DC Investments Management LLC Grows Position in NorthWestern Energy Group, Inc. (NYSE:NWE)

DC Investments Management LLC lifted its stake in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 46.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,816 shares of the company's stock after purchasing an additional 14,146 shares during the period. NorthWestern Energy Group accounts for approximately 1.6% of DC Investments Management LLC's holdings, making the stock its 17th largest position. DC Investments Management LLC owned about 0.07% of NorthWestern Energy Group worth $2,396,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in NWE. Assenagon Asset Management S.A. purchased a new position in NorthWestern Energy Group in the fourth quarter worth about $401,000. Envestnet Portfolio Solutions Inc. lifted its position in NorthWestern Energy Group by 14.0% in the fourth 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 last quarter. Barclays PLC grew its holdings in NorthWestern Energy Group by 204.7% during the 3rd quarter. Barclays PLC now owns 110,571 shares of the company's stock valued at $6,327,000 after purchasing an additional 74,278 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new stake in NorthWestern Energy Group in the fourth quarter worth about $262,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of NorthWestern Energy Group by 18.1% in the fourth 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 currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NWE shares. Wells Fargo & Company lifted their price objective on shares of NorthWestern Energy Group from $62.00 to $64.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. BMO Capital Markets assumed coverage on NorthWestern Energy Group in a research note on Tuesday. They set a "market perform" rating and a $60.00 price objective for the company. Barclays increased their price target on shares of NorthWestern Energy Group from $56.00 to $59.00 and gave the company an "overweight" rating in a research report on Tuesday, April 22nd. LADENBURG THALM/SH SH upgraded 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 research note on Wednesday, January 15th. Finally, Guggenheim upgraded shares of NorthWestern Energy Group from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, NorthWestern Energy Group presently has an average rating of "Moderate Buy" and a consensus price target of $60.21.

Insider Activity

In related news, Director Britt E. Ide sold 702 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $54.32, for a total value of $38,132.64. Following the sale, the director now owns 11,021 shares of the company's stock, valued at $598,660.72. This trade represents a 5.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.94% of the company's stock.

NorthWestern Energy Group Stock Performance

Shares of NYSE NWE traded down $0.85 during trading on Tuesday, reaching $54.89. 190,006 shares of the company traded hands, compared to its average volume of 389,220. NorthWestern Energy Group, Inc. has a 12-month low of $48.52 and a 12-month high of $59.89. The company has a current ratio of 0.52, a quick ratio of 0.37 and a debt-to-equity ratio of 0.94. The stock has a market cap of $3.37 billion, a P/E ratio of 15.04, a PEG ratio of 2.40 and a beta of 0.40. The firm's fifty day simple moving average is $56.85 and its 200 day simple moving average is $54.84.

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

NorthWestern Energy Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.66 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.64 annualized dividend and a yield of 4.81%. NorthWestern Energy Group's dividend payout ratio (DPR) is presently 68.75%.

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.