NorthWestern Energy Group, Inc. (NYSE:NWE) Shares Bought by AdvisorNet Financial Inc

AdvisorNet Financial Inc raised its position in NorthWestern Energy Group, Inc. (NYSE:NWE) by 29.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 883 shares of the company’s stock after acquiring an additional 200 shares during the period. AdvisorNet Financial Inc’s holdings in NorthWestern Energy Group were worth $47,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in NWE. Systematic Financial Management LP lifted its stake in shares of NorthWestern Energy Group by 11.8% during the third quarter. Systematic Financial Management LP now owns 1,070,434 shares of the company’s stock worth $61,250,000 after buying an additional 113,265 shares during the period. FMR LLC lifted its stake in shares of NorthWestern Energy Group by 17.0% during the third quarter. FMR LLC now owns 759,804 shares of the company’s stock worth $43,476,000 after buying an additional 110,461 shares during the period. AQR Capital Management LLC lifted its stake in shares of NorthWestern Energy Group by 36.4% during the second quarter. AQR Capital Management LLC now owns 396,409 shares of the company’s stock worth $19,840,000 after buying an additional 105,845 shares during the period. Barclays PLC lifted its stake in shares of NorthWestern Energy Group by 204.7% during the third quarter. Barclays PLC now owns 110,571 shares of the company’s stock worth $6,327,000 after buying an additional 74,278 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of NorthWestern Energy Group by 6.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,027,698 shares of the company’s stock worth $51,467,000 after buying an additional 61,216 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

NorthWestern Energy Group Stock Up 0.2 %

NWE opened at $54.40 on Friday. NorthWestern Energy Group, Inc. has a fifty-two week low of $46.15 and a fifty-two week high of $57.49. 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 company has a fifty day moving average of $53.56 and a two-hundred day moving average of $53.80. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 2.29 and a beta of 0.48.

NorthWestern Energy Group (NYSE:NWE) last released its quarterly earnings data on Monday, October 28th. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.05). NorthWestern Energy Group had a net margin of 15.15% and a return on equity of 7.95%. The firm had revenue of $345.20 million during the quarter, compared to analysts’ expectations of $344.06 million. During the same period in the previous year, the firm posted $0.49 EPS. On average, research analysts expect 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 was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.65 dividend. The ex-dividend date was Friday, December 13th. This represents a $2.60 dividend on an annualized basis and a yield of 4.78%. NorthWestern Energy Group’s payout ratio is 70.08%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on NWE shares. Barclays upgraded shares of NorthWestern Energy Group from an “underweight” rating to an “overweight” rating and lifted their price objective for the stock from $53.00 to $56.00 in a research note on Thursday, December 19th. JPMorgan Chase & Co. raised their target price on shares of NorthWestern Energy Group from $56.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. StockNews.com cut shares of NorthWestern Energy Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Wells Fargo & Company raised their target price on shares of NorthWestern Energy Group from $58.00 to $61.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Finally, Mizuho raised their target price on shares of NorthWestern Energy Group from $52.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, NorthWestern Energy Group currently has an average rating of “Moderate Buy” and an average target price of $57.50.

Insider Buying and Selling at NorthWestern Energy Group

In related news, Director Anthony Thomas Clark sold 7,400 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $51.95, for a total transaction of $384,430.00. Following the transaction, the director now directly owns 16,816 shares in the company, valued at approximately $873,591.20. The trade was a 30.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Britt E. Ide sold 700 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $53.57, for a total transaction of $37,499.00. Following the transaction, the director now owns 10,888 shares in the company, valued at $583,270.16. The trade was a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.57% of the stock is owned by corporate insiders.

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.