Bank of New York Mellon Corp Cuts Stake in NorthWestern Energy Group, Inc. (NYSE:NWE)

Bank of New York Mellon Corp lowered its position in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 2.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 865,807 shares of the company's stock after selling 20,259 shares during the period. Bank of New York Mellon Corp owned about 1.41% of NorthWestern Energy Group worth $50,104,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of NWE. Farther Finance Advisors LLC lifted its stake in NorthWestern Energy Group by 155.3% in the first quarter. Farther Finance Advisors LLC now owns 845 shares of the company's stock valued at $49,000 after purchasing an additional 514 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake 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 boosted its position in NorthWestern Energy Group by 280.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,203 shares of the company's stock worth $64,000 after purchasing an additional 887 shares during the period. Quantbot Technologies LP bought a new stake in shares of NorthWestern Energy Group in the fourth quarter valued at approximately $115,000. Finally, GAMMA Investing LLC grew its position 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 valued at $133,000 after purchasing an additional 498 shares in the last quarter. Institutional investors own 96.07% of the company's stock.

Wall Street Analysts Forecast Growth

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

NorthWestern Energy Group Price Performance

Shares of NWE stock traded up $0.17 during trading hours on Wednesday, hitting $51.75. The stock had a trading volume of 373,144 shares, compared to its average volume of 422,322. 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 stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of 14.18, 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. The stock's 50-day moving average price is $53.33 and its two-hundred day moving average price is $54.57.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.09 EPS. Equities analysts forecast that NorthWestern Energy Group, Inc. will post 3.63 EPS for the current year.

NorthWestern Energy Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a $0.66 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.64 annualized dividend and a yield of 5.10%. NorthWestern Energy Group's dividend payout ratio (DPR) is 68.75%.

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.