NorthWestern Energy Group, Inc. (NYSE:NWE) Shares Sold by Jane Street Group LLC

Jane Street Group LLC decreased its stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 42.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,030 shares of the company’s stock after selling 24,030 shares during the period. Jane Street Group LLC owned 0.05% of NorthWestern Energy Group worth $1,890,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. V Square Quantitative Management LLC acquired a new stake in shares of NorthWestern Energy Group during the 3rd quarter worth $26,000. Quest Partners LLC acquired a new stake in NorthWestern Energy Group during the third quarter worth about $45,000. nVerses Capital LLC raised its holdings in shares of NorthWestern Energy Group by 150.0% in the 3rd 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. CWM LLC lifted its stake in shares of NorthWestern Energy Group by 51.7% in the 3rd quarter. CWM LLC now owns 1,505 shares of the company’s stock valued at $86,000 after purchasing an additional 513 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of NorthWestern Energy Group by 38.4% during the 3rd quarter. KBC Group NV now owns 1,676 shares of the company’s stock worth $96,000 after purchasing an additional 465 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Insiders Place Their Bets

In other news, Director Anthony Thomas Clark sold 7,400 shares of NorthWestern Energy Group stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $51.95, for a total transaction of $384,430.00. Following the completion of the sale, the director now directly owns 16,816 shares in the company, valued at $873,591.20. The trade was a 30.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Britt E. Ide sold 700 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $53.57, for a total value of $37,499.00. Following the transaction, the director now owns 10,888 shares in the company, valued at approximately $583,270.16. This trade represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company’s stock.

NorthWestern Energy Group Stock Up 0.8 %

NYSE NWE opened at $53.18 on Wednesday. The company has a market capitalization of $3.26 billion, a P/E ratio of 14.33, a PEG ratio of 2.45 and a beta of 0.48. NorthWestern Energy Group, Inc. has a 12 month low of $46.15 and a 12 month high of $57.49. 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 company’s 50 day simple moving average is $54.24 and its 200 day simple moving average is $53.42.

NorthWestern Energy Group (NYSE:NWE) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.05). The company had revenue of $345.20 million for the quarter, compared to analyst estimates 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 in the previous year, the firm posted $0.49 EPS. Equities research analysts expect that NorthWestern Energy Group, Inc. will post 3.39 earnings per share for the current fiscal year.

NorthWestern Energy Group Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on NWE shares. Barclays upgraded shares of NorthWestern Energy Group from an “underweight” rating to an “overweight” rating and lifted their target price for the company from $53.00 to $56.00 in a report on Thursday, December 19th. Bank of America initiated coverage on NorthWestern Energy Group in a research note on Thursday, September 12th. They set a “buy” rating and a $65.00 price objective on the stock. Wells Fargo & Company increased 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. StockNews.com lowered NorthWestern Energy Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Mizuho increased their price objective on shares of NorthWestern Energy Group from $52.00 to $56.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $57.50.

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.