Westwood Holdings Group Inc. Buys 117,449 Shares of NorthWestern Energy Group, Inc. $NWE

Westwood Holdings Group Inc. lifted its stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 11.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,118,650 shares of the company’s stock after acquiring an additional 117,449 shares during the quarter. Westwood Holdings Group Inc. owned approximately 1.82% of NorthWestern Energy Group worth $57,387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in NWE. Nuveen LLC acquired a new stake in NorthWestern Energy Group during the 1st quarter valued at approximately $53,538,000. Jane Street Group LLC raised its stake in NorthWestern Energy Group by 1,549.9% during the first quarter. Jane Street Group LLC now owns 243,070 shares of the company’s stock worth $14,066,000 after buying an additional 228,338 shares during the last quarter. Jupiter Asset Management Ltd. bought a new stake in NorthWestern Energy Group during the first quarter valued at $9,899,000. AQR Capital Management LLC grew its holdings in NorthWestern Energy Group by 38.9% during the 1st quarter. AQR Capital Management LLC now owns 583,063 shares of the company’s stock worth $33,482,000 after acquiring an additional 163,147 shares during the period. Finally, Millennium Management LLC bought a new position in shares of NorthWestern Energy Group in the 1st quarter worth about $5,708,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Barclays upped their target price on NorthWestern Energy Group from $56.00 to $61.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. Wells Fargo & Company began coverage on NorthWestern Energy Group in a report on Monday, October 27th. They set an “equal weight” rating and a $58.00 price target on the stock. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $58.75.

NorthWestern Energy Group Trading Down 0.2%

NYSE NWE opened at $65.11 on Friday. NorthWestern Energy Group, Inc. has a 52 week low of $50.43 and a 52 week high of $67.46. The business has a 50 day moving average price of $59.52 and a 200-day moving average price of $56.20. The company has a quick ratio of 0.37, a current ratio of 0.52 and a debt-to-equity ratio of 0.94. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 17.84, a P/E/G ratio of 2.40 and a beta of 0.42.

NorthWestern Energy Group (NYSE:NWE) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.04. NorthWestern Energy Group had a net margin of 14.81% and a return on equity of 7.40%. During the same period in the prior year, the company posted $0.65 earnings per share. The company’s revenue was up 12.1% on a year-over-year basis. As a group, equities analysts expect that NorthWestern Energy Group, Inc. will post 3.63 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 Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a dividend of $0.66 per share. The ex-dividend date is Monday, December 15th. This represents a $2.64 dividend on an annualized basis and a yield of 4.1%. NorthWestern Energy Group’s payout ratio is 74.79%.

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.