Renaissance Technologies LLC Makes New Investment in NorthWestern Energy Group, Inc. (NYSE:NWE)

Renaissance Technologies LLC bought a new position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 8,326 shares of the company’s stock, valued at approximately $445,000.

Other large investors have also bought and sold shares of the company. Invesco Ltd. lifted its holdings in NorthWestern Energy Group by 9.9% during the fourth quarter. Invesco Ltd. now owns 904,579 shares of the company’s stock worth $48,359,000 after acquiring an additional 81,852 shares in the last quarter. Cerity Partners LLC grew its position in shares of NorthWestern Energy Group by 36.0% in the 4th quarter. Cerity Partners LLC now owns 10,435 shares of the company’s stock valued at $564,000 after purchasing an additional 2,763 shares during the period. Federated Hermes Inc. raised its holdings in NorthWestern Energy Group by 3.8% during the 4th quarter. Federated Hermes Inc. now owns 78,026 shares of the company’s stock worth $4,171,000 after buying an additional 2,835 shares during the period. Envestnet Asset Management Inc. lifted its stake in NorthWestern Energy Group by 4.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 133,108 shares of the company’s stock valued at $7,116,000 after buying an additional 5,650 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. acquired a new position in shares of NorthWestern Energy Group in the fourth quarter valued at approximately $361,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NorthWestern Energy Group news, Director Britt E. Ide sold 702 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $54.32, for a total value of $38,132.64. Following the transaction, the director now directly owns 11,021 shares in the company, valued at $598,660.72. The trade was a 5.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.94% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Guggenheim raised shares of NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Barclays upped their price objective on NorthWestern Energy Group from $56.00 to $59.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 22nd. Wells Fargo & Company lifted their target price on NorthWestern Energy Group from $62.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, LADENBURG THALM/SH SH raised shares of NorthWestern Energy Group from a “neutral” rating to a “buy” rating and set a $57.50 price target for the company in a research note on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $60.25.

NorthWestern Energy Group Price Performance

NWE stock opened at $58.20 on Monday. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 15.95, a P/E/G ratio of 2.40 and a beta of 0.40. NorthWestern Energy Group, Inc. has a twelve month low of $48.52 and a twelve month high of $59.89. The business has a 50 day moving average price of $56.65 and a two-hundred day moving average price of $54.76. The company has a quick ratio of 0.37, a current ratio of 0.52 and a debt-to-equity ratio of 0.94.

NorthWestern Energy Group (NYSE:NWE) last issued its earnings results on Wednesday, April 30th. The company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.04. NorthWestern Energy Group had a net margin of 14.81% and a return on equity of 7.40%. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.09 EPS. Analysts anticipate that NorthWestern Energy Group, Inc. will post 3.63 EPS for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date is Friday, June 13th. NorthWestern Energy Group’s payout ratio is currently 68.75%.

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.