State of New Jersey Common Pension Fund D Lowers Stake in NorthWestern Energy Group, Inc. $NWE

State of New Jersey Common Pension Fund D lowered its stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 3.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,439 shares of the company’s stock after selling 1,174 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.06% of NorthWestern Energy Group worth $1,767,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in NWE. Louisiana State Employees Retirement System lifted its position in NorthWestern Energy Group by 1.2% in the 1st quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the company’s stock worth $995,000 after buying an additional 200 shares during the last quarter. State of Michigan Retirement System lifted its holdings in shares of NorthWestern Energy Group by 1.4% in the 1st quarter. State of Michigan Retirement System now owns 14,728 shares of the company’s stock worth $852,000 after acquiring an additional 200 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of NorthWestern Energy Group by 1.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 26,322 shares of the company’s stock valued at $1,523,000 after purchasing an additional 250 shares in the last quarter. New York State Teachers Retirement System grew 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. Finally, Federated Hermes Inc. raised its position in NorthWestern Energy Group by 0.4% in the 1st quarter. Federated Hermes Inc. now owns 78,344 shares of the company’s stock worth $4,534,000 after purchasing an additional 318 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analysts Set New Price Targets

NWE has been the topic of a number of recent research reports. Barclays raised their price objective on NorthWestern Energy Group from $56.00 to $61.00 and gave the company an “overweight” rating in a research note on Tuesday, October 21st. Wells Fargo & Company started coverage on NorthWestern Energy Group in a research report on Monday, October 27th. They set an “equal weight” rating and a $58.00 price target on the stock. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $58.75.

NorthWestern Energy Group Stock Down 0.5%

Shares of NYSE NWE opened at $59.67 on Monday. The firm has a fifty day simple moving average of $58.23 and a two-hundred day simple moving average of $55.78. NorthWestern Energy Group, Inc. has a 12 month low of $50.43 and a 12 month high of $62.43. 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 $3.66 billion, a PE ratio of 16.35, a price-to-earnings-growth ratio of 2.40 and a beta of 0.39.

NorthWestern Energy Group (NYSE:NWE) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.04. NorthWestern Energy Group had a net margin of 14.81% and a return on equity of 7.40%. During the same quarter in the previous year, the company earned $0.65 EPS. NorthWestern Energy Group’s quarterly revenue was up 12.1% compared to the same quarter last year. Equities analysts expect that NorthWestern Energy Group, Inc. will post 3.63 earnings per share for the current year.

NorthWestern Energy Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Monday, December 15th. NorthWestern Energy Group’s dividend payout ratio (DPR) is presently 74.79%.

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.