NorthWestern Energy Group, Inc. (NYSE:NWE) Shares Sold by Systematic Financial Management LP

Systematic Financial Management LP lessened its position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 0.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 957,169 shares of the company’s stock after selling 1,510 shares during the quarter. NorthWestern Energy Group makes up about 1.5% of Systematic Financial Management LP’s investment portfolio, making the stock its 5th largest position. Systematic Financial Management LP owned 1.56% of NorthWestern Energy Group worth $47,935,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Fidelis Capital Partners LLC bought a new stake in NorthWestern Energy Group in the 1st quarter valued at $28,000. Mitsubishi UFJ Trust & Banking Corp bought a new stake in NorthWestern Energy Group in the first quarter valued at about $28,000. EntryPoint Capital LLC bought a new stake in NorthWestern Energy Group in the first quarter valued at about $33,000. CWM LLC raised its position in NorthWestern Energy Group by 140.2% in the second quarter. CWM LLC now owns 992 shares of the company’s stock worth $50,000 after purchasing an additional 579 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in NorthWestern Energy Group by 142.9% during the second quarter. GAMMA Investing LLC now owns 1,139 shares of the company’s stock worth $57,000 after purchasing an additional 670 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Insider Activity at NorthWestern Energy Group

In other news, Director Britt E. Ide sold 688 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $51.92, for a total value of $35,720.96. Following the transaction, the director now owns 10,778 shares of the company’s stock, valued at approximately $559,593.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.94% of the stock is owned by company insiders.

NorthWestern Energy Group Stock Performance

NorthWestern Energy Group stock opened at $57.27 on Friday. The stock has a 50-day simple moving average of $54.12 and a 200 day simple moving average of $51.66. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of 17.73, a P/E/G ratio of 2.61 and a beta of 0.46. The company has a quick ratio of 0.36, a current ratio of 0.52 and a debt-to-equity ratio of 0.92. NorthWestern Energy Group, Inc. has a 12-month low of $45.97 and a 12-month high of $57.48.

NorthWestern Energy Group (NYSE:NWE) last announced its earnings results on Tuesday, July 30th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.05. The company had revenue of $319.90 million for the quarter, compared to analyst estimates of $310.40 million. NorthWestern Energy Group had a net margin of 14.21% and a return on equity of 7.65%. NorthWestern Energy Group’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.35 earnings per share. On average, research analysts anticipate that NorthWestern Energy Group, Inc. will post 3.56 earnings per share for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 4.54%. The ex-dividend date of this dividend is Friday, September 13th. NorthWestern Energy Group’s dividend payout ratio (DPR) is presently 80.50%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Bank of America initiated coverage on NorthWestern Energy Group in a research note on Thursday, September 12th. They issued a “buy” rating and a $65.00 price objective on the stock. Barclays increased their price objective on NorthWestern Energy Group from $50.00 to $53.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 6th. StockNews.com upgraded shares of NorthWestern Energy Group from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Wells Fargo & Company increased their target price on shares of NorthWestern Energy Group from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $54.88.

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.