NorthWestern Energy Group, Inc. (NYSE:NWE) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its holdings in NorthWestern Energy Group, Inc. (NYSE:NWE) by 6.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,827 shares of the company’s stock after selling 357 shares during the period. Allspring Global Investments Holdings LLC’s holdings in NorthWestern Energy Group were worth $276,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. American Century Companies Inc. lifted its stake in shares of NorthWestern Energy Group by 0.5% in the 2nd quarter. American Century Companies Inc. now owns 3,968,413 shares of the company’s stock valued at $198,738,000 after purchasing an additional 19,748 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of NorthWestern Energy Group by 0.9% in the 2nd quarter. Victory Capital Management Inc. now owns 2,128,539 shares of the company’s stock valued at $106,597,000 after purchasing an additional 19,369 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in NorthWestern Energy Group by 6.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,027,698 shares of the company’s stock worth $51,467,000 after acquiring an additional 61,216 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in NorthWestern Energy Group by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 849,064 shares of the company’s stock worth $42,521,000 after acquiring an additional 12,091 shares in the last quarter. Finally, ProShare Advisors LLC lifted its stake in NorthWestern Energy Group by 1.8% during the 1st quarter. ProShare Advisors LLC now owns 797,125 shares of the company’s stock worth $40,598,000 after acquiring an additional 13,753 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

NorthWestern Energy Group Trading Down 1.3 %

NYSE:NWE opened at $52.79 on Friday. The stock’s 50 day moving average price is $55.34 and its 200 day moving average price is $52.69. The company has a market capitalization of $3.24 billion, a PE ratio of 14.23, a P/E/G ratio of 2.58 and a beta of 0.47. The company has a quick ratio of 0.36, a current ratio of 0.45 and a debt-to-equity ratio of 0.91. NorthWestern Energy Group, Inc. has a 52-week low of $46.15 and a 52-week high of $57.48.

NorthWestern Energy Group (NYSE:NWE) last released its quarterly earnings results on Monday, October 28th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.05). NorthWestern Energy Group had a return on equity of 7.95% and a net margin of 15.15%. The firm had revenue of $345.20 million for the quarter, compared to analysts’ expectations of $344.06 million. During the same quarter in the prior year, the business earned $0.49 EPS. On average, research analysts anticipate that NorthWestern Energy Group, Inc. will post 3.38 EPS for the current year.

NorthWestern Energy Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.65 per share. The ex-dividend date is Friday, December 13th. This represents a $2.60 dividend on an annualized basis and a yield of 4.93%. NorthWestern Energy Group’s payout ratio is 70.08%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Barclays increased 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. JPMorgan Chase & Co. upped their price target on NorthWestern Energy Group from $56.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Mizuho upped their price target on NorthWestern Energy Group from $52.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. StockNews.com downgraded NorthWestern Energy Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Finally, Wells Fargo & Company upped their price target on NorthWestern Energy Group from $58.00 to $61.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $56.14.

Insiders Place Their Bets

In other NorthWestern Energy Group news, Director Britt E. Ide sold 688 shares of the 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 completion of the sale, the director now directly owns 10,778 shares of the company’s stock, valued at approximately $559,593.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.94% of the stock is owned by insiders.

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.