NorthWestern Energy Group, Inc. (NYSE:NWE) Director Sells $384,430.00 in Stock

NorthWestern Energy Group, Inc. (NYSE:NWE) Director Anthony Thomas Clark sold 7,400 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $51.95, for a total transaction of $384,430.00. Following the completion of the transaction, the director now directly owns 16,816 shares in the company, valued at approximately $873,591.20. The trade was a 30.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

NorthWestern Energy Group Trading Down 1.3 %

Shares of NWE opened at $50.93 on Monday. The firm has a market cap of $3.12 billion, a P/E ratio of 13.73, a price-to-earnings-growth ratio of 2.51 and a beta of 0.48. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.45 and a quick ratio of 0.30. NorthWestern Energy Group, Inc. has a 1 year low of $46.15 and a 1 year high of $57.49. The company has a 50 day simple moving average of $54.60 and a two-hundred day simple moving average of $53.38.

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

NorthWestern Energy Group Announces Dividend

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

Hedge Funds Weigh In On NorthWestern Energy Group

Several institutional investors have recently added to or reduced their stakes in the company. Arizona State Retirement System raised its position in shares of NorthWestern Energy Group by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 17,154 shares of the company’s stock valued at $859,000 after buying an additional 323 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in NorthWestern Energy Group by 4.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 7,903 shares of the company’s stock valued at $452,000 after purchasing an additional 359 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. lifted its stake in shares of NorthWestern Energy Group by 0.6% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 62,205 shares of the company’s stock valued at $3,559,000 after purchasing an additional 375 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of NorthWestern Energy Group in the 3rd quarter worth approximately $26,000. Finally, KBC Group NV increased its position in shares of NorthWestern Energy Group by 38.4% during 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 during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.