Sequoia Financial Advisors LLC Buys 10,794 Shares of NorthWestern Energy Group, Inc. $NWE

Sequoia Financial Advisors LLC boosted its position in NorthWestern Energy Group, Inc. (NYSE:NWE) by 159.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,551 shares of the company’s stock after purchasing an additional 10,794 shares during the period. Sequoia Financial Advisors LLC’s holdings in NorthWestern Energy Group were worth $1,029,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in NorthWestern Energy Group during the second quarter valued at about $39,428,000. Bank of America Corp DE raised its position in NorthWestern Energy Group by 65.6% during the second quarter. Bank of America Corp DE now owns 1,222,376 shares of the company’s stock valued at $62,708,000 after purchasing an additional 484,266 shares during the period. Qube Research & Technologies Ltd lifted its stake in NorthWestern Energy Group by 113.5% in the second quarter. Qube Research & Technologies Ltd now owns 429,484 shares of the company’s stock worth $22,033,000 after purchasing an additional 228,350 shares during the last quarter. Westwood Holdings Group Inc. increased its stake in NorthWestern Energy Group by 11.7% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,118,650 shares of the company’s stock worth $57,387,000 after buying an additional 117,449 shares during the period. Finally, Cubist Systematic Strategies LLC increased its stake in shares of NorthWestern Energy Group by 512.4% during the second quarter. Cubist Systematic Strategies LLC now owns 136,715 shares of the company’s stock valued at $7,013,000 after buying an additional 114,391 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on NWE shares. Barclays lifted their price target on shares of NorthWestern Energy Group from $61.00 to $62.00 and gave the stock an “overweight” rating in a report on Thursday. Wells Fargo & Company cut shares of NorthWestern Energy Group from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $58.00 to $53.00 in a research report on Tuesday. Finally, JPMorgan Chase & Co. raised their target price on NorthWestern Energy Group from $60.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, NorthWestern Energy Group has a consensus rating of “Hold” and an average price target of $58.40.

NorthWestern Energy Group Trading Down 1.8%

NYSE NWE opened at $66.49 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.37 and a current ratio of 0.52. NorthWestern Energy Group, Inc. has a one year low of $50.46 and a one year high of $69.23. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 2.40 and a beta of 0.35. The firm has a 50 day simple moving average of $66.21 and a 200-day simple moving average of $60.42.

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

NorthWestern Energy Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were issued a $0.66 dividend. The ex-dividend date was Monday, December 15th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.0%. NorthWestern Energy Group’s dividend payout ratio is presently 74.79%.

NorthWestern Energy Group Profile

NorthWestern Energy Group (NYSE: NWE) is a regulated energy utility company based in Sioux Falls, South Dakota. The company delivers electricity and natural gas to residential, commercial and industrial customers across a service territory that spans Montana, South Dakota and Nebraska. Through its wholly owned subsidiary, NorthWestern Corporation, it operates a diversified portfolio of generation assets, including thermal, hydroelectric and renewable facilities, as well as an extensive network of transmission and distribution lines.

NorthWestern Energy’s primary business activities encompass the delivery, transmission and sale of electric and natural gas services.