21,440 Shares in NorthWestern Energy Group, Inc. $NWE Purchased by Fox Run Management L.L.C.

Key Points

• Fox Run Management L.L.C. has acquired 21,440 shares of NorthWestern Energy Group, valued at approximately $1.24 million.
• Analysts have set a new consensus price target of $60.00 for NorthWestern Energy Group, with Barclays and Wells Fargo giving the company optimistic ratings.
• The company has announced a quarterly dividend of $0.66 per share, reflecting an annualized yield of 4.7%, with the ex-dividend date set for September 15th.

Fox Run Management L.L.C. acquired a new stake in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 21,440 shares of the company's stock, valued at approximately $1,241,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Farther Finance Advisors LLC increased its holdings in shares of NorthWestern Energy Group by 155.3% during the 1st quarter. Farther Finance Advisors LLC now owns 845 shares of the company's stock worth $49,000 after acquiring an additional 514 shares during the last quarter. GAMMA Investing LLC boosted its position in NorthWestern Energy Group by 27.7% during the first quarter. GAMMA Investing LLC now owns 2,297 shares of the company's stock worth $133,000 after purchasing an additional 498 shares during the period. CWM LLC increased its holdings in shares of NorthWestern Energy Group by 38.0% in the first quarter. CWM LLC now owns 3,055 shares of the company's stock valued at $177,000 after purchasing an additional 842 shares during the last quarter. KBC Group NV increased its holdings in shares of NorthWestern Energy Group by 30.6% in the first quarter. KBC Group NV now owns 3,266 shares of the company's stock valued at $189,000 after purchasing an additional 765 shares during the last quarter. Finally, Thoroughbred Financial Services LLC bought a new position in shares of NorthWestern Energy Group in the first quarter valued at about $200,000. 96.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on NWE. Barclays lifted their target price on shares of NorthWestern Energy Group from $56.00 to $59.00 and gave the stock an "overweight" rating in a report on Tuesday, April 22nd. BMO Capital Markets assumed coverage on shares of NorthWestern Energy Group in a research report on Tuesday, May 13th. They set a "market perform" rating and a $60.00 price objective for the company. Wells Fargo & Company upped their target price on NorthWestern Energy Group from $62.00 to $64.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, LADENBURG THALM/SH SH reiterated a "neutral" rating and set a $56.00 target price (down previously from $57.50) on shares of NorthWestern Energy Group in a research note on Monday, June 2nd. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $60.00.

NorthWestern Energy Group Stock Performance

NYSE NWE traded down $0.91 during trading on Wednesday, reaching $57.50. The company's stock had a trading volume of 1,685,863 shares, compared to its average volume of 476,958. 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 firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of 15.75, a price-to-earnings-growth ratio of 2.40 and a beta of 0.35. NorthWestern Energy Group, Inc. has a 12 month low of $50.43 and a 12 month high of $59.89. The firm has a 50 day moving average price of $53.01 and a 200 day moving average price of $54.71.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.40 EPS for the quarter, topping the consensus estimate 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 quarter in the previous year, the firm earned $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. As a group, equities analysts anticipate that NorthWestern Energy Group, Inc. will post 3.63 EPS 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 issued a $0.66 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.64 annualized dividend and a yield of 4.6%. NorthWestern Energy Group's payout ratio is currently 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.