Nomura Holdings Inc. Purchases Shares of 8,120 NorthWestern Energy Group, Inc. (NYSE:NWE)

Nomura Holdings Inc. purchased a new position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 8,120 shares of the company's stock, valued at approximately $434,000.

Several other institutional investors and hedge funds have also modified their holdings of NWE. First Trust Advisors LP boosted its stake in shares of NorthWestern Energy Group by 391.6% during the 4th quarter. First Trust Advisors LP now owns 999,884 shares of the company's stock worth $53,454,000 after acquiring an additional 796,500 shares during the last quarter. Norges Bank purchased a new position in shares of NorthWestern Energy Group during the 4th quarter worth $40,236,000. Raymond James Financial Inc. purchased a new position in shares of NorthWestern Energy Group during the 4th quarter worth $29,978,000. DRW Securities LLC purchased a new position in shares of NorthWestern Energy Group during the 4th quarter worth $11,275,000. Finally, Nuveen Asset Management LLC boosted its stake in shares of NorthWestern Energy Group by 24.7% during the 4th quarter. Nuveen Asset Management LLC now owns 752,441 shares of the company's stock worth $40,225,000 after acquiring an additional 148,870 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

NorthWestern Energy Group Price Performance

NYSE NWE traded up $0.71 on Tuesday, reaching $55.69. The company had a trading volume of 264,473 shares, compared to its average volume of 394,866. The company has a quick ratio of 0.37, a current ratio of 0.52 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $3.42 billion, a PE ratio of 15.26, a price-to-earnings-growth ratio of 2.40 and a beta of 0.40. The firm's 50 day moving average price is $56.75 and its 200 day moving average price is $54.96. NorthWestern Energy Group, Inc. has a 12 month low of $48.52 and a 12 month high of $59.89.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $1.22 earnings per share (EPS) 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%. The business's revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.09 EPS. As a group, equities analysts predict that NorthWestern Energy Group, Inc. will post 3.63 earnings per share for the current year.

NorthWestern Energy Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders 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 dividend on an annualized basis and a yield of 4.74%. NorthWestern Energy Group's dividend payout ratio is currently 68.75%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. BMO Capital Markets initiated coverage on shares of NorthWestern Energy Group in a research note on Tuesday, May 13th. They set a "market perform" rating and a $60.00 price target on the stock. Barclays raised their price objective 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. Finally, Wells Fargo & Company raised their price objective on shares of NorthWestern Energy Group from $62.00 to $64.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, NorthWestern Energy Group presently has an average rating of "Moderate Buy" and an average price target of $60.21.

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.