Jane Street Group LLC Raises Stake in NorthWestern Energy Group, Inc. $NWE

Key Points

• Jane Street Group LLC significantly increased its stake in NorthWestern Energy Group by 1,549.9% during the first quarter, holding approximately 0.40% of the company worth $14.1 million.
• Analysts have a consensus rating of "Moderate Buy" for NorthWestern Energy Group, with an average price target of $60.00 per share.
• The company announced a quarterly dividend of $0.66 per share, representing an annualized yield of 4.6%, with an ex-dividend date of September 15th.

Jane Street Group LLC raised its position in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 1,549.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 243,070 shares of the company's stock after acquiring an additional 228,338 shares during the quarter. Jane Street Group LLC owned approximately 0.40% of NorthWestern Energy Group worth $14,066,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Systematic Financial Management LP lifted its stake in NorthWestern Energy Group by 0.4% in the first quarter. Systematic Financial Management LP now owns 1,114,838 shares of the company's stock worth $64,516,000 after acquiring an additional 4,264 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in NorthWestern Energy Group by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,033,437 shares of the company's stock worth $55,248,000 after acquiring an additional 4,544 shares during the last quarter. Westwood Holdings Group Inc. lifted its stake in NorthWestern Energy Group by 13.2% in the first quarter. Westwood Holdings Group Inc. now owns 1,001,201 shares of the company's stock worth $57,940,000 after acquiring an additional 117,087 shares during the last quarter. Nuveen LLC purchased a new position in NorthWestern Energy Group in the first quarter worth approximately $53,538,000. Finally, Northern Trust Corp lifted its stake in NorthWestern Energy Group by 11.5% in the fourth quarter. Northern Trust Corp now owns 894,163 shares of the company's stock worth $47,802,000 after acquiring an additional 91,977 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on NWE shares. BMO Capital Markets started 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. LADENBURG THALM/SH SH restated a "neutral" rating and set a $56.00 price objective (down previously from $57.50) on shares of NorthWestern Energy Group in a research report 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 data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $60.00.

NorthWestern Energy Group Stock Down 0.0%

Shares of NYSE:NWE opened at $57.51 on Friday. The company has a market capitalization of $3.53 billion, a PE ratio of 15.76, a P/E/G 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, Inc. has a twelve month low of $50.43 and a twelve month high of $59.89. The firm has a 50 day simple moving average of $53.91 and a 200-day simple moving average of $54.91.

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, beating 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 firm's quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.53 EPS. NorthWestern Energy Group has set its FY 2025 guidance at 3.530-3.650 EPS. On average, equities analysts predict that NorthWestern Energy Group, Inc. will post 3.63 EPS for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, September 15th. NorthWestern Energy Group's payout ratio is presently 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.

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