Allspring Global Investments Holdings LLC Lowers Holdings in NorthWestern Energy Group, Inc. $NWE

Allspring Global Investments Holdings LLC lowered its stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 5.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,042 shares of the company’s stock after selling 406 shares during the period. Allspring Global Investments Holdings LLC’s holdings in NorthWestern Energy Group were worth $361,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of NWE. GAMMA Investing LLC lifted its holdings in NorthWestern Energy Group by 27.7% during the first quarter. GAMMA Investing LLC now owns 2,297 shares of the company’s stock worth $133,000 after buying an additional 498 shares during the period. State of Alaska Department of Revenue lifted its holdings in NorthWestern Energy Group by 2.6% during the first quarter. State of Alaska Department of Revenue now owns 7,179 shares of the company’s stock worth $415,000 after buying an additional 185 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in NorthWestern Energy Group by 32.8% during the first quarter. Oppenheimer Asset Management Inc. now owns 10,463 shares of the company’s stock worth $605,000 after buying an additional 2,583 shares during the period. KBC Group NV lifted its holdings in shares of NorthWestern Energy Group by 30.6% during the 1st quarter. KBC Group NV now owns 3,266 shares of the company’s stock valued at $189,000 after purchasing an additional 765 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its holdings in shares of NorthWestern Energy Group by 0.4% during the 1st quarter. New York State Teachers Retirement System now owns 75,478 shares of the company’s stock valued at $4,368,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

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

NorthWestern Energy Group Trading Up 1.0%

NWE opened at $62.32 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.52 and a quick ratio of 0.37. The company’s 50 day simple moving average is $57.90 and its two-hundred day simple moving average is $55.65. NorthWestern Energy Group, Inc. has a 1-year low of $50.43 and a 1-year high of $62.43. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of 17.07, a price-to-earnings-growth ratio of 2.40 and a beta of 0.39.

NorthWestern Energy Group (NYSE:NWE) last released its earnings results on Thursday, July 31st. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. NorthWestern Energy Group had a net margin of 14.81% and a return on equity of 7.40%. NorthWestern Energy Group’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the business posted $0.53 EPS. NorthWestern Energy Group has set its FY 2025 guidance at 3.530-3.650 EPS. Analysts expect that NorthWestern Energy Group, Inc. will post 3.63 EPS for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, September 15th. NorthWestern Energy Group’s payout ratio is presently 71.93%.

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.