Sequoia Financial Advisors LLC Makes New $347,000 Investment in NorthWestern Energy Group, Inc. $NWE

Sequoia Financial Advisors LLC bought a new stake in NorthWestern Energy Group, Inc. (NYSE:NWE) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,757 shares of the company’s stock, valued at approximately $347,000.

Other hedge funds also recently modified their holdings of the company. Nuveen LLC acquired a new position in shares of NorthWestern Energy Group in the 1st quarter valued at approximately $53,538,000. Jane Street Group LLC raised its holdings in NorthWestern Energy Group by 1,549.9% during the 1st quarter. Jane Street Group LLC now owns 243,070 shares of the company’s stock worth $14,066,000 after buying an additional 228,338 shares during the period. Jupiter Asset Management Ltd. bought a new position in NorthWestern Energy Group in the first quarter valued at approximately $9,899,000. AQR Capital Management LLC boosted its holdings in shares of NorthWestern Energy Group by 38.9% in the first quarter. AQR Capital Management LLC now owns 583,063 shares of the company’s stock valued at $33,482,000 after buying an additional 163,147 shares during the period. Finally, Westwood Holdings Group Inc. increased its position in shares of NorthWestern Energy Group by 13.2% during the first quarter. Westwood Holdings Group Inc. now owns 1,001,201 shares of the company’s stock worth $57,940,000 after acquiring an additional 117,087 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Barclays boosted their price objective on shares of NorthWestern Energy Group from $56.00 to $61.00 and gave the company an “overweight” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $60.25.

NorthWestern Energy Group Stock Up 0.4%

Shares of NWE stock opened at $61.15 on Wednesday. The firm’s fifty day moving average price is $57.53 and its two-hundred day moving average price is $55.50. The company has a current ratio of 0.52, a quick ratio of 0.37 and a debt-to-equity ratio of 0.94. NorthWestern Energy Group, Inc. has a 1 year low of $50.43 and a 1 year high of $61.45. The firm has a market capitalization of $3.75 billion, a P/E ratio of 16.75, a PEG ratio of 2.40 and a beta of 0.39.

NorthWestern Energy Group (NYSE:NWE) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.02. NorthWestern Energy Group had a return on equity of 7.40% and a net margin of 14.81%.NorthWestern Energy Group’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.53 earnings per share. NorthWestern Energy Group has set its FY 2025 guidance at 3.530-3.650 EPS. On average, equities analysts predict that NorthWestern Energy Group, Inc. will post 3.63 EPS for the current fiscal year.

NorthWestern Energy Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, September 15th. NorthWestern Energy Group’s dividend payout ratio is presently 71.93%.

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.