Oliver Luxxe Assets LLC Raises Holdings in NorthWestern Energy Group, Inc. (NYSE:NWE)

Oliver Luxxe Assets LLC increased its position in NorthWestern Energy Group, Inc. (NYSE:NWE) by 19.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 48,943 shares of the company’s stock after acquiring an additional 7,913 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in NorthWestern Energy Group were worth $2,493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. increased its position in shares of NorthWestern Energy Group by 10.6% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 6,716 shares of the company’s stock valued at $342,000 after purchasing an additional 644 shares during the last quarter. Vanguard Group Inc. increased its holdings in NorthWestern Energy Group by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 6,780,298 shares of the company’s stock valued at $345,049,000 after buying an additional 187,619 shares during the last quarter. Penn Capital Management Company LLC bought a new position in NorthWestern Energy Group in the fourth quarter worth approximately $507,000. Dean Capital Management boosted its stake in shares of NorthWestern Energy Group by 55.2% during the 4th quarter. Dean Capital Management now owns 10,794 shares of the company’s stock worth $549,000 after acquiring an additional 3,838 shares during the last quarter. Finally, TFO Wealth Partners LLC grew its position in shares of NorthWestern Energy Group by 31,407.7% during the 4th quarter. TFO Wealth Partners LLC now owns 4,096 shares of the company’s stock valued at $208,000 after acquiring an additional 4,083 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

NorthWestern Energy Group Price Performance

Shares of NWE stock traded down $0.68 during mid-day trading on Monday, hitting $49.40. The company had a trading volume of 84,206 shares, compared to its average volume of 341,606. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.89 and a quick ratio of 0.66. The stock’s 50 day moving average price is $50.82 and its 200-day moving average price is $49.82. NorthWestern Energy Group, Inc. has a 52-week low of $45.97 and a 52-week high of $58.38. The company has a market capitalization of $3.03 billion, a P/E ratio of 15.30 and a beta of 0.45.

NorthWestern Energy Group (NYSE:NWE) last announced its quarterly earnings results on Thursday, April 25th. The company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.30). The company had revenue of $475.30 million during the quarter, compared to analysts’ expectations of $471.60 million. NorthWestern Energy Group had a return on equity of 7.31% and a net margin of 13.62%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.05 EPS. Equities research analysts forecast that NorthWestern Energy Group, Inc. will post 3.53 earnings per share for the current year.

NorthWestern Energy Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 5.26%. The ex-dividend date was Friday, June 14th. NorthWestern Energy Group’s dividend payout ratio is presently 80.50%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on NWE shares. JPMorgan Chase & Co. lifted their target price on NorthWestern Energy Group from $53.00 to $54.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. StockNews.com raised NorthWestern Energy Group from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. Finally, Mizuho boosted their price objective on NorthWestern Energy Group from $51.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, May 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NorthWestern Energy Group presently has a consensus rating of “Hold” and an average price target of $51.86.

Insiders Place Their Bets

In related news, VP John D. Hines sold 1,565 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $51.15, for a total value of $80,049.75. Following the completion of the transaction, the vice president now directly owns 32,794 shares of the company’s stock, valued at $1,677,413.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, VP John D. Hines sold 1,565 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $51.15, for a total transaction of $80,049.75. Following the sale, the vice president now owns 32,794 shares in the company, valued at approximately $1,677,413.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Britt E. Ide sold 687 shares of NorthWestern Energy Group stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $51.30, for a total transaction of $35,243.10. Following the transaction, the director now directly owns 10,640 shares of the company’s stock, valued at $545,832. The disclosure for this sale can be found here. Insiders have sold a total of 3,602 shares of company stock valued at $183,805 in the last quarter. 0.57% of the stock is currently owned by insiders.

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.