Ameriprise Financial Inc. Has $7.43 Million Stock Holdings in NorthWestern Energy Group, Inc. (NYSE:NWE)

Ameriprise Financial Inc. lessened its position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 62.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 138,959 shares of the company's stock after selling 229,930 shares during the period. Ameriprise Financial Inc. owned approximately 0.23% of NorthWestern Energy Group worth $7,429,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in NWE. S.A. Mason LLC bought a new stake in shares of NorthWestern Energy Group during the 4th quarter worth approximately $30,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of NorthWestern Energy Group by 91.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 971 shares of the company's stock worth $52,000 after acquiring an additional 465 shares during the period. EverSource Wealth Advisors LLC lifted its stake in NorthWestern Energy Group by 280.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,203 shares of the company's stock valued at $64,000 after purchasing an additional 887 shares during the last quarter. Asset Management One Co. Ltd. bought a new position in NorthWestern Energy Group in the 4th quarter valued at approximately $73,000. Finally, Venturi Wealth Management LLC acquired a new position in NorthWestern Energy Group in the 4th quarter valued at approximately $92,000. Institutional investors own 96.07% of the company's stock.

NorthWestern Energy Group Trading Up 1.3%

Shares of NWE traded up $0.71 during trading hours on Tuesday, hitting $55.69. 264,473 shares of the stock were exchanged, compared to its average volume of 394,866. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.52 and a quick ratio of 0.37. The firm has a market capitalization of $3.42 billion, a P/E ratio of 15.26, a price-to-earnings-growth ratio of 2.40 and a beta of 0.40. The business has a 50-day moving average of $56.75 and a 200-day moving average of $54.96. NorthWestern Energy Group, Inc. has a fifty-two week low of $48.52 and a fifty-two week high of $59.89.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.22 EPS for the quarter, topping 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%. NorthWestern Energy Group's quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.09 earnings per share. On average, research analysts expect 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 Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date is Friday, June 13th. NorthWestern Energy Group's payout ratio is 68.75%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Barclays upped 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. Wells Fargo & Company increased their price objective on shares of NorthWestern Energy Group from $62.00 to $64.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Finally, BMO Capital Markets started coverage on shares of NorthWestern Energy Group in a research report on Tuesday, May 13th. They set a "market perform" rating and a $60.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $60.21.

About NorthWestern Energy Group

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.