NorthWestern Energy Group, Inc. (NYSE:NWE) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its position in NorthWestern Energy Group, Inc. (NYSE:NWE) by 41.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 518,812 shares of the company’s stock after selling 372,287 shares during the quarter. JPMorgan Chase & Co. owned about 0.85% of NorthWestern Energy Group worth $29,686,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of NWE. Commonwealth Equity Services LLC lifted its holdings in NorthWestern Energy Group by 18.7% during the second quarter. Commonwealth Equity Services LLC now owns 39,180 shares of the company’s stock valued at $1,962,000 after purchasing an additional 6,179 shares in the last quarter. Rhumbline Advisers raised its position in shares of NorthWestern Energy Group by 0.4% during the 2nd quarter. Rhumbline Advisers now owns 221,150 shares of the company’s stock worth $11,075,000 after purchasing an additional 952 shares during the last quarter. Arizona State Retirement System lifted its stake in NorthWestern Energy Group by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 17,154 shares of the company’s stock valued at $859,000 after buying an additional 323 shares in the last quarter. Savant Capital LLC acquired a new stake in NorthWestern Energy Group in the 2nd quarter worth about $456,000. Finally, American Century Companies Inc. increased its stake in NorthWestern Energy Group by 0.5% during the 2nd quarter. American Century Companies Inc. now owns 3,968,413 shares of the company’s stock worth $198,738,000 after buying an additional 19,748 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

NorthWestern Energy Group Stock Up 0.5 %

Shares of NYSE:NWE opened at $51.94 on Wednesday. NorthWestern Energy Group, Inc. has a fifty-two week low of $46.15 and a fifty-two week high of $57.49. The firm’s 50 day moving average price is $53.73 and its 200 day moving average price is $53.64. The company has a quick ratio of 0.30, a current ratio of 0.45 and a debt-to-equity ratio of 0.91. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 14.00, a price-to-earnings-growth ratio of 2.45 and a beta of 0.48.

NorthWestern Energy Group (NYSE:NWE) last issued its earnings results on Monday, October 28th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.05). NorthWestern Energy Group had a return on equity of 7.95% and a net margin of 15.15%. The business had revenue of $345.20 million for the quarter, compared to analyst estimates of $344.06 million. During the same period last year, the business posted $0.49 EPS. As a group, equities research analysts predict that NorthWestern Energy Group, Inc. will post 3.39 earnings per share for the current fiscal year.

NorthWestern Energy Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.65 dividend. The ex-dividend date was Friday, December 13th. This represents a $2.60 dividend on an annualized basis and a yield of 5.01%. NorthWestern Energy Group’s dividend payout ratio (DPR) is presently 70.08%.

Wall Street Analyst Weigh In

NWE has been the subject of several research reports. Bank of America assumed coverage on NorthWestern Energy Group in a research report on Thursday, September 12th. They set a “buy” rating and a $65.00 price target for the company. Mizuho increased 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 report on Wednesday, October 9th. Barclays upgraded shares of NorthWestern Energy Group from an “underweight” rating to an “overweight” rating and boosted their price target for the stock from $53.00 to $56.00 in a research report on Thursday, December 19th. StockNews.com downgraded shares of NorthWestern Energy Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. boosted their target price on NorthWestern Energy Group from $56.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $57.50.

Insider Activity

In related news, Director Britt E. Ide sold 700 shares of NorthWestern Energy Group stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $53.57, for a total transaction of $37,499.00. Following the completion of the sale, the director now owns 10,888 shares in the company, valued at approximately $583,270.16. This trade represents a 6.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Anthony Thomas Clark sold 7,400 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $51.95, for a total transaction of $384,430.00. Following the sale, the director now owns 16,816 shares in the company, valued at approximately $873,591.20. This trade represents a 30.56 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.94% of the company’s stock.

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.