 9,459 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

Pacer Advisors Inc. boosted its holdings in NorthWestern Energy Group, Inc. (NYSE:NWEFree Report) by 186.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,533 shares of the company’s stock after purchasing an additional 9,459 shares during the period. Pacer Advisors Inc.’s holdings in NorthWestern Energy Group were worth $740,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in NorthWestern Energy Group by 1.4% in the second quarter. BlackRock Inc. now owns 8,972,487 shares of the company’s stock worth $509,278,000 after purchasing an additional 120,406 shares during the last quarter. Vanguard Group Inc. lifted its stake in NorthWestern Energy Group by 0.3% in the third quarter. Vanguard Group Inc. now owns 6,592,679 shares of the company’s stock worth $316,844,000 after purchasing an additional 19,489 shares during the last quarter. Lazard Asset Management LLC raised its stake in shares of NorthWestern Energy Group by 49.9% during the first quarter. Lazard Asset Management LLC now owns 5,079,648 shares of the company’s stock valued at $307,267,000 after acquiring an additional 1,690,016 shares during the last quarter. American Century Companies Inc. raised its stake in shares of NorthWestern Energy Group by 5.9% during the third quarter. American Century Companies Inc. now owns 3,816,111 shares of the company’s stock valued at $183,402,000 after acquiring an additional 211,296 shares during the last quarter. Finally, State Street Corp raised its stake in shares of NorthWestern Energy Group by 1.9% during the third quarter. State Street Corp now owns 2,499,331 shares of the company’s stock valued at $123,167,000 after acquiring an additional 46,229 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Guggenheim raised shares of NorthWestern Energy Group from a “sell” rating to a “neutral” rating and set a $47.00 price objective for the company in a research note on Monday, January 22nd. Barclays upped their price objective on shares of NorthWestern Energy Group from $48.00 to $49.00 and gave the company an “underweight” rating in a research note on Monday, January 22nd. KeyCorp reaffirmed a “sector weight” rating on shares of NorthWestern Energy Group in a research note on Thursday, January 4th. JPMorgan Chase & Co. upped their price objective on shares of NorthWestern Energy Group from $53.00 to $54.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Finally, StockNews.com downgraded shares of NorthWestern Energy Group from a “hold” rating to a “sell” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, NorthWestern Energy Group has an average rating of “Hold” and an average price target of $53.25.

Check Out Our Latest Research Report on NWE

NorthWestern Energy Group Price Performance

Shares of NYSE NWE opened at $50.27 on Thursday. NorthWestern Energy Group, Inc. has a 1 year low of $45.97 and a 1 year high of $61.24. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.76 and a quick ratio of 0.55. The company’s 50-day moving average is $48.69 and its 200 day moving average is $49.48. The stock has a market capitalization of $3.08 billion, a P/E ratio of 15.61, a P/E/G ratio of 2.78 and a beta of 0.43.

NorthWestern Energy Group (NYSE:NWEGet Free Report) last announced its quarterly earnings results on Thursday, February 15th. The company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.19. NorthWestern Energy Group had a net margin of 13.64% and a return on equity of 7.23%. The company had revenue of $356.00 million for the quarter, compared to analysts’ expectations of $443.27 million. During the same quarter in the previous year, the company earned $1.13 earnings per share. On average, sell-side analysts expect that NorthWestern Energy Group, Inc. will post 3.53 earnings per share for the current year.

NorthWestern Energy Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 5.17%. The ex-dividend date was Thursday, March 14th. This is a boost from NorthWestern Energy Group’s previous quarterly dividend of $0.64. NorthWestern Energy Group’s dividend payout ratio is 80.75%.

NorthWestern Energy Group Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding NWE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NorthWestern Energy Group, Inc. (NYSE:NWEFree Report).

Institutional Ownership by Quarter for NorthWestern Energy Group (NYSE:NWE)

Receive News & Ratings for NorthWestern Energy Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NorthWestern Energy Group and related companies with MarketBeat.com's FREE daily email newsletter.