Citigroup Inc. Buys 397,544 Shares of NorthWestern Energy Group, Inc. $NWE

Citigroup Inc. lifted its stake in NorthWestern Energy Group, Inc. (NYSE:NWE) by 1,211.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 430,361 shares of the company’s stock after acquiring an additional 397,544 shares during the period. Citigroup Inc. owned 0.70% of NorthWestern Energy Group worth $25,223,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in NorthWestern Energy Group during the 2nd quarter worth $39,428,000. Bank of America Corp DE grew its position in shares of NorthWestern Energy Group by 65.6% in 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 last quarter. Qube Research & Technologies Ltd increased its stake in shares of 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 period. New York Life Investment Management LLC acquired a new position in shares of NorthWestern Energy Group during the 3rd quarter worth about $7,565,000. Finally, Westwood Holdings Group Inc. boosted its stake in NorthWestern Energy Group by 11.7% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,118,650 shares of the company’s stock valued at $57,387,000 after purchasing an additional 117,449 shares during the period. Institutional investors own 96.07% of the company’s stock.

NorthWestern Energy Group Price Performance

Shares of NWE stock opened at $69.62 on Thursday. NorthWestern Energy Group, Inc. has a 52 week low of $50.46 and a 52 week high of $71.26. The stock has a market capitalization of $4.28 billion, a PE ratio of 19.07, a PEG ratio of 2.40 and a beta of 0.34. 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 stock’s fifty day moving average is $67.06 and its 200-day moving average is $62.96.

NorthWestern Energy Group (NYSE:NWE) last posted its quarterly earnings data on Thursday, February 12th. The company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.02). NorthWestern Energy Group had a return on equity of 7.40% and a net margin of 14.81%.The business’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.13 earnings per share. NorthWestern Energy Group has set its FY 2026 guidance at 3.680-3.830 EPS. Equities research analysts expect that NorthWestern Energy Group, Inc. will post 3.63 EPS for the current fiscal year.

NorthWestern Energy Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.8%. This is a boost from NorthWestern Energy Group’s previous quarterly dividend of $0.66. The ex-dividend date is Friday, March 13th. NorthWestern Energy Group’s dividend payout ratio (DPR) is 91.16%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NWE. Wells Fargo & Company cut their price target on NorthWestern Energy Group from $53.00 to $52.00 and set an “underweight” rating for the company in a report on Friday, February 13th. JPMorgan Chase & Co. upped their target price on shares of NorthWestern Energy Group from $60.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. BMO Capital Markets raised their price target on shares of NorthWestern Energy Group from $65.00 to $70.00 and gave the stock a “market perform” rating in a research report on Friday, February 13th. Finally, Barclays upped their price objective on shares of NorthWestern Energy Group from $61.00 to $62.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, NorthWestern Energy Group presently has a consensus rating of “Hold” and an average price target of $60.20.

About NorthWestern Energy Group

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.