Ancora Advisors LLC Has $12.81 Million Stock Position in NorthWestern Energy Group, Inc. $NWE

Key Points

• Ancora Advisors LLC has increased its holdings in NorthWestern Energy Group, owning approximately $12.81 million worth of shares following a 6.4% increase in the first quarter.
• NorthWestern Energy Group recently announced a quarterly dividend of $0.66, resulting in a yield of 4.6%, to be paid to shareholders of record on September 15th.
• The stock has a current consensus rating of "Moderate Buy" from analysts, with a price target of $60.00, reflecting an optimistic market sentiment towards its performance.

Ancora Advisors LLC increased its stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 6.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 221,325 shares of the company's stock after purchasing an additional 13,235 shares during the period. Ancora Advisors LLC owned approximately 0.36% of NorthWestern Energy Group worth $12,808,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. Cubist Systematic Strategies LLC purchased a new stake in NorthWestern Energy Group during the first quarter valued at $1,292,000. MAI Capital Management grew its holdings in NorthWestern Energy Group by 3,014.8% during the 1st quarter. MAI Capital Management now owns 4,828 shares of the company's stock worth $279,000 after acquiring an additional 4,673 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of NorthWestern Energy Group in the 1st quarter valued at about $844,000. Huber Capital Management LLC raised its position in shares of NorthWestern Energy Group by 64.6% in the 1st quarter. Huber Capital Management LLC now owns 16,742 shares of the company's stock valued at $969,000 after purchasing an additional 6,572 shares during the last quarter. Finally, Ieq Capital LLC raised its position in NorthWestern Energy Group by 298.7% during the 1st quarter. Ieq Capital LLC now owns 15,542 shares of the company's stock worth $899,000 after buying an additional 11,644 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors.

NorthWestern Energy Group Stock Performance

Shares of NWE traded down $0.74 during mid-day trading on Monday, hitting $57.22. The stock had a trading volume of 66,031 shares, compared to its average volume of 468,406. The company has a market cap of $3.51 billion, a PE ratio of 15.66, a PEG ratio of 2.40 and a beta of 0.40. The company's fifty day simple moving average is $54.53 and its two-hundred day simple moving average is $55.09. The company has a quick ratio of 0.37, a current ratio of 0.52 and a debt-to-equity ratio of 0.94. NorthWestern Energy Group, Inc. has a fifty-two week low of $50.43 and a fifty-two week high of $59.89.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.40 earnings per share for the quarter, beating 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%.The firm's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.53 EPS. NorthWestern Energy Group has set its FY 2025 guidance at 3.530-3.650 EPS. On average, equities analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid 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 4.6%. NorthWestern Energy Group's dividend payout ratio is presently 71.93%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. BMO Capital Markets assumed coverage on shares of NorthWestern Energy Group in a research note on Tuesday, May 13th. They issued a "market perform" rating and a $60.00 price target on the stock. LADENBURG THALM/SH SH reissued a "neutral" rating and set a $56.00 price objective (down from $57.50) on shares of NorthWestern Energy Group in a research report on Monday, June 2nd. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, NorthWestern Energy Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $60.00.

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.