Algert Global LLC Sells 17,651 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

Algert Global LLC trimmed its holdings in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 26.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,078 shares of the company’s stock after selling 17,651 shares during the quarter. Algert Global LLC owned approximately 0.08% of NorthWestern Energy Group worth $2,408,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. AQR Capital Management LLC boosted its stake in shares of NorthWestern Energy Group by 36.4% during the 2nd quarter. AQR Capital Management LLC now owns 396,409 shares of the company’s stock worth $19,840,000 after acquiring an additional 105,845 shares during the last quarter. Bank of Montreal Can grew its holdings in NorthWestern Energy Group by 9.9% during the second quarter. Bank of Montreal Can now owns 52,569 shares of the company’s stock valued at $2,636,000 after purchasing an additional 4,738 shares during the period. Pacer Advisors Inc. increased its position in NorthWestern Energy Group by 79.4% in the second quarter. Pacer Advisors Inc. now owns 16,376 shares of the company’s stock worth $820,000 after buying an additional 7,247 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of NorthWestern Energy Group by 600.3% in the second quarter. Hsbc Holdings PLC now owns 49,555 shares of the company’s stock worth $2,479,000 after buying an additional 42,479 shares during the period. Finally, First Washington CORP lifted its position in shares of NorthWestern Energy Group by 1.9% during the 2nd quarter. First Washington CORP now owns 113,799 shares of the company’s stock valued at $5,699,000 after buying an additional 2,151 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on NWE shares. Barclays upped their target price on shares of NorthWestern Energy Group from $50.00 to $53.00 and gave the stock an “underweight” rating in a report on Tuesday, August 6th. Wells Fargo & Company increased their target price on NorthWestern Energy Group from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Bank of America began coverage on NorthWestern Energy Group in a report on Thursday, September 12th. They issued a “buy” rating and a $65.00 price target on the stock. Finally, StockNews.com raised shares of NorthWestern Energy Group from a “hold” rating to a “buy” rating in a report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $54.88.

Insider Buying and Selling at NorthWestern Energy Group

In other news, Director Britt E. Ide sold 688 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 10,778 shares of the company’s stock, valued at approximately $559,593.76. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.94% of the company’s stock.

NorthWestern Energy Group Stock Up 0.0 %

Shares of NWE opened at $57.24 on Wednesday. The business’s 50 day simple moving average is $54.21 and its 200-day simple moving average is $51.75. NorthWestern Energy Group, Inc. has a 1 year low of $45.97 and a 1 year high of $57.48. 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 capitalization of $3.51 billion, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 2.61 and a beta of 0.46.

NorthWestern Energy Group (NYSE:NWE) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.05. NorthWestern Energy Group had a net margin of 14.21% and a return on equity of 7.65%. The company had revenue of $319.90 million for the quarter, compared to the consensus estimate of $310.40 million. During the same quarter in the prior year, the firm earned $0.35 earnings per share. NorthWestern Energy Group’s revenue was up 10.1% on a year-over-year basis. As a group, equities analysts expect that NorthWestern Energy Group, Inc. will post 3.56 earnings per share for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $0.65 per share. The ex-dividend date was Friday, September 13th. This represents a $2.60 annualized dividend and a yield of 4.54%. NorthWestern Energy Group’s payout ratio is currently 80.50%.

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.