NorthWestern Energy Group, Inc. (NYSE:NWE) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its stake in NorthWestern Energy Group, Inc. (NYSE:NWE) by 1.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 106,722 shares of the company’s stock after selling 2,027 shares during the period. Mutual of America Capital Management LLC owned 0.17% of NorthWestern Energy Group worth $5,345,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NWE. BNP Paribas Financial Markets grew its stake in shares of NorthWestern Energy Group by 128.8% in the 1st quarter. BNP Paribas Financial Markets now owns 63,292 shares of the company’s stock valued at $3,223,000 after purchasing an additional 35,628 shares during the last quarter. Russell Investments Group Ltd. grew its position in NorthWestern Energy Group by 429.0% in the 1st quarter. Russell Investments Group Ltd. now owns 105,103 shares of the company’s stock valued at $5,353,000 after buying an additional 85,235 shares during the last quarter. Oliver Luxxe Assets LLC acquired a new position in NorthWestern Energy Group in the 4th quarter valued at $2,088,000. Cetera Investment Advisers raised its position in NorthWestern Energy Group by 49.0% during the 1st quarter. Cetera Investment Advisers now owns 30,963 shares of the company’s stock worth $1,577,000 after buying an additional 10,185 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of NorthWestern Energy Group by 2,037.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,667 shares of the company’s stock worth $85,000 after acquiring an additional 1,589 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. 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 research note on Tuesday, August 6th. StockNews.com cut NorthWestern Energy Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Wells Fargo & Company raised their price target on NorthWestern Energy Group from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Finally, Bank of America began coverage on NorthWestern Energy Group in a research note on Thursday, September 12th. They issued a “buy” rating and a $65.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $54.88.

NorthWestern Energy Group Price Performance

Shares of NYSE:NWE opened at $56.47 on Friday. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of 17.48 and a beta of 0.46. 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 business’s 50 day simple moving average is $53.69 and its 200-day simple moving average is $51.39. NorthWestern Energy Group, Inc. has a 12 month low of $45.97 and a 12 month high of $57.23.

NorthWestern Energy Group (NYSE:NWE) last posted its earnings results on Tuesday, July 30th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.05. The company had revenue of $319.90 million for the quarter, compared to analyst estimates of $310.40 million. NorthWestern Energy Group had a return on equity of 7.65% and a net margin of 14.21%. NorthWestern Energy Group’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.35 earnings per share. As a group, equities analysts forecast that NorthWestern Energy Group, Inc. will post 3.53 earnings per share for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 4.60%. The ex-dividend date is Friday, September 13th. NorthWestern Energy Group’s dividend payout ratio (DPR) is presently 80.50%.

Insider Activity

In related news, Director Britt E. Ide sold 688 shares of the company’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 value of $35,720.96. Following the sale, 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 available through this link. Company insiders own 0.94% of the company’s stock.

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.