Teacher Retirement System of Texas Boosts Stock Holdings in NorthWestern Energy Group, Inc. $NWE

Teacher Retirement System of Texas boosted its stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 4.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,585 shares of the company’s stock after purchasing an additional 1,532 shares during the period. Teacher Retirement System of Texas owned approximately 0.05% of NorthWestern Energy Group worth $1,672,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of NWE. USA Financial Formulas purchased a new position in NorthWestern Energy Group during the second quarter worth approximately $53,000. Costello Asset Management INC raised its stake in NorthWestern Energy Group by 334.3% during the second quarter. Costello Asset Management INC now owns 1,290 shares of the company’s stock worth $66,000 after purchasing an additional 993 shares during the period. Ransom Advisory Ltd raised its stake in NorthWestern Energy Group by 800.0% during the second quarter. Ransom Advisory Ltd now owns 1,800 shares of the company’s stock worth $92,000 after purchasing an additional 1,600 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new position in NorthWestern Energy Group during the first quarter worth approximately $116,000. Finally, Kestra Investment Management LLC purchased a new position in NorthWestern Energy Group during the first quarter worth approximately $129,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

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

NorthWestern Energy Group Trading Up 1.3%

NYSE:NWE opened at $60.85 on Wednesday. The business’s 50-day moving average is $58.33 and its two-hundred day moving average is $55.80. 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, Inc. has a 12 month low of $50.43 and a 12 month high of $62.43. The firm has a market capitalization of $3.74 billion, a PE ratio of 16.67, a price-to-earnings-growth ratio of 2.40 and a beta of 0.39.

NorthWestern Energy Group (NYSE:NWE) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.75 by $0.04. NorthWestern Energy Group had a return on equity of 7.40% and a net margin of 14.81%.During the same period last year, the firm earned $0.65 EPS. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. Research analysts predict that NorthWestern Energy Group, Inc. will post 3.63 earnings per share for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend 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.