Centiva Capital LP Makes New $330,000 Investment in NorthWestern Energy Group, Inc. (NYSE:NWE)

Centiva Capital LP bought a new position in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,176 shares of the company's stock, valued at approximately $330,000.

Other large investors also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. bought a new stake in NorthWestern Energy Group in the fourth quarter worth approximately $401,000. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of NorthWestern Energy Group by 14.0% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 22,989 shares of the company's stock worth $1,229,000 after buying an additional 2,828 shares during the period. Barclays PLC boosted its holdings in shares of NorthWestern Energy Group by 204.7% during the 3rd 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. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of NorthWestern Energy Group during the 4th quarter worth $262,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of NorthWestern Energy Group by 18.1% during the 4th quarter. Bank of New York Mellon Corp now owns 886,066 shares of the company's stock worth $47,369,000 after buying an additional 135,611 shares during the period. 96.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on NWE shares. Guggenheim raised shares of NorthWestern Energy Group from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Barclays upped their price objective on shares of NorthWestern Energy Group from $56.00 to $59.00 and gave the stock an "overweight" rating in a report on Tuesday, April 22nd. Wells Fargo & Company upped their price objective on shares of NorthWestern Energy Group from $62.00 to $64.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, LADENBURG THALM/SH SH raised shares of NorthWestern Energy Group from a "neutral" rating to a "buy" rating and set a $57.50 price objective for the company in a report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $60.25.

NorthWestern Energy Group Price Performance

Shares of NorthWestern Energy Group stock opened at $56.14 on Monday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.52 and a quick ratio of 0.37. NorthWestern Energy Group, Inc. has a fifty-two week low of $48.52 and a fifty-two week high of $59.89. The firm has a fifty day moving average price of $56.84 and a two-hundred day moving average price of $54.83. The company has a market cap of $3.45 billion, a PE ratio of 15.38, a price-to-earnings-growth ratio of 2.40 and a beta of 0.40.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $1.22 earnings per share for the quarter, beating analysts' consensus estimates of $1.18 by $0.04. NorthWestern Energy Group had a net margin of 14.81% and a return on equity of 7.40%. During the same period in the prior year, the firm posted $1.09 earnings per share. The company's revenue was down 1.8% compared to the same quarter last year. Analysts expect that NorthWestern Energy Group, Inc. will post 3.63 EPS for the current year.

NorthWestern Energy Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.64 annualized dividend and a dividend yield of 4.70%. NorthWestern Energy Group's dividend payout ratio (DPR) is currently 68.75%.

Insider Activity

In related news, Director Britt E. Ide sold 702 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $54.32, for a total transaction of $38,132.64. Following the completion of the sale, the director now owns 11,021 shares in the company, valued at $598,660.72. This trade represents a 5.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.94% of the stock is owned by company insiders.

About NorthWestern Energy Group

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.