Huber Capital Management LLC Buys 6,572 Shares of NorthWestern Energy Group, Inc. $NWE

Key Points

• Huber Capital Management LLC increased its position in NorthWestern Energy Group by 64.6% during Q1, now owning 16,742 shares valued at approximately $969,000.
• NorthWestern Energy Group reported earnings of $0.40 per share, exceeding analysts' estimates, with revenue increasing 7.1% year-over-year.
• The company announced a quarterly dividend of $0.66 per share, resulting in an annualized yield of 4.5%.

Huber Capital Management LLC grew its position in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 64.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,742 shares of the company's stock after acquiring an additional 6,572 shares during the period. Huber Capital Management LLC's holdings in NorthWestern Energy Group were worth $969,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. State of Alaska Department of Revenue boosted its holdings in shares of NorthWestern Energy Group by 2.6% during the 1st quarter. State of Alaska Department of Revenue now owns 7,179 shares of the company's stock worth $415,000 after buying an additional 185 shares during the period. State of Michigan Retirement System boosted its holdings in shares of NorthWestern Energy Group by 1.4% during the 1st quarter. State of Michigan Retirement System now owns 14,728 shares of the company's stock worth $852,000 after buying an additional 200 shares during the period. Louisiana State Employees Retirement System boosted its holdings in shares of NorthWestern Energy Group by 1.2% during the 1st quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the company's stock worth $995,000 after buying an additional 200 shares during the period. State of Wyoming boosted its holdings in shares of NorthWestern Energy Group by 6.1% during the 4th quarter. State of Wyoming now owns 4,138 shares of the company's stock worth $221,000 after buying an additional 238 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of NorthWestern Energy Group by 1.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 26,322 shares of the company's stock worth $1,523,000 after buying an additional 250 shares during the period. Institutional investors own 96.07% of the company's stock.

NorthWestern Energy Group Price Performance

NWE stock traded down $0.01 during trading on Friday, reaching $57.51. 285,558 shares of the company were exchanged, compared to its average volume of 473,793. The company has a 50-day moving average of $53.91 and a two-hundred day moving average of $54.91. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 15.76, a P/E/G ratio of 2.40 and a beta of 0.35. NorthWestern Energy Group, Inc. has a twelve month low of $50.43 and a twelve month high of $59.89. 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 (NYSE:NWE - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business's quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.53 earnings per share. NorthWestern Energy Group has set its FY 2025 guidance at 3.530-3.650 EPS. As a group, equities analysts predict that NorthWestern Energy Group, Inc. will post 3.63 earnings per share for the current fiscal year.

NorthWestern Energy Group Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on NWE. 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 price objective for the company. LADENBURG THALM/SH SH reaffirmed a "neutral" rating and set a $56.00 price target (down previously from $57.50) on shares of NorthWestern Energy Group in a report on Monday, June 2nd. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, NorthWestern Energy Group presently has an average 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.