First Manhattan CO. LLC. Cuts Holdings in NorthWestern Energy Group, Inc. $NWE

Key Points

• First Manhattan CO. LLC. has reduced its stake in NorthWestern Energy Group, Inc. by 4.7% in the first quarter, now holding 93,699 shares valued at approximately $5.42 million.
• NorthWestern Energy Group recently announced a quarterly dividend of $0.66, representing an annualized yield of 4.6%, with shareholders of record set for payment on September 30th.
• The company's most recent earnings report showed EPS of $0.40, exceeding analyst estimates, while its guidance for FY 2025 anticipates EPS between 3.530 and 3.650.

First Manhattan CO. LLC. decreased its position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 4.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 93,699 shares of the company's stock after selling 4,596 shares during the quarter. First Manhattan CO. LLC. owned approximately 0.15% of NorthWestern Energy Group worth $5,422,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in NWE. Nuveen LLC bought a new stake in NorthWestern Energy Group during the first quarter valued at about $53,538,000. Jane Street Group LLC raised its position in NorthWestern Energy Group by 1,549.9% during the first quarter. Jane Street Group LLC now owns 243,070 shares of the company's stock valued at $14,066,000 after acquiring an additional 228,338 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new stake in shares of NorthWestern Energy Group in the first quarter valued at approximately $9,899,000. Nuveen Asset Management LLC boosted its stake in shares of NorthWestern Energy Group by 24.7% in the fourth quarter. Nuveen Asset Management LLC now owns 752,441 shares of the company's stock worth $40,225,000 after acquiring an additional 148,870 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of NorthWestern Energy Group by 7,288.9% in the first quarter. GAMMA Investing LLC now owns 132,927 shares of the company's stock worth $7,692,000 after acquiring an additional 131,128 shares during the last quarter. Institutional investors own 96.07% of the company's stock.

NorthWestern Energy Group Trading Up 0.4%

Shares of NorthWestern Energy Group stock traded up $0.24 during trading hours on Friday, hitting $57.95. The company's stock had a trading volume of 384,913 shares, compared to its average volume of 470,849. NorthWestern Energy Group, Inc. has a twelve month low of $50.43 and a twelve month high of $59.89. The firm has a fifty day moving average of $54.53 and a 200-day moving average of $55.08. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 15.88, a P/E/G ratio of 2.40 and a beta of 0.40. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.37 and a current ratio of 0.52.

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 the consensus estimate 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 period last year, the firm posted $0.53 EPS. The company's quarterly revenue was up 7.1% on a year-over-year basis. NorthWestern Energy Group has set its FY 2025 guidance at 3.530-3.650 EPS. Research analysts forecast that NorthWestern Energy Group, Inc. will post 3.63 EPS for the current year.

NorthWestern Energy Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Monday, September 15th. NorthWestern Energy Group's payout ratio is currently 71.93%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on NWE shares. 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. BMO Capital Markets assumed coverage on NorthWestern Energy Group in a research note on Tuesday, May 13th. They set a "market perform" rating and a $60.00 price objective on the stock. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target 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.