Aigen Investment Management LP Acquires New Position in NorthWestern Energy Group, Inc. $NWE

Key Points

• Aigen Investment Management LP has invested approximately $283,000 in NorthWestern Energy Group, acquiring 4,883 shares during the first quarter.
• NorthWestern Energy Group announced a quarterly dividend of $0.66 per share, resulting in a 4.7% dividend yield, with an ex-dividend date set for September 15th.
• Analysts have given NorthWestern Energy Group a consensus rating of "Hold" and an average price target of $60.00 following various adjustments to target prices by firms like Barclays and Wells Fargo.

Aigen Investment Management LP bought a new position in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 4,883 shares of the company's stock, valued at approximately $283,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its position in NorthWestern Energy Group by 155.3% in the 1st quarter. Farther Finance Advisors LLC now owns 845 shares of the company's stock worth $49,000 after buying an additional 514 shares during the period. GAMMA Investing LLC grew its stake in shares of NorthWestern Energy Group by 27.7% in the first quarter. GAMMA Investing LLC now owns 2,297 shares of the company's stock worth $133,000 after acquiring an additional 498 shares during the last quarter. CWM LLC grew its stake in shares of NorthWestern Energy Group by 38.0% in the first quarter. CWM LLC now owns 3,055 shares of the company's stock worth $177,000 after acquiring an additional 842 shares during the last quarter. KBC Group NV increased its position in NorthWestern Energy Group by 30.6% during the first quarter. KBC Group NV now owns 3,266 shares of the company's stock worth $189,000 after acquiring an additional 765 shares during the period. Finally, Thoroughbred Financial Services LLC acquired a new position in NorthWestern Energy Group during the 1st quarter valued at $200,000. Institutional investors and hedge funds own 96.07% of the company's stock.

NorthWestern Energy Group Price Performance

NYSE:NWE traded down $0.32 on Monday, reaching $55.07. The stock had a trading volume of 67,009 shares, compared to its average volume of 460,624. 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 company has a market capitalization of $3.38 billion, a P/E ratio of 15.09, a price-to-earnings-growth ratio of 2.40 and a beta of 0.35. NorthWestern Energy Group, Inc. has a 1-year low of $50.43 and a 1-year high of $59.89. The stock has a fifty day moving average price of $52.75 and a 200-day moving average price of $54.66.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.38 by $0.02. NorthWestern Energy Group had a return on equity of 7.40% and a net margin of 14.81%. During the same period in the prior year, the company posted $0.53 EPS. The firm's revenue for the quarter was up 7.1% compared to the same quarter last year. Research analysts forecast that NorthWestern Energy Group, Inc. will post 3.63 EPS for the current year.

NorthWestern Energy Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $0.66 per share. The ex-dividend date is Monday, September 15th. This represents a $2.64 annualized dividend and a yield of 4.8%. NorthWestern Energy Group's dividend payout ratio is 71.93%.

Wall Street Analyst Weigh In

Several research firms have issued reports on NWE. LADENBURG THALM/SH SH restated a "neutral" rating and issued a $56.00 price target (down from $57.50) on shares of NorthWestern Energy Group in a research report on Monday, June 2nd. Wells Fargo & Company lifted their target price on NorthWestern Energy Group from $62.00 to $64.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. BMO Capital Markets initiated coverage on 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. Finally, Barclays raised their price objective on NorthWestern Energy Group from $56.00 to $59.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 22nd. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, NorthWestern Energy Group presently has a consensus rating of "Hold" and a consensus price target of $60.00.

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.