NorthWestern Energy Group, Inc. (NYSE:NWE) Shares Purchased by State Street Corp

State Street Corp boosted its stake in NorthWestern Energy Group, Inc. (NYSE:NWE) by 1.7% in the 3rd quarter, Holdings Channel reports. The firm owned 2,504,400 shares of the company’s stock after buying an additional 42,104 shares during the quarter. State Street Corp’s holdings in NorthWestern Energy Group were worth $143,302,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new stake in NorthWestern Energy Group in the 3rd quarter valued at $26,000. Quest Partners LLC acquired a new stake in NorthWestern Energy Group in the 3rd quarter valued at $45,000. CWM LLC increased its holdings in NorthWestern Energy Group by 140.2% in the 2nd quarter. CWM LLC now owns 992 shares of the company’s stock valued at $50,000 after purchasing an additional 579 shares in the last quarter. nVerses Capital LLC increased its holdings in NorthWestern Energy Group by 150.0% in the 3rd quarter. nVerses Capital LLC now owns 1,000 shares of the company’s stock valued at $57,000 after purchasing an additional 600 shares in the last quarter. Finally, KBC Group NV increased its holdings in NorthWestern Energy Group by 38.4% in the 3rd quarter. KBC Group NV now owns 1,676 shares of the company’s stock valued at $96,000 after purchasing an additional 465 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

NorthWestern Energy Group Stock Performance

Shares of NWE stock opened at $50.93 on Friday. 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 one year low of $46.15 and a one year high of $57.49. The company’s 50-day simple moving average is $54.70 and its 200-day simple moving average is $53.36. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 13.73, a PEG ratio of 2.51 and a beta of 0.48.

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

NorthWestern Energy Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.65 per share. The ex-dividend date is Friday, December 13th. This represents a $2.60 annualized dividend and a dividend yield of 5.11%. NorthWestern Energy Group’s payout ratio is 70.08%.

Insider Transactions at NorthWestern Energy Group

In other NorthWestern Energy Group news, Director Anthony Thomas Clark sold 7,400 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $51.95, for a total value of $384,430.00. Following the transaction, the director now owns 16,816 shares of the company’s stock, valued at $873,591.20. This trade represents a 30.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Britt E. Ide sold 700 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $53.57, for a total transaction of $37,499.00. Following the completion of the transaction, the director now directly owns 10,888 shares in the company, valued at $583,270.16. This represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.94% of the company’s stock.

Analyst Ratings Changes

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

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.