American Century Companies Inc. Sells 328,484 Shares of NorthWestern Energy Group, Inc. $NWE

Key Points

• American Century Companies Inc. has reduced its stake in NorthWestern Energy Group by 10%, now holding 2,959,744 shares valued at approximately $171.28 million.
• The company declared a quarterly dividend of $0.66 per share, representing a 4.8% yield, with the payment date set for September 30th.
• Analysts have mixed ratings on NorthWestern Energy, with several upgrading their price targets, leading to an average target of $60.00 and a consensus rating of "Hold."

American Century Companies Inc. decreased its holdings in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 10.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,959,744 shares of the company's stock after selling 328,484 shares during the period. American Century Companies Inc. owned approximately 4.82% of NorthWestern Energy Group worth $171,280,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its stake in NorthWestern Energy Group by 155.3% during the first quarter. Farther Finance Advisors LLC now owns 845 shares of the company's stock worth $49,000 after purchasing an additional 514 shares during the last quarter. GAMMA Investing LLC lifted its stake in NorthWestern Energy Group by 27.7% during the first quarter. GAMMA Investing LLC now owns 2,297 shares of the company's stock worth $133,000 after purchasing an additional 498 shares during the last quarter. CWM LLC lifted its stake in NorthWestern Energy Group by 38.0% during the first quarter. CWM LLC now owns 3,055 shares of the company's stock worth $177,000 after purchasing an additional 842 shares during the last quarter. KBC Group NV lifted its stake 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 purchasing an additional 765 shares during the last quarter. Finally, Thoroughbred Financial Services LLC bought a new stake in NorthWestern Energy Group during the first quarter worth about $200,000. Institutional investors own 96.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on NWE shares. Wells Fargo & Company lifted their price target on NorthWestern Energy Group from $62.00 to $64.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Barclays lifted their price target on NorthWestern Energy Group from $56.00 to $59.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 22nd. BMO Capital Markets started 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 for the company. Finally, LADENBURG THALM/SH SH reaffirmed a "neutral" rating and set a $56.00 price target (down previously from $57.50) on shares of NorthWestern Energy Group in a research note on Monday, June 2nd. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.00.

NorthWestern Energy Group Trading Down 1.4%

Shares of NYSE NWE traded down $0.7990 during midday trading on Wednesday, reaching $57.6110. The company had a trading volume of 1,183,679 shares, compared to its average volume of 473,650. NorthWestern Energy Group, Inc. has a one year low of $50.43 and a one year high of $59.89. 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 firm's fifty day moving average price is $52.91 and its 200-day moving average price is $54.69. The stock has a market cap of $3.54 billion, a PE ratio of 15.80, a price-to-earnings-growth ratio of 2.40 and a beta of 0.35.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last released 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 return on equity of 7.40% and a net margin of 14.81%.During the same period last year, the firm posted $0.53 earnings per share. The business's quarterly revenue was up 7.1% on a year-over-year basis. NorthWestern Energy Group has set its FY 2025 guidance at 3.530-3.650 EPS. On average, equities research analysts anticipate that NorthWestern Energy Group, Inc. will post 3.63 earnings per share for the current year.

NorthWestern Energy Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.64 dividend on an annualized basis and a yield of 4.6%. NorthWestern Energy Group's dividend payout ratio is presently 71.93%.

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.