Wealth Enhancement Advisory Services LLC Invests $203,000 in NorthWestern Energy Group, Inc. (NYSE:NWE)

Wealth Enhancement Advisory Services LLC acquired a new position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,794 shares of the company’s stock, valued at approximately $203,000.

Several other institutional investors and hedge funds also recently made changes to their positions in NWE. Steward Partners Investment Advisory LLC boosted its position in shares of NorthWestern Energy Group by 91.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 971 shares of the company’s stock valued at $52,000 after acquiring an additional 465 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of NorthWestern Energy Group by 280.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,203 shares of the company’s stock valued at $64,000 after acquiring an additional 887 shares in the last quarter. Asset Management One Co. Ltd. acquired a new stake in shares of NorthWestern Energy Group during the 4th quarter valued at about $73,000. Venturi Wealth Management LLC acquired a new stake in shares of NorthWestern Energy Group during the 4th quarter valued at about $92,000. Finally, Quantbot Technologies LP acquired a new stake in shares of NorthWestern Energy Group during the 4th quarter valued at about $115,000. Institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on NWE. Wells Fargo & Company lifted their target price on shares of NorthWestern Energy Group from $62.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Barclays lifted their target price on shares of NorthWestern Energy Group from $56.00 to $59.00 and gave the company an “overweight” rating in a research report on Tuesday, April 22nd. BMO Capital Markets started coverage on shares of NorthWestern Energy Group in a research report on Tuesday, May 13th. They set a “market perform” rating and a $60.00 target price on the stock. Finally, LADENBURG THALM/SH SH reiterated a “neutral” rating and set a $56.00 target price (down from $57.50) on shares of NorthWestern Energy Group in a research report on Monday, June 2nd. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, NorthWestern Energy Group presently has a consensus rating of “Hold” and an average price target of $60.00.

NorthWestern Energy Group Trading Down 0.5%

Shares of NYSE NWE opened at $50.87 on Wednesday. The company’s 50 day simple moving average is $55.79 and its 200 day simple moving average is $54.71. NorthWestern Energy Group, Inc. has a fifty-two week low of $48.52 and a fifty-two week high of $59.89. The firm has a market capitalization of $3.12 billion, a P/E ratio of 13.94, a P/E/G ratio of 2.40 and a beta of 0.37. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.52 and a quick ratio of 0.37.

NorthWestern Energy Group (NYSE:NWE) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.04. NorthWestern Energy Group had a net margin of 14.81% and a return on equity of 7.40%. During the same period last year, the company earned $1.09 EPS. NorthWestern Energy Group’s revenue for the quarter was down 1.8% on a year-over-year basis. On average, analysts predict that NorthWestern Energy Group, Inc. will post 3.63 EPS for the current year.

NorthWestern Energy Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.66 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.64 annualized dividend and a yield of 5.19%. NorthWestern Energy Group’s dividend payout ratio is currently 68.75%.

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.