Magnetar Financial LLC Has $11.46 Million Stock Holdings in NorthWestern Energy Group, Inc. $NWE

Magnetar Financial LLC lifted its holdings in NorthWestern Energy Group, Inc. (NYSE:NWE) by 2,066.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 195,522 shares of the company’s stock after purchasing an additional 186,499 shares during the quarter. Magnetar Financial LLC’s holdings in NorthWestern Energy Group were worth $11,460,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of NorthWestern Energy Group in the 2nd quarter valued at $39,428,000. Bank of America Corp DE raised its position in shares of NorthWestern Energy Group by 65.6% during the second quarter. Bank of America Corp DE now owns 1,222,376 shares of the company’s stock worth $62,708,000 after acquiring an additional 484,266 shares during the last quarter. Citigroup Inc. lifted its stake in shares of NorthWestern Energy Group by 1,211.4% during the third quarter. Citigroup Inc. now owns 430,361 shares of the company’s stock valued at $25,223,000 after acquiring an additional 397,544 shares during the period. Qube Research & Technologies Ltd lifted its stake in shares of NorthWestern Energy Group by 113.5% during the second quarter. Qube Research & Technologies Ltd now owns 429,484 shares of the company’s stock valued at $22,033,000 after acquiring an additional 228,350 shares during the period. Finally, New York Life Investment Management LLC bought a new position in NorthWestern Energy Group in the third quarter valued at about $7,565,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

NorthWestern Energy Group Trading Down 2.1%

NYSE NWE opened at $67.83 on Wednesday. NorthWestern Energy Group, Inc. has a 12 month low of $50.46 and a 12 month high of $72.21. The stock has a 50-day simple moving average of $68.08 and a 200 day simple moving average of $63.86. The company has a current ratio of 0.52, a quick ratio of 0.37 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $4.17 billion, a PE ratio of 18.58, a P/E/G ratio of 2.40 and a beta of 0.33.

NorthWestern Energy Group (NYSE:NWE) last issued its earnings results on Thursday, February 12th. The company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.02). NorthWestern Energy Group had a return on equity of 7.40% and a net margin of 14.81%.The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.13 EPS. NorthWestern Energy Group has set its FY 2026 guidance at 3.680-3.830 EPS. Research analysts forecast that NorthWestern Energy Group, Inc. will post 3.63 EPS for the current year.

NorthWestern Energy Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Friday, March 13th. This is a positive change from NorthWestern Energy Group’s previous quarterly dividend of $0.66. NorthWestern Energy Group’s payout ratio is 91.16%.

Wall Street Analyst Weigh In

A number of analysts recently commented on NWE shares. Wells Fargo & Company lowered their price objective on NorthWestern Energy Group from $53.00 to $52.00 and set an “underweight” rating for the company in a research report on Friday, February 13th. BMO Capital Markets raised their target price on shares of NorthWestern Energy Group from $65.00 to $70.00 and gave the company a “market perform” rating in a research note on Friday, February 13th. JPMorgan Chase & Co. lifted their price target on shares of NorthWestern Energy Group from $60.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Finally, Barclays boosted their price target on shares of NorthWestern Energy Group from $61.00 to $62.00 and gave the stock an “overweight” rating in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, NorthWestern Energy Group presently has a consensus rating of “Hold” and an average price target of $60.20.

NorthWestern Energy Group Profile

NorthWestern Energy Group (NYSE: NWE) is a regulated energy utility company based in Sioux Falls, South Dakota. The company delivers electricity and natural gas to residential, commercial and industrial customers across a service territory that spans Montana, South Dakota and Nebraska. Through its wholly owned subsidiary, NorthWestern Corporation, it operates a diversified portfolio of generation assets, including thermal, hydroelectric and renewable facilities, as well as an extensive network of transmission and distribution lines.

NorthWestern Energy’s primary business activities encompass the delivery, transmission and sale of electric and natural gas services.