Cubist Systematic Strategies LLC Takes Position in NorthWestern Energy Group, Inc. $NWE

Cubist Systematic Strategies LLC acquired a new position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 22,324 shares of the company's stock, valued at approximately $1,292,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position in NorthWestern Energy Group by 155.3% during the 1st quarter. Farther Finance Advisors LLC now owns 845 shares of the company's stock worth $49,000 after purchasing an additional 514 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of NorthWestern Energy Group during the 1st quarter valued at $116,000. GAMMA Investing LLC grew its holdings in shares of NorthWestern Energy Group by 27.7% during the 1st quarter. GAMMA Investing LLC now owns 2,297 shares of the company's stock valued at $133,000 after acquiring an additional 498 shares in the last quarter. CWM LLC grew its holdings in shares of NorthWestern Energy Group by 38.0% during the 1st quarter. CWM LLC now owns 3,055 shares of the company's stock valued at $177,000 after acquiring an additional 842 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of NorthWestern Energy Group by 30.6% during the 1st quarter. KBC Group NV now owns 3,266 shares of the company's stock valued at $189,000 after acquiring an additional 765 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

NorthWestern Energy Group Stock Performance

Shares of NWE traded up $0.04 during trading hours on Friday, reaching $57.14. 220,553 shares of the company traded hands, compared to its average volume of 466,995. The stock's fifty day moving average is $55.00 and its 200 day moving average is $55.17. The stock has a market cap of $3.51 billion, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 2.40 and a beta of 0.40. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.37 and a current ratio of 0.52. NorthWestern Energy Group, Inc. has a 1-year low of $50.43 and a 1-year high of $59.89.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.02. NorthWestern Energy Group had a net margin of 14.81% and a return on equity of 7.40%. The business's revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.53 EPS. NorthWestern Energy Group has set its FY 2025 guidance at 3.530-3.650 EPS. Equities 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Monday, September 15th. NorthWestern Energy Group's dividend payout ratio is currently 71.93%.

Wall Street Analysts Forecast Growth

Separately, LADENBURG THALM/SH SH restated a "neutral" rating and set a $56.00 price target (down from $57.50) on shares of NorthWestern Energy Group in a report on Monday, June 2nd. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $59.17.

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.