Bank of New York Mellon Corp Sells 20,259 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

Bank of New York Mellon Corp cut its position in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 2.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 865,807 shares of the company's stock after selling 20,259 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.41% of NorthWestern Energy Group worth $50,104,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of NWE. First Trust Advisors LP grew its stake in shares of NorthWestern Energy Group by 391.6% during the fourth 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 acquired a new position in shares of NorthWestern Energy Group during the 4th quarter worth approximately $40,236,000. Raymond James Financial Inc. acquired a new position in NorthWestern Energy Group in the 4th quarter valued at $29,978,000. DRW Securities LLC acquired a new position in NorthWestern Energy Group in the 4th quarter valued at $11,275,000. Finally, Nuveen Asset Management LLC raised its stake in NorthWestern Energy Group by 24.7% in the 4th quarter. Nuveen Asset Management LLC now owns 752,441 shares of the company's stock valued at $40,225,000 after purchasing 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 Stock Down 0.8%

NWE opened at $52.46 on Friday. The business's fifty day moving average is $53.57 and its two-hundred day moving average is $54.59. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.37 and a current ratio of 0.52. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 14.37, a PEG ratio of 2.40 and a beta of 0.35. NorthWestern Energy Group, Inc. has a one year low of $50.43 and a one year high of $59.89.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $1.22 earnings per share for the quarter, topping analysts' consensus estimates of $1.18 by $0.04. NorthWestern Energy Group had a return on equity of 7.40% and a net margin of 14.81%. The business's 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. Analysts anticipate that NorthWestern Energy Group, Inc. will post 3.63 EPS for the current fiscal year.

NorthWestern Energy Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date was Friday, June 13th. NorthWestern Energy Group's dividend payout ratio is presently 68.75%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. BMO Capital Markets assumed coverage on NorthWestern Energy Group in a research note on Tuesday, May 13th. They issued a "market perform" rating and a $60.00 target price for the company. Wells Fargo & Company raised their target price on NorthWestern Energy Group from $62.00 to $64.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. LADENBURG THALM/SH SH restated a "neutral" rating and set a $56.00 target price (down from $57.50) on shares of NorthWestern Energy Group in a report on Monday, June 2nd. Finally, Barclays increased their price target on NorthWestern Energy Group from $56.00 to $59.00 and gave the company an "overweight" rating in a research report on Tuesday, April 22nd. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" 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.

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