NorthWestern Energy Group, Inc. (NYSE:NWE) Position Boosted by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. boosted its stake in NorthWestern Energy Group, Inc. (NYSE:NWE) by 41.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,407 shares of the company’s stock after buying an additional 1,890 shares during the period. Atria Wealth Solutions Inc.’s holdings in NorthWestern Energy Group were worth $326,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James & Associates lifted its position in NorthWestern Energy Group by 17.6% in the 3rd quarter. Raymond James & Associates now owns 116,489 shares of the company’s stock valued at $5,598,000 after purchasing an additional 17,456 shares during the last quarter. Verdence Capital Advisors LLC boosted its position in shares of NorthWestern Energy Group by 5.0% during the third quarter. Verdence Capital Advisors LLC now owns 5,250 shares of the company’s stock worth $252,000 after buying an additional 249 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in NorthWestern Energy Group by 30.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,779 shares of the company’s stock worth $951,000 after buying an additional 4,642 shares in the last quarter. IFM Investors Pty Ltd raised its stake in NorthWestern Energy Group by 8.5% during the 3rd quarter. IFM Investors Pty Ltd now owns 8,018 shares of the company’s stock valued at $385,000 after acquiring an additional 631 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in NorthWestern Energy Group by 3.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,220 shares of the company’s stock worth $1,693,000 after acquiring an additional 1,177 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Insider Activity

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

NorthWestern Energy Group Stock Performance

Shares of NWE stock opened at $51.26 on Wednesday. The stock’s fifty day simple moving average is $49.59 and its 200-day simple moving average is $49.63. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 15.87 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 predict 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 paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date is Friday, June 14th. NorthWestern Energy Group’s dividend payout ratio (DPR) is currently 80.50%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Guggenheim upgraded shares of NorthWestern Energy Group from a “sell” rating to a “neutral” rating and set a $47.00 price objective on the stock in a research note on Monday, January 22nd. JPMorgan Chase & Co. upped their price target on shares of NorthWestern Energy Group from $53.00 to $54.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. StockNews.com raised NorthWestern Energy Group from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Finally, Barclays raised 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 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 assigned a buy rating to the stock. According to MarketBeat.com, NorthWestern Energy Group has an average rating of “Hold” and an average price target of $51.71.

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.