Hsbc Holdings PLC Buys 52,531 Shares of NorthWestern Energy Group, Inc. $NWE

Key Points

• Hsbc Holdings PLC significantly increased its position in NorthWestern Energy Group, owning about 67,762 shares after a 344.9% raise in the first quarter, bringing its total investment to approximately $3.89 million.
• NorthWestern Energy Group recently announced a quarterly dividend of $0.66 per share, yielding 4.6%, with the ex-dividend date set for September 15th.
• The company's earnings report showed a slight earnings per share beat, with reported EPS of $0.40, exceeding analysts' expectations of $0.38, while revenue grew by 7.1% year-over-year.

Hsbc Holdings PLC raised its stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 344.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 67,762 shares of the company's stock after purchasing an additional 52,531 shares during the period. Hsbc Holdings PLC owned 0.11% of NorthWestern Energy Group worth $3,894,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Brandywine Global Investment Management LLC boosted its holdings in shares of NorthWestern Energy Group by 5.4% during the 1st quarter. Brandywine Global Investment Management LLC now owns 220,775 shares of the company's stock valued at $12,776,000 after purchasing an additional 11,269 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in shares of NorthWestern Energy Group in the 1st quarter worth $1,241,000. Ground Swell Capital LLC bought a new stake in shares of NorthWestern Energy Group in the 1st quarter worth about $248,000. Boston Partners bought a new stake in shares of NorthWestern Energy Group in the 1st quarter worth about $1,664,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of NorthWestern Energy Group by 52.9% in the 1st quarter. Russell Investments Group Ltd. now owns 196,144 shares of the company's stock worth $11,351,000 after buying an additional 67,823 shares during the last quarter. Institutional investors own 96.07% of the company's stock.

Wall Street Analysts Forecast Growth

NWE has been the topic of a number of research reports. LADENBURG THALM/SH SH restated a "neutral" rating and issued a $56.00 target price (down from $57.50) on shares of NorthWestern Energy Group in a report on Monday, June 2nd. BMO Capital Markets initiated 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. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, NorthWestern Energy Group has an average rating of "Moderate Buy" and an average target price of $60.00.

NorthWestern Energy Group Trading Down 0.0%

Shares of NorthWestern Energy Group stock traded down $0.01 during trading on Monday, hitting $57.51. The stock had a trading volume of 285,558 shares, compared to its average volume of 473,793. The firm's fifty day simple moving average is $54.02 and its 200-day simple moving average is $54.97. The stock has a market cap of $3.53 billion, a PE ratio of 15.76, a PEG ratio of 2.40 and a beta of 0.35. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.52 and a quick ratio of 0.37. NorthWestern Energy Group, Inc. has a 12 month low of $50.43 and a 12 month high of $59.89.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.40 earnings per share (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%. The firm's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the firm posted $0.53 earnings per share. NorthWestern Energy Group has set its FY 2025 guidance at 3.530-3.650 EPS. As a group, sell-side analysts expect that NorthWestern Energy Group, Inc. will post 3.63 EPS for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders 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 dividend payout ratio (DPR) is 71.93%.

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.