Comerica Bank Trims Stake in NorthWestern Energy Group, Inc. $NWE

Key Points

• Comerica Bank reduced its stake in NorthWestern Energy Group by 17.5%, selling 12,478 shares and retaining 58,787 shares valued at approximately $3.4 million.
• NorthWestern Energy Group recently declared a quarterly dividend of $0.66, giving it an annualized yield of 4.6% with a payout ratio of 71.93%.
• The company reported a 7.1% increase in revenue year-over-year, with earnings per share of $0.40 for the last quarter, surpassing consensus estimates.

Comerica Bank cut its holdings in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 17.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 58,787 shares of the company's stock after selling 12,478 shares during the period. Comerica Bank owned 0.10% of NorthWestern Energy Group worth $3,402,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC lifted its position in NorthWestern Energy Group by 155.3% during 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 in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of NorthWestern Energy Group during the 1st quarter valued at $116,000. GAMMA Investing LLC raised its stake in NorthWestern Energy Group by 27.7% during the 1st quarter. GAMMA Investing LLC now owns 2,297 shares of the company's stock valued at $133,000 after purchasing an additional 498 shares during the period. CWM LLC boosted its stake in NorthWestern Energy Group by 38.0% in the 1st quarter. CWM LLC now owns 3,055 shares of the company's stock worth $177,000 after purchasing an additional 842 shares during the period. Finally, KBC Group NV grew its holdings in NorthWestern Energy Group by 30.6% during the 1st quarter. KBC Group NV now owns 3,266 shares of the company's stock valued at $189,000 after buying an additional 765 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. BMO Capital Markets began coverage on shares of NorthWestern Energy Group in a report on Tuesday, May 13th. They issued a "market perform" rating and a $60.00 target price on the stock. LADENBURG THALM/SH SH reaffirmed a "neutral" rating and set a $56.00 target price (down from $57.50) on shares of NorthWestern Energy Group in a research note on Monday, June 2nd. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, NorthWestern Energy Group currently has a consensus rating of "Moderate Buy" and an average target price of $60.00.

NorthWestern Energy Group Price Performance

NWE traded up $0.08 during trading hours on Thursday, hitting $57.28. The company's stock had a trading volume of 94,211 shares, compared to its average volume of 469,408. The business's 50-day moving average price is $54.26 and its 200-day moving average price is $55.00. NorthWestern Energy Group, Inc. has a 12 month low of $50.43 and a 12 month high of $59.89. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 15.69, a P/E/G ratio of 2.40 and a beta of 0.40. The company has a current ratio of 0.52, a quick ratio of 0.37 and a debt-to-equity ratio of 0.94.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last issued its quarterly earnings data 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%. The firm's quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 earnings per share. NorthWestern Energy Group has set its FY 2025 guidance at 3.530-3.650 EPS. Sell-side analysts expect that NorthWestern Energy Group, Inc. will post 3.63 earnings per share for the current fiscal year.

NorthWestern Energy Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given 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 yield of 4.6%. NorthWestern Energy Group's dividend payout ratio is 71.93%.

NorthWestern Energy Group Company 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.