Westwood Holdings Group Inc. Sells 81,161 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

Westwood Holdings Group Inc. decreased its holdings in NorthWestern Energy Group, Inc. (NYSE:NWE) by 6.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,231,334 shares of the company’s stock after selling 81,161 shares during the quarter. Westwood Holdings Group Inc. owned about 2.01% of NorthWestern Energy Group worth $61,665,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its position in shares of NorthWestern Energy Group by 128.8% during the first quarter. BNP Paribas Financial Markets now owns 63,292 shares of the company’s stock valued at $3,223,000 after buying an additional 35,628 shares during the period. Russell Investments Group Ltd. raised its position in shares of NorthWestern Energy Group by 429.0% in the 1st quarter. Russell Investments Group Ltd. now owns 105,103 shares of the company’s stock worth $5,353,000 after acquiring an additional 85,235 shares in the last quarter. Oliver Luxxe Assets LLC purchased a new position in shares of NorthWestern Energy Group in the 4th quarter valued at approximately $2,088,000. Cetera Investment Advisers boosted its position in shares of NorthWestern Energy Group by 49.0% during the first quarter. Cetera Investment Advisers now owns 30,963 shares of the company’s stock valued at $1,577,000 after purchasing an additional 10,185 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in NorthWestern Energy Group by 2,037.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,667 shares of the company’s stock worth $85,000 after purchasing an additional 1,589 shares during the period. Institutional investors own 96.07% of the company’s stock.

Insider Transactions at NorthWestern Energy Group

In related news, Director Britt E. Ide sold 688 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $51.92, for a total transaction of $35,720.96. Following the completion of the sale, the director now owns 10,778 shares in the company, valued at $559,593.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.94% of the company’s stock.

Analyst Ratings Changes

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

NorthWestern Energy Group Trading Down 0.7 %

Shares of NYSE:NWE opened at $56.47 on Friday. NorthWestern Energy Group, Inc. has a 1 year low of $45.97 and a 1 year high of $57.23. The stock’s fifty day moving average price is $53.69 and its 200-day moving average price is $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 company has a market cap of $3.46 billion, a P/E ratio of 17.48 and a beta of 0.46.

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

NorthWestern Energy Group Dividend Announcement

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

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.