American Century Companies Inc. Sells 7,530 Shares of NorthWestern Energy Group, Inc. $NWE

American Century Companies Inc. reduced its position in NorthWestern Energy Group, Inc. (NYSE:NWE) by 0.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,952,214 shares of the company’s stock after selling 7,530 shares during the quarter. American Century Companies Inc. owned approximately 4.81% of NorthWestern Energy Group worth $151,449,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Sequoia Financial Advisors LLC bought a new stake in NorthWestern Energy Group in the second quarter valued at about $347,000. EntryPoint Capital LLC bought a new position in NorthWestern Energy Group during the first quarter worth about $356,000. Wealth Enhancement Advisory Services LLC acquired a new stake in NorthWestern Energy Group during the second quarter valued at approximately $321,000. Ieq Capital LLC grew its stake in shares of NorthWestern Energy Group by 298.7% in the 1st quarter. Ieq Capital LLC now owns 15,542 shares of the company’s stock valued at $899,000 after purchasing an additional 11,644 shares during the period. Finally, Entropy Technologies LP bought a new position in shares of NorthWestern Energy Group during the 1st quarter worth approximately $278,000. Institutional investors own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

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

NorthWestern Energy Group Stock Up 1.6%

NYSE:NWE opened at $66.77 on Tuesday. The stock’s fifty day moving average price is $60.60 and its two-hundred day moving average price is $56.50. NorthWestern Energy Group, Inc. has a 52-week low of $50.43 and a 52-week high of $67.46. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.37 and a current ratio of 0.52. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 18.29, a P/E/G ratio of 2.40 and a beta of 0.42.

NorthWestern Energy Group (NYSE:NWE) last released its earnings results 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%.NorthWestern Energy Group’s revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.65 earnings per share. On average, analysts anticipate that NorthWestern Energy Group, Inc. will post 3.63 EPS for the current year.

NorthWestern Energy Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Monday, December 15th. NorthWestern Energy Group’s payout ratio is currently 74.79%.

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.