NorthWestern Energy Group, Inc. (NYSE:NWE) Stock Holdings Decreased by US Bancorp DE

US Bancorp DE lessened its stake in NorthWestern Energy Group, Inc. (NYSE:NWE) by 13.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,454 shares of the company’s stock after selling 2,055 shares during the quarter. US Bancorp DE’s holdings in NorthWestern Energy Group were worth $770,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of NWE. V Square Quantitative Management LLC bought a new stake in NorthWestern Energy Group during the third quarter valued at $26,000. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of NorthWestern Energy Group during the 1st quarter valued at about $28,000. EntryPoint Capital LLC acquired a new stake in NorthWestern Energy Group during the first quarter worth about $33,000. CWM LLC lifted its holdings 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 acquiring an additional 579 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in NorthWestern Energy Group by 142.9% in the second quarter. GAMMA Investing LLC now owns 1,139 shares of the company’s stock valued at $57,000 after acquiring an additional 670 shares during the period. Institutional investors own 96.07% of the company’s stock.

NorthWestern Energy Group Stock Performance

NWE stock opened at $54.22 on Friday. The company has a 50-day simple moving average of $55.31 and a 200 day simple moving average of $52.83. The company has a market capitalization of $3.32 billion, a P/E ratio of 14.61, a PEG 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, Inc. has a fifty-two week low of $46.15 and a fifty-two week high of $57.48.

NorthWestern Energy Group (NYSE:NWE) last issued its quarterly 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). The company had revenue of $345.20 million during the quarter, compared to analyst estimates of $344.06 million. NorthWestern Energy Group had a return on equity of 7.95% and a net margin of 15.15%. During the same period in the prior year, the company posted $0.49 earnings per share. Sell-side analysts predict that NorthWestern Energy Group, Inc. will post 3.38 earnings per share for the current fiscal year.

NorthWestern Energy Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. StockNews.com cut NorthWestern Energy Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Wells Fargo & Company raised their target price on NorthWestern Energy Group from $58.00 to $61.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Barclays upped their price target on shares of NorthWestern Energy Group from $50.00 to $53.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 6th. Mizuho increased their price objective on shares of NorthWestern Energy Group from $52.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. boosted their target price on shares of NorthWestern Energy Group from $56.00 to $60.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $57.00.

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.