International Assets Investment Management LLC Has $563,000 Stock Holdings in NorthWestern Energy Group, Inc. (NYSE:NWE)

International Assets Investment Management LLC lifted its holdings in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 5,622.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,842 shares of the company’s stock after buying an additional 9,670 shares during the period. International Assets Investment Management LLC’s holdings in NorthWestern Energy Group were worth $563,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. First Citizens Bank & Trust Co. bought a new stake in shares of NorthWestern Energy Group in the 3rd quarter valued at about $230,000. V Square Quantitative Management LLC bought a new position in shares of NorthWestern Energy Group during the third quarter worth approximately $26,000. nVerses Capital LLC increased its holdings in shares of NorthWestern Energy Group by 150.0% during the third quarter. nVerses Capital LLC now owns 1,000 shares of the company’s stock worth $57,000 after purchasing an additional 600 shares during the period. ZWJ Investment Counsel Inc. bought a new position in shares of NorthWestern Energy Group during the third quarter worth approximately $220,000. Finally, Oliver Luxxe Assets LLC boosted its position in shares of NorthWestern Energy Group by 34.8% during the 3rd quarter. Oliver Luxxe Assets LLC now owns 67,322 shares of the company’s stock worth $3,852,000 after acquiring an additional 17,364 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

NorthWestern Energy Group Stock Performance

NYSE NWE opened at $53.21 on Wednesday. The company’s 50 day simple moving average is $55.30 and its two-hundred day simple moving average is $52.77. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.45 and a quick ratio of 0.30. The stock has a market capitalization of $3.26 billion, a PE ratio of 14.34, a P/E/G ratio of 2.54 and a beta of 0.47. NorthWestern Energy Group, Inc. has a 1 year low of $46.15 and a 1 year high of $57.48.

NorthWestern Energy Group (NYSE:NWE) last released its earnings results on Monday, October 28th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.05). NorthWestern Energy Group had a net margin of 15.15% and a return on equity of 7.95%. The business had revenue of $345.20 million for the quarter, compared to the consensus estimate of $344.06 million. During the same period in the prior year, the business posted $0.49 EPS. Analysts predict that NorthWestern Energy Group, Inc. will post 3.38 earnings per share for the current fiscal year.

NorthWestern Energy Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 4.89%. The ex-dividend date of this dividend is Friday, December 13th. NorthWestern Energy Group’s dividend payout ratio is currently 70.08%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NWE. JPMorgan Chase & Co. lifted their price target on shares of NorthWestern Energy Group from $56.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Mizuho lifted their price target on shares of NorthWestern Energy Group from $52.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Wells Fargo & Company lifted their price objective on shares of NorthWestern Energy Group from $58.00 to $61.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Bank of America initiated coverage on shares of NorthWestern Energy Group in a report on Thursday, September 12th. They set a “buy” rating and a $65.00 price target on the stock. Finally, Barclays boosted their price target 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently 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 firm’s 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 sale, the director now owns 10,778 shares of the company’s stock, valued at $559,593.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.57% of the company’s stock.

About NorthWestern Energy Group

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.