Yousif Capital Management LLC Sells 579 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

Yousif Capital Management LLC reduced its position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 2.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,891 shares of the company’s stock after selling 579 shares during the quarter. Yousif Capital Management LLC’s holdings in NorthWestern Energy Group were worth $1,209,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. State of Wyoming increased its stake in NorthWestern Energy Group by 6.1% during the 4th quarter. State of Wyoming now owns 4,138 shares of the company’s stock valued at $221,000 after purchasing an additional 238 shares in the last quarter. Xponance Inc. increased its stake in NorthWestern Energy Group by 5.1% during the 4th quarter. Xponance Inc. now owns 8,729 shares of the company’s stock valued at $467,000 after purchasing an additional 421 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in NorthWestern Energy Group by 9.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 4,754 shares of the company’s stock valued at $249,000 after purchasing an additional 422 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in 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 purchasing an additional 465 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in NorthWestern Energy Group by 155.3% during the 1st quarter. Farther Finance Advisors LLC now owns 845 shares of the company’s stock valued at $49,000 after purchasing an additional 514 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

NorthWestern Energy Group Stock Performance

Shares of NYSE NWE opened at $50.87 on Wednesday. The firm has a 50 day moving average of $55.79 and a 200 day moving average of $54.71. The company has a current ratio of 0.52, a quick ratio of 0.37 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 13.94, a price-to-earnings-growth ratio of 2.40 and a beta of 0.37. NorthWestern Energy Group, Inc. has a 12-month low of $48.52 and a 12-month high of $59.89.

NorthWestern Energy Group (NYSE:NWE) last announced its earnings results on Wednesday, April 30th. The company reported $1.22 earnings per share (EPS) 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%. NorthWestern Energy Group’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the business earned $1.09 earnings per share. On average, research analysts anticipate that NorthWestern Energy Group, Inc. will post 3.63 earnings per share for the current year.

NorthWestern Energy Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.66 per share. 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 (DPR) is 68.75%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on NWE shares. Barclays raised their price objective on shares of NorthWestern Energy Group from $56.00 to $59.00 and gave the company an “overweight” rating in a research note on Tuesday, April 22nd. Wells Fargo & Company boosted their price objective on shares of NorthWestern Energy Group from $62.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. LADENBURG THALM/SH SH reissued a “neutral” rating and set a $56.00 price objective (down from $57.50) on shares of NorthWestern Energy Group in a report on Monday, June 2nd. Finally, BMO Capital Markets began coverage on shares of NorthWestern Energy Group in a report on Tuesday, May 13th. They set a “market perform” rating and a $60.00 price objective for the company. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, NorthWestern Energy Group currently has an average rating of “Hold” and an average price target of $60.00.

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.