Atria Investments Inc Buys Shares of 3,533 NorthWestern Energy Group, Inc. (NYSE:NWE)

Atria Investments Inc bought a new stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,533 shares of the company’s stock, valued at approximately $202,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. V Square Quantitative Management LLC purchased a new position in shares of NorthWestern Energy Group during the third quarter valued at $26,000. EntryPoint Capital LLC purchased a new position in shares of NorthWestern Energy Group during the first quarter valued at $33,000. CWM LLC grew its holdings in shares of NorthWestern Energy Group by 140.2% during the second quarter. CWM LLC now owns 992 shares of the company’s stock valued at $50,000 after buying an additional 579 shares in the last quarter. GAMMA Investing LLC grew its stake in NorthWestern Energy Group by 142.9% in the second quarter. GAMMA Investing LLC now owns 1,139 shares of the company’s stock valued at $57,000 after purchasing an additional 670 shares in the last quarter. Finally, nVerses Capital LLC grew its stake in NorthWestern Energy Group by 150.0% in the third quarter. nVerses Capital LLC now owns 1,000 shares of the company’s stock valued at $57,000 after purchasing an additional 600 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

NorthWestern Energy Group Price Performance

NYSE NWE opened at $56.75 on Monday. NorthWestern Energy Group, Inc. has a twelve month low of $46.15 and a twelve month high of $57.48. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.30 and a current ratio of 0.45. The stock has a market capitalization of $3.48 billion, a PE ratio of 15.30, a P/E/G ratio of 2.72 and a beta of 0.47. The stock has a 50-day simple moving average of $55.47 and a 200 day simple moving average of $53.17.

NorthWestern Energy Group (NYSE:NWE) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $345.20 million for the quarter, compared to analyst estimates of $344.06 million. During the same period in the prior year, the firm posted $0.49 EPS. Research analysts anticipate that NorthWestern Energy Group, Inc. will post 3.38 EPS for the current year.

NorthWestern Energy Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.65 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.60 annualized dividend and a yield of 4.58%. NorthWestern Energy Group’s dividend payout ratio (DPR) is 70.08%.

Wall Street Analyst Weigh In

NWE has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on NorthWestern Energy Group from $56.00 to $60.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Wells Fargo & Company boosted their target price on NorthWestern Energy Group from $58.00 to $61.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Barclays upped their price target 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. Bank of America assumed coverage on NorthWestern Energy Group in a research note on Thursday, September 12th. They set a “buy” rating and a $65.00 price target for the company. Finally, StockNews.com downgraded NorthWestern Energy Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $57.00.

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.