State of Alaska Department of Revenue Has $413,000 Stock Holdings in NorthWestern Energy Group, Inc. (NYSE:NWE)

State of Alaska Department of Revenue grew its position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 7.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,234 shares of the company’s stock after acquiring an additional 480 shares during the quarter. State of Alaska Department of Revenue’s holdings in NorthWestern Energy Group were worth $413,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in NWE. V Square Quantitative Management LLC bought a new stake in NorthWestern Energy Group during the third quarter worth about $26,000. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of NorthWestern Energy Group during the 1st quarter worth approximately $28,000. EntryPoint Capital LLC acquired a new stake in shares of NorthWestern Energy Group in the 1st quarter valued at approximately $33,000. CWM LLC grew its stake in shares of NorthWestern Energy Group by 140.2% in the second quarter. CWM LLC now owns 992 shares of the company’s stock valued at $50,000 after buying an additional 579 shares in the last quarter. Finally, nVerses Capital LLC increased its holdings in NorthWestern Energy Group by 150.0% during the third quarter. nVerses Capital LLC now owns 1,000 shares of the company’s stock worth $57,000 after buying an additional 600 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

NorthWestern Energy Group Stock Performance

NYSE NWE opened at $54.22 on Friday. The firm has a 50-day moving average price of $55.31 and a two-hundred day moving average price of $52.81. NorthWestern Energy Group, Inc. has a 12-month low of $46.15 and a 12-month high of $57.48. The company has a market capitalization of $3.32 billion, a P/E ratio of 14.96, a P/E/G ratio of 2.63 and a beta of 0.47. The company has a quick ratio of 0.30, a current ratio of 0.45 and a debt-to-equity ratio of 0.91.

NorthWestern Energy Group (NYSE:NWE) last released its earnings results on Monday, October 28th. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.05). NorthWestern Energy Group had a net margin of 15.15% and a return on equity of 7.95%. The company had revenue of $345.20 million for the quarter, compared to the consensus estimate of $344.06 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. Analysts anticipate that NorthWestern Energy Group, Inc. will post 3.38 earnings per share for the current year.

NorthWestern Energy Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.65 per share. The ex-dividend date is Friday, December 13th. This represents a $2.60 annualized dividend and a dividend yield of 4.80%. NorthWestern Energy Group’s dividend payout ratio is 70.08%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Wells Fargo & Company increased their price target on shares of NorthWestern Energy Group from $58.00 to $61.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Mizuho raised their target price on shares of NorthWestern Energy Group from $52.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Barclays boosted their price target on NorthWestern Energy Group from $50.00 to $53.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 6th. StockNews.com cut NorthWestern Energy Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Bank of America initiated coverage on NorthWestern Energy Group in a report on Thursday, September 12th. They set a “buy” rating and a $65.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $57.00.

NorthWestern Energy Group Company 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.