NorthWestern Energy Group (NYSE:NWE) Price Target Raised to $61.00

NorthWestern Energy Group (NYSE:NWE) had its price target boosted by JPMorgan Chase & Co. from $60.00 to $61.00 in a report published on Friday,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities analysts have also issued reports on the stock. Wells Fargo & Company initiated coverage on shares of NorthWestern Energy Group in a report on Monday, October 27th. They set an “equal weight” rating and a $58.00 target price for the company. Barclays lifted 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. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $59.20.

NorthWestern Energy Group Price Performance

NWE opened at $67.84 on Friday. 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 company has a market cap of $4.17 billion, a price-to-earnings ratio of 18.59, a price-to-earnings-growth ratio of 2.40 and a beta of 0.35. The stock has a fifty day simple moving average of $63.44 and a two-hundred day simple moving average of $57.66. NorthWestern Energy Group has a 12-month low of $50.43 and a 12-month high of $69.23.

NorthWestern Energy Group (NYSE:NWE) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, topping 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 period last year, the business posted $0.65 earnings per share. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. Research analysts predict that NorthWestern Energy Group will post 3.63 earnings per share for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Monday, December 15th. NorthWestern Energy Group’s dividend payout ratio is currently 74.79%.

Hedge Funds Weigh In On NorthWestern Energy Group

Large investors have recently added to or reduced their stakes in the company. Allworth Financial LP increased its stake in shares of NorthWestern Energy Group by 263.3% in the third quarter. Allworth Financial LP now owns 436 shares of the company’s stock worth $26,000 after purchasing an additional 316 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in NorthWestern Energy Group by 3,221.4% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 465 shares of the company’s stock worth $27,000 after buying an additional 451 shares during the period. Clearstead Advisors LLC increased its stake in NorthWestern Energy Group by 1,220.0% in the 3rd quarter. Clearstead Advisors LLC now owns 528 shares of the company’s stock worth $31,000 after buying an additional 488 shares in the last quarter. PenderFund Capital Management Ltd. bought a new stake in NorthWestern Energy Group during the third quarter valued at about $37,000. Finally, Hantz Financial Services Inc. lifted its position in shares of NorthWestern Energy Group by 299.5% in the third quarter. Hantz Financial Services Inc. now owns 803 shares of the company’s stock valued at $47,000 after acquiring an additional 602 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

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.