Fmr LLC Acquires 110,461 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

Fmr LLC lifted its holdings in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 17.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 759,804 shares of the company’s stock after purchasing an additional 110,461 shares during the quarter. Fmr LLC owned 1.24% of NorthWestern Energy Group worth $43,476,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. V Square Quantitative Management LLC purchased a new position in NorthWestern Energy Group in the 3rd quarter worth approximately $26,000. Quest Partners LLC purchased a new position in NorthWestern Energy Group in the third quarter worth $45,000. CWM LLC increased its stake in NorthWestern Energy Group by 140.2% in the second quarter. CWM LLC now owns 992 shares of the company’s stock valued at $50,000 after acquiring an additional 579 shares during the last quarter. GAMMA Investing LLC increased 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 acquiring an additional 670 shares during the last quarter. Finally, nVerses Capital LLC raised its position in NorthWestern Energy Group by 150.0% during 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. 96.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NWE has been the subject of several research reports. StockNews.com lowered NorthWestern Energy Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Wells Fargo & Company upped their price objective on shares of NorthWestern Energy Group from $58.00 to $61.00 and gave the company an “overweight” rating in a research note 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 target price on the stock. Mizuho boosted their price target on shares of NorthWestern Energy Group from $52.00 to $56.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. lifted their price objective on NorthWestern Energy Group from $56.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $57.00.

NorthWestern Energy Group Price Performance

Shares of NorthWestern Energy Group stock opened at $53.43 on Friday. The business has a 50 day moving average of $55.04 and a 200 day moving average of $53.35. NorthWestern Energy Group, Inc. has a 52 week low of $46.15 and a 52 week high of $57.49. The company has a market cap of $3.28 billion, a PE ratio of 14.40, a P/E/G ratio of 2.60 and a beta of 0.48. The company has a quick ratio of 0.30, a current ratio of 0.45 and a debt-to-equity ratio of 0.91.

NorthWestern Energy Group (NYSE:NWE) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.05). The company had revenue of $345.20 million during the quarter, compared to the consensus estimate of $344.06 million. NorthWestern Energy Group had a return on equity of 7.95% and a net margin of 15.15%. During the same quarter last year, the company posted $0.49 earnings per share. As a group, equities research analysts forecast that NorthWestern Energy Group, Inc. will post 3.39 earnings per share for the current year.

NorthWestern Energy Group Dividend Announcement

The company 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 of this dividend is Friday, December 13th. This represents a $2.60 annualized dividend and a yield of 4.87%. NorthWestern Energy Group’s payout ratio is 70.08%.

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.