Huber Capital Management LLC Reduces Stake in NorthWestern Energy Group, Inc. (NYSE:NWE)

Huber Capital Management LLC lessened its stake in NorthWestern Energy Group, Inc. (NYSE:NWE) by 3.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,407 shares of the company’s stock after selling 517 shares during the quarter. Huber Capital Management LLC’s holdings in NorthWestern Energy Group were worth $722,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Principal Securities Inc. bought a new stake in shares of NorthWestern Energy Group in the fourth quarter valued at $66,000. Jump Financial LLC purchased a new position in shares of NorthWestern Energy Group in the fourth quarter worth about $209,000. Dimensional Fund Advisors LP raised its position in shares of NorthWestern Energy Group by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 956,127 shares of the company’s stock valued at $48,658,000 after purchasing an additional 3,849 shares during the period. Principal Financial Group Inc. lifted its stake in shares of NorthWestern Energy Group by 1.4% during the 4th quarter. Principal Financial Group Inc. now owns 228,752 shares of the company’s stock valued at $11,641,000 after buying an additional 3,106 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in NorthWestern Energy Group by 172.9% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 11,726 shares of the company’s stock worth $597,000 after buying an additional 7,429 shares during the period. Institutional investors own 96.07% of the company’s stock.

NorthWestern Energy Group Price Performance

NWE stock opened at $56.47 on Friday. The firm has a 50 day simple moving average of $53.69 and a two-hundred day simple moving average of $51.39. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.52 and a quick ratio of 0.36. The stock has a market cap of $3.46 billion, a PE ratio of 17.48 and a beta of 0.46. NorthWestern Energy Group, Inc. has a one year low of $45.97 and a one year high of $57.23.

NorthWestern Energy Group (NYSE:NWE) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.05. NorthWestern Energy Group had a return on equity of 7.65% and a net margin of 14.21%. The business had revenue of $319.90 million for the quarter, compared to the consensus estimate of $310.40 million. During the same quarter last year, the business posted $0.35 earnings per share. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. On average, analysts predict that NorthWestern Energy Group, Inc. will post 3.53 EPS for the current fiscal year.

NorthWestern Energy Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date is Friday, September 13th. NorthWestern Energy Group’s payout ratio is currently 80.50%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NWE shares. Wells Fargo & Company boosted their target price on shares of NorthWestern Energy Group from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. StockNews.com cut NorthWestern Energy Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. Barclays raised their target price on NorthWestern Energy Group from $50.00 to $53.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 6th. Finally, Bank of America assumed coverage on NorthWestern Energy Group in a research report on Thursday, September 12th. They set a “buy” rating and a $65.00 price target on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $54.88.

Insider Buying and Selling at NorthWestern Energy Group

In related news, Director Britt E. Ide sold 688 shares of NorthWestern Energy Group stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $51.92, for a total value of $35,720.96. Following the transaction, the director now owns 10,778 shares in the company, valued at approximately $559,593.76. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company 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.