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

State Street Corp lifted its stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 1.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,504,400 shares of the company’s stock after purchasing an additional 42,104 shares during the quarter. State Street Corp owned about 4.08% of NorthWestern Energy Group worth $143,302,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in shares of NorthWestern Energy Group during the 3rd quarter worth $26,000. Quest Partners LLC acquired a new position in shares of NorthWestern Energy Group during the 3rd quarter worth $45,000. CWM LLC grew its stake in shares of NorthWestern Energy Group by 140.2% during the 2nd quarter. CWM LLC now owns 992 shares of the company’s stock worth $50,000 after purchasing an additional 579 shares during the period. nVerses Capital LLC grew its stake in shares of NorthWestern Energy Group by 150.0% during the 3rd quarter. nVerses Capital LLC now owns 1,000 shares of the company’s stock worth $57,000 after purchasing an additional 600 shares during the period. Finally, KBC Group NV grew its stake 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 worth $96,000 after purchasing an additional 465 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NWE. Bank of America assumed coverage on shares of NorthWestern Energy Group in a research note on Thursday, September 12th. They set a “buy” rating and a $65.00 price target on the stock. Wells Fargo & Company increased their price objective on shares of NorthWestern Energy Group from $58.00 to $61.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. StockNews.com cut shares of NorthWestern Energy Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Mizuho increased their price objective on shares of 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. increased their price objective on shares of 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 research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $57.00.

NorthWestern Energy Group Price Performance

NorthWestern Energy Group stock opened at $50.93 on Friday. NorthWestern Energy Group, Inc. has a 12-month low of $46.15 and a 12-month high of $57.49. The stock has a market capitalization of $3.12 billion, a P/E ratio of 13.73, a P/E/G ratio of 2.51 and a beta of 0.48. The firm’s 50-day moving average is $54.70 and its two-hundred day moving average is $53.36. 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 (NYSE:NWE) last released its quarterly earnings results on Monday, October 28th. The company reported $0.65 earnings per share (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 firm had revenue of $345.20 million for the quarter, compared to analyst estimates of $344.06 million. During the same period in the prior year, the business earned $0.49 earnings per share. Equities analysts predict that NorthWestern Energy Group, Inc. will post 3.39 earnings per share for the current year.

NorthWestern Energy Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued 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 currently 70.08%.

Insider Transactions at NorthWestern Energy Group

In other news, Director Anthony Thomas Clark sold 7,400 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $51.95, for a total transaction of $384,430.00. Following the transaction, the director now directly owns 16,816 shares in the company, valued at $873,591.20. This represents a 30.56 % decrease in their position. 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 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 transaction, the director now owns 10,888 shares in the company, valued at approximately $583,270.16. The trade was a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.94% of the company’s stock.

NorthWestern Energy Group 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.