Boston Partners Takes Position in NorthWestern Energy Group, Inc. $NWE

Key Points

• Boston Partners acquired a new position in NorthWestern Energy Group, purchasing 28,756 shares valued at approximately $1,664,000 during the first quarter.
• The company announced a quarterly dividend of $0.66 per share, payable on September 30th, which results in an annual yield of 4.8%.
• Analysts have a consensus price target of $60.00 for NorthWestern Energy Group, with several firms issuing buy ratings and price increases for the stock.

Boston Partners purchased a new position in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 28,756 shares of the company's stock, valued at approximately $1,664,000.

A number of other institutional investors also recently made changes to their positions in the stock. Russell Investments Group Ltd. lifted its stake in shares of NorthWestern Energy Group by 52.9% in the 1st quarter. Russell Investments Group Ltd. now owns 196,144 shares of the company's stock worth $11,351,000 after acquiring an additional 67,823 shares during the period. Nuveen LLC acquired a new stake in shares of NorthWestern Energy Group in the 1st quarter worth approximately $53,538,000. Aigen Investment Management LP acquired a new stake in shares of NorthWestern Energy Group in the 1st quarter worth approximately $283,000. Entropy Technologies LP acquired a new stake in shares of NorthWestern Energy Group in the 1st quarter worth approximately $278,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of NorthWestern Energy Group by 249.2% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,201 shares of the company's stock worth $2,384,000 after acquiring an additional 29,404 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

NorthWestern Energy Group Price Performance

Shares of NYSE NWE traded up $1.40 during midday trading on Friday, reaching $58.47. The company's stock had a trading volume of 113,400 shares, compared to its average volume of 476,913. The company has a current ratio of 0.52, a quick ratio of 0.37 and a debt-to-equity ratio of 0.94. The company has a 50 day moving average price of $53.09 and a 200 day moving average price of $54.74. NorthWestern Energy Group, Inc. has a one year low of $50.43 and a one year high of $59.89. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 16.02, 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 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.02. NorthWestern Energy Group had a net margin of 14.81% and a return on equity of 7.40%. During the same period in the prior year, the company posted $0.53 EPS. NorthWestern Energy Group's revenue was up 7.1% compared to the same quarter last year. NorthWestern Energy Group has set its FY 2025 guidance at 3.530-3.650 EPS. On average, equities research analysts expect that NorthWestern Energy Group, Inc. will post 3.63 EPS for the current year.

NorthWestern Energy Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.66 per share. The ex-dividend date is Monday, September 15th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.5%. NorthWestern Energy Group's payout ratio is currently 71.93%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on NWE shares. Wells Fargo & Company upped their price target on shares of NorthWestern Energy Group from $62.00 to $64.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. BMO Capital Markets started 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 for the company. Finally, LADENBURG THALM/SH SH reaffirmed a "neutral" rating and issued a $56.00 price target (down from $57.50) on shares of NorthWestern Energy Group in a research note 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. Based on data from MarketBeat, NorthWestern Energy Group currently has an average rating of "Moderate Buy" and a consensus target price of $60.00.

NorthWestern Energy Group 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.