Deutsche Bank AG Boosts Stock Position in NorthWestern Energy Group, Inc. (NYSE:NWE)

Deutsche Bank AG raised its stake in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 22.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,814 shares of the company's stock after purchasing an additional 14,613 shares during the period. Deutsche Bank AG owned 0.13% of NorthWestern Energy Group worth $4,213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in NorthWestern Energy Group by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 6,849,519 shares of the company's stock valued at $366,175,000 after purchasing an additional 56,180 shares during the last quarter. River Road Asset Management LLC grew its stake in NorthWestern Energy Group by 6.1% in the fourth quarter. River Road Asset Management LLC now owns 2,371,931 shares of the company's stock valued at $126,803,000 after purchasing an additional 136,922 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in NorthWestern Energy Group by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,033,437 shares of the company's stock valued at $55,248,000 after purchasing an additional 4,544 shares during the last quarter. First Trust Advisors LP grew its stake in NorthWestern Energy Group by 391.6% in the fourth quarter. First Trust Advisors LP now owns 999,884 shares of the company's stock valued at $53,454,000 after purchasing an additional 796,500 shares during the last quarter. Finally, Invesco Ltd. grew its stake in NorthWestern Energy Group by 9.9% in the fourth quarter. Invesco Ltd. now owns 904,579 shares of the company's stock valued at $48,359,000 after purchasing an additional 81,852 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

NorthWestern Energy Group Stock Up 0.5%

NYSE NWE traded up $0.29 during trading on Friday, hitting $54.98. The company's stock had a trading volume of 237,416 shares, compared to its average volume of 395,390. 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 company has a market cap of $3.37 billion, a PE ratio of 15.06, a P/E/G ratio of 2.40 and a beta of 0.40. The business's 50 day simple moving average is $56.79 and its 200-day simple moving average is $54.95. NorthWestern Energy Group, Inc. has a fifty-two week low of $48.52 and a fifty-two week high of $59.89.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.04. NorthWestern Energy Group had a return on equity of 7.40% and a net margin of 14.81%. During the same period in the prior year, the firm earned $1.09 earnings per share. The business's quarterly revenue was down 1.8% compared to the same quarter last year. On average, equities 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 will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date is Friday, June 13th. NorthWestern Energy Group's dividend payout ratio (DPR) is 68.75%.

Wall Street Analyst Weigh In

Several research firms have issued reports on NWE. BMO Capital Markets began 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 on the stock. Barclays lifted their target price on NorthWestern Energy Group from $56.00 to $59.00 and gave the company an "overweight" rating in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company raised their price target on NorthWestern Energy Group from $62.00 to $64.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $60.21.

Insider Buying and Selling

In related news, Director Britt E. Ide sold 702 shares of NorthWestern Energy Group stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $54.32, for a total transaction of $38,132.64. Following the completion of the transaction, the director now directly owns 11,021 shares in the company, valued at approximately $598,660.72. This trade represents a 5.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.94% of the company's stock.

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.