nVerses Capital LLC Has $57,000 Stock Holdings in NorthWestern Energy Group, Inc. (NYSE:NWE)

nVerses Capital LLC boosted its position in NorthWestern Energy Group, Inc. (NYSE:NWE) by 150.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,000 shares of the company’s stock after acquiring an additional 600 shares during the quarter. nVerses Capital LLC’s holdings in NorthWestern Energy Group were worth $57,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of NorthWestern Energy Group by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 6,780,298 shares of the company’s stock worth $345,049,000 after buying an additional 187,619 shares in the last quarter. Ancora Advisors LLC acquired a new position in NorthWestern Energy Group during the first quarter worth about $6,550,000. AQR Capital Management LLC lifted its holdings in shares of NorthWestern Energy Group by 36.4% in the second quarter. AQR Capital Management LLC now owns 396,409 shares of the company’s stock worth $19,840,000 after acquiring an additional 105,845 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of 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 purchasing an additional 85,235 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of 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 valued at $51,467,000 after purchasing an additional 61,216 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors.

NorthWestern Energy Group Trading Down 2.0 %

Shares of NWE stock opened at $55.32 on Tuesday. NorthWestern Energy Group, Inc. has a 1-year low of $46.15 and a 1-year high of $57.48. The company has a current ratio of 0.52, a quick ratio of 0.36 and a debt-to-equity ratio of 0.92. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 2.56 and a beta of 0.46. The stock has a 50-day moving average of $55.13 and a 200-day moving average of $52.39.

NorthWestern Energy Group (NYSE:NWE) last released its earnings results on Tuesday, July 30th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.05. NorthWestern Energy Group had a net margin of 14.21% and a return on equity of 7.65%. The business had revenue of $319.90 million during the quarter, compared to the consensus estimate of $310.40 million. During the same quarter in the prior year, the firm posted $0.35 EPS. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, equities research analysts forecast that NorthWestern Energy Group, Inc. will post 3.54 earnings per share for the current year.

NorthWestern Energy Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a dividend of $0.65 per share. The ex-dividend date was Friday, September 13th. This represents a $2.60 dividend on an annualized basis and a yield of 4.70%. NorthWestern Energy Group’s dividend payout ratio (DPR) is currently 80.50%.

Insiders Place Their Bets

In other news, Director Britt E. Ide sold 688 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $51.92, for a total value of $35,720.96. Following the transaction, the director now directly owns 10,778 shares of the company’s stock, valued at $559,593.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on NWE shares. JPMorgan Chase & Co. raised their target price on shares of NorthWestern Energy Group from $56.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday. Mizuho raised their price objective on NorthWestern Energy Group from $52.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. StockNews.com cut NorthWestern Energy Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Barclays lifted their price target on NorthWestern Energy Group from $50.00 to $53.00 and gave the company an “underweight” rating in a research note on Tuesday, August 6th. Finally, Bank of America assumed coverage on NorthWestern Energy Group in a research note on Thursday, September 12th. They issued a “buy” rating and a $65.00 price objective for the company. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $56.14.

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.