NorthWestern Energy Group, Inc. (NYSE:NWE) Given Average Recommendation of “Hold” by Brokerages

Shares of NorthWestern Energy Group, Inc. (NYSE:NWE) have earned a consensus recommendation of “Hold” from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $51.86.

NWE has been the subject of several research analyst reports. StockNews.com raised shares of NorthWestern Energy Group from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. lifted their price target on shares of NorthWestern Energy Group from $53.00 to $54.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Finally, Mizuho increased their target price on NorthWestern Energy Group from $51.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, May 16th.

Insider Activity

In related news, VP John D. Hines sold 1,565 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $51.15, for a total transaction of $80,049.75. Following the sale, the vice president now directly owns 32,794 shares in the company, valued at approximately $1,677,413.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Britt E. Ide sold 687 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $51.30, for a total value of $35,243.10. Following the sale, the director now directly owns 10,640 shares in the company, valued at $545,832. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP John D. Hines sold 1,565 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $51.15, for a total value of $80,049.75. Following the completion of the sale, the vice president now owns 32,794 shares in the company, valued at approximately $1,677,413.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,602 shares of company stock worth $183,805. Company insiders own 0.57% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Mitsubishi UFJ Trust & Banking Corp bought a new position in NorthWestern Energy Group during the 1st quarter worth $28,000. Fidelis Capital Partners LLC bought a new stake in shares of NorthWestern Energy Group during the first quarter worth about $28,000. Headlands Technologies LLC increased its position in NorthWestern Energy Group by 138.1% in the 4th quarter. Headlands Technologies LLC now owns 550 shares of the company’s stock valued at $28,000 after acquiring an additional 319 shares during the period. EntryPoint Capital LLC acquired a new position in NorthWestern Energy Group during the 1st quarter worth about $33,000. Finally, GAMMA Investing LLC acquired a new stake in NorthWestern Energy Group during the 4th quarter valued at approximately $38,000. 96.07% of the stock is owned by institutional investors and hedge funds.

NorthWestern Energy Group Stock Up 0.3 %

NWE opened at $49.36 on Wednesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.66 and a current ratio of 0.89. NorthWestern Energy Group has a one year low of $45.97 and a one year high of $58.38. The business’s 50-day simple moving average is $50.77 and its 200-day simple moving average is $49.79. The stock has a market capitalization of $3.03 billion, a P/E ratio of 15.28 and a beta of 0.45.

NorthWestern Energy Group (NYSE:NWE) last announced its quarterly earnings data on Thursday, April 25th. The company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.30). The business had revenue of $475.30 million during the quarter, compared to analysts’ expectations of $471.60 million. NorthWestern Energy Group had a net margin of 13.62% and a return on equity of 7.31%. NorthWestern Energy Group’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.05 EPS. Analysts anticipate that NorthWestern Energy Group will post 3.53 EPS for the current year.

NorthWestern Energy Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a $0.65 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $2.60 annualized dividend and a dividend yield of 5.27%. NorthWestern Energy Group’s payout ratio is 80.50%.

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.