Entropy Technologies LP Purchases Shares of 4,800 NorthWestern Energy Group, Inc. (NYSE:NWE)

Entropy Technologies LP purchased a new stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,800 shares of the company's stock, valued at approximately $278,000.

Several other hedge funds have also bought and sold shares of the stock. Systematic Financial Management LP grew its holdings in NorthWestern Energy Group by 3.7% during the fourth quarter. Systematic Financial Management LP now owns 1,110,574 shares of the company's stock valued at $59,371,000 after purchasing an additional 40,140 shares during the period. Dimensional Fund Advisors LP grew its holdings in NorthWestern Energy Group by 0.4% during 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 period. Westwood Holdings Group Inc. grew its holdings in NorthWestern Energy Group by 13.2% during the first quarter. Westwood Holdings Group Inc. now owns 1,001,201 shares of the company's stock valued at $57,940,000 after purchasing an additional 117,087 shares during the period. First Trust Advisors LP grew its holdings in NorthWestern Energy Group by 391.6% during 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 period. Finally, Northern Trust Corp grew its holdings in NorthWestern Energy Group by 11.5% during the fourth quarter. Northern Trust Corp now owns 894,163 shares of the company's stock valued at $47,802,000 after purchasing an additional 91,977 shares during the period. Institutional investors own 96.07% of the company's stock.

NorthWestern Energy Group Price Performance

Shares of NorthWestern Energy Group stock opened at $56.04 on Friday. The stock has a 50 day moving average of $52.69 and a 200 day moving average of $54.64. NorthWestern Energy Group, Inc. has a 12 month low of $50.43 and a 12 month high of $59.89. The firm has a market cap of $3.44 billion, a PE ratio of 15.35, a PEG ratio of 2.40 and a beta of 0.35. 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 announced its quarterly earnings results on Thursday, July 31st. The company reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.02. NorthWestern Energy Group had a return on equity of 7.40% and a net margin of 14.81%. During the same quarter last year, the firm earned $0.53 earnings per share. The business's quarterly revenue was up 7.1% compared to the same quarter last year. On average, research analysts expect that NorthWestern Energy Group, Inc. will post 3.63 EPS for the current fiscal year.

NorthWestern Energy Group Announces Dividend

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 4.7%. NorthWestern Energy Group's dividend payout ratio is 71.93%.

Wall Street Analyst Weigh In

NWE has been the subject of several recent research reports. Barclays boosted their price target on NorthWestern Energy Group from $56.00 to $59.00 and gave the company an "overweight" rating in a report on Tuesday, April 22nd. Wells Fargo & Company upped their price objective on NorthWestern Energy Group from $62.00 to $64.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. LADENBURG THALM/SH SH reaffirmed a "neutral" rating and issued a $56.00 price objective (down previously from $57.50) on shares of NorthWestern Energy Group in a research note on Monday, June 2nd. Finally, 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 price objective for the company. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average 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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