State of New Jersey Common Pension Fund D Has $1.86 Million Holdings in NorthWestern Energy Group, Inc. (NYSE:NWE)

State of New Jersey Common Pension Fund D lessened its holdings in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 36.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,130 shares of the company’s stock after selling 20,859 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.06% of NorthWestern Energy Group worth $1,859,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in NorthWestern Energy Group by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 6,780,298 shares of the company’s stock worth $345,049,000 after buying an additional 187,619 shares during the last quarter. Victory Capital Management Inc. increased its position in NorthWestern Energy Group by 0.9% during the second quarter. Victory Capital Management Inc. now owns 2,128,539 shares of the company’s stock worth $106,597,000 after buying an additional 19,369 shares during the last quarter. Dimensional Fund Advisors LP increased its position in NorthWestern Energy Group by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 956,127 shares of the company’s stock worth $48,658,000 after buying an additional 3,849 shares during the last quarter. Bank of New York Mellon Corp increased its position in NorthWestern Energy Group by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 849,064 shares of the company’s stock worth $42,521,000 after buying an additional 12,091 shares during the last quarter. Finally, ProShare Advisors LLC increased its position in NorthWestern Energy Group by 1.8% during the first quarter. ProShare Advisors LLC now owns 797,125 shares of the company’s stock worth $40,598,000 after buying an additional 13,753 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

NorthWestern Energy Group Trading Down 0.7 %

Shares of NWE stock opened at $56.47 on Monday. The company has a current ratio of 0.52, a quick ratio of 0.36 and a debt-to-equity ratio of 0.92. The stock has a market cap of $3.46 billion, a P/E ratio of 17.48 and a beta of 0.46. The stock has a 50 day simple moving average of $53.69 and a 200 day simple moving average of $51.43. NorthWestern Energy Group, Inc. has a 1 year low of $45.97 and a 1 year high of $57.23.

NorthWestern Energy Group (NYSE:NWE) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.05. The business had revenue of $319.90 million during the quarter, compared to analysts’ expectations of $310.40 million. NorthWestern Energy Group had a return on equity of 7.65% and a net margin of 14.21%. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 earnings per share. On average, research analysts predict that NorthWestern Energy Group, Inc. will post 3.53 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 Monday, September 30th. Investors of record on Friday, September 13th will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 4.60%. The ex-dividend date of this dividend is Friday, September 13th. NorthWestern Energy Group’s dividend payout ratio (DPR) is currently 80.50%.

Insiders Place Their Bets

In other NorthWestern Energy Group 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 directly owns 10,778 shares in the company, valued at $559,593.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.94% of the company’s stock.

Analysts Set New Price Targets

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

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.