NorthWestern Energy Group, Inc. $NWE Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. reduced its stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 16.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 107,950 shares of the company’s stock after selling 22,013 shares during the period. Advisors Asset Management Inc. owned approximately 0.18% of NorthWestern Energy Group worth $5,538,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in NorthWestern Energy Group during the first quarter worth about $1,822,000. Mackenzie Financial Corp lifted its position in shares of NorthWestern Energy Group by 122.4% during the 1st quarter. Mackenzie Financial Corp now owns 22,785 shares of the company’s stock valued at $1,319,000 after acquiring an additional 12,538 shares during the period. Picton Mahoney Asset Management purchased a new stake in shares of NorthWestern Energy Group during the 1st quarter worth approximately $1,170,000. Federated Hermes Inc. grew its holdings in shares of 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 acquiring an additional 318 shares during the period. Finally, XTX Topco Ltd purchased a new position in NorthWestern Energy Group in the 1st quarter valued at approximately $951,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on NWE. Barclays boosted their target price on NorthWestern Energy Group from $56.00 to $61.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 21st. Wells Fargo & Company began coverage on shares of NorthWestern Energy Group in a research report on Monday, October 27th. They issued an “equal weight” rating and a $58.00 price objective on the stock. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $58.75.

NorthWestern Energy Group Trading Up 1.2%

Shares of NorthWestern Energy Group stock opened at $68.29 on Thursday. NorthWestern Energy Group, Inc. has a fifty-two week low of $50.43 and a fifty-two week high of $68.48. The business’s fifty day moving average is $61.08 and its two-hundred day moving average is $56.66. The company has a quick ratio of 0.37, a current ratio of 0.52 and a debt-to-equity ratio of 0.94. The firm has a market cap of $4.19 billion, a PE ratio of 18.71, 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%.During the same period last year, the company earned $0.65 earnings per share. NorthWestern Energy Group’s revenue was up 12.1% on a year-over-year basis. Analysts anticipate that NorthWestern Energy Group, Inc. will post 3.63 earnings per share for the current year.

NorthWestern Energy Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders 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 dividend yield of 3.9%. The ex-dividend date is Monday, December 15th. NorthWestern Energy Group’s dividend payout ratio is presently 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.