NorthWestern Energy Group, Inc. (NYSE:NWE) Shares Sold by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC lessened its holdings in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 8.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 225,080 shares of the company’s stock after selling 19,800 shares during the quarter. Hotchkis & Wiley Capital Management LLC’s holdings in NorthWestern Energy Group were worth $12,879,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Cetera Investment Advisers boosted its position in NorthWestern Energy Group by 49.0% during the first quarter. Cetera Investment Advisers now owns 30,963 shares of the company’s stock worth $1,577,000 after acquiring an additional 10,185 shares during the last quarter. Cetera Advisors LLC acquired a new position in shares of NorthWestern Energy Group during the 1st quarter worth approximately $555,000. GAMMA Investing LLC grew its position in shares of NorthWestern Energy Group by 142.9% in the second quarter. GAMMA Investing LLC now owns 1,139 shares of the company’s stock valued at $57,000 after purchasing an additional 670 shares in the last quarter. CWM LLC increased its holdings in shares of NorthWestern Energy Group by 140.2% in the second quarter. CWM LLC now owns 992 shares of the company’s stock valued at $50,000 after purchasing an additional 579 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in NorthWestern Energy Group by 26.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 17,496 shares of the company’s stock worth $876,000 after buying an additional 3,691 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on NWE shares. Bank of America initiated coverage on NorthWestern Energy Group in a research note on Thursday, September 12th. They issued a “buy” rating and a $65.00 target price for the company. Mizuho raised their price objective on shares of NorthWestern Energy Group from $52.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. StockNews.com lowered shares of NorthWestern Energy Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Wells Fargo & Company raised their price target on shares of NorthWestern Energy Group from $58.00 to $61.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. increased their price objective on NorthWestern Energy Group from $56.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $57.00.

NorthWestern Energy Group Stock Down 0.1 %

NorthWestern Energy Group stock opened at $54.39 on Wednesday. The company has a market capitalization of $3.33 billion, a PE ratio of 14.66, a price-to-earnings-growth ratio of 2.62 and a beta of 0.48. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.30 and a current ratio of 0.45. NorthWestern Energy Group, Inc. has a fifty-two week low of $46.15 and a fifty-two week high of $57.49. The firm has a 50 day moving average price of $55.24 and a 200 day moving average price of $53.33.

NorthWestern Energy Group (NYSE:NWE) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.05). NorthWestern Energy Group had a net margin of 15.15% and a return on equity of 7.95%. The firm had revenue of $345.20 million during the quarter, compared to analyst estimates of $344.06 million. During the same period in the previous year, the firm posted $0.49 earnings per share. Research analysts expect that NorthWestern Energy Group, Inc. will post 3.39 earnings per share for the current year.

NorthWestern Energy Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 4.78%. The ex-dividend date of this dividend is Friday, December 13th. NorthWestern Energy Group’s payout ratio is 70.08%.

About NorthWestern Energy Group

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.