NorthWestern Energy Group, Inc. (NYSE:NWE) Given Consensus Rating of “Hold” by Analysts

Shares of NorthWestern Energy Group, Inc. (NYSE:NWEGet Free Report) have received an average recommendation of “Hold” from the seven ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $51.86.

A number of brokerages have recently commented on NWE. JPMorgan Chase & Co. increased their price objective on NorthWestern Energy Group from $53.00 to $54.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. StockNews.com raised shares of NorthWestern Energy Group from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Finally, Mizuho upped their price target on shares of NorthWestern Energy Group from $51.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, May 16th.

Get Our Latest Report on NWE

Insider Buying and Selling

In other NorthWestern Energy Group news, VP John D. Hines sold 1,565 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was 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 owns 32,794 shares of the company’s stock, valued at approximately $1,677,413.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other NorthWestern Energy Group news, VP John D. Hines sold 1,565 shares of NorthWestern Energy Group stock in a transaction on Tuesday, May 7th. The shares were 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 $1,677,413.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Bobbi L. Schroeppel sold 1,350 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $50.75, for a total transaction of $68,512.50. Following the completion of the transaction, the vice president now owns 31,814 shares of the company’s stock, valued at approximately $1,614,560.50. 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 over the last three months. 0.57% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On NorthWestern Energy Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its stake in NorthWestern Energy Group by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 768,577 shares of the company’s stock valued at $39,113,000 after buying an additional 31,100 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in NorthWestern Energy Group in the fourth quarter valued at about $875,000. Oliver Luxxe Assets LLC bought a new position in shares of NorthWestern Energy Group in the fourth quarter valued at approximately $2,088,000. Federated Hermes Inc. grew its position in NorthWestern Energy Group by 451.5% during the 4th quarter. Federated Hermes Inc. now owns 46,371 shares of the company’s stock worth $2,360,000 after acquiring an additional 37,963 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board raised its position in NorthWestern Energy Group by 76.4% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 61,319 shares of the company’s stock valued at $3,121,000 after purchasing an additional 26,555 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

NorthWestern Energy Group Stock Performance

Shares of NWE stock opened at $48.68 on Wednesday. NorthWestern Energy Group has a fifty-two week low of $45.97 and a fifty-two week high of $58.38. The stock’s 50-day moving average is $50.68 and its two-hundred day moving average is $49.73. 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 firm has a market cap of $2.98 billion, a P/E ratio of 15.07 and a beta of 0.45.

NorthWestern Energy Group (NYSE:NWEGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.30). The firm had revenue of $475.30 million during the quarter, compared to analyst estimates of $471.60 million. NorthWestern Energy Group had a return on equity of 7.31% and a net margin of 13.62%. The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.05 EPS. Analysts predict that NorthWestern Energy Group will post 3.53 earnings per share for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 5.34%. The ex-dividend date was Friday, June 14th. NorthWestern Energy Group’s dividend payout ratio is currently 80.50%.

About NorthWestern Energy Group

(Get Free Report

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.

See Also

Analyst Recommendations for NorthWestern Energy Group (NYSE:NWE)

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